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The IIASA Just transitions to net-zero carbon emissions for all (JustTrans4All) project, which forms part of a suite of projects under the IIASA Strategic Initiatives Program, will contribute to novel analyses of transition pathways that are socially and environmentally just. The project will inform policy design, aiming to achieve high levels of human wellbeing within planetary boundaries in line with the UN 2030 Agenda and the Paris Agreement.

MultiFutures systematically broadens the scope for policy action towards sustainable societies by assessing and developing transition scenarios based on alternative economic paradigms. This involves extending established transition scenarios (e.g. the EC's 'Long term strategic vision' scenarios or the IEA’s net zero scenarios) to include alternative economic paradigms that are based on a wide spectrum of sound economic and social theories and have demonstrated potential to address global challenges. These paradigms introduce new policy options and instruments, which we aim to critically assess regarding their relevance, effectiveness, and potential trade-offs.

This project aims to capture the medium to long-term spillover effects of financial markets and related stakeholders such as regulatory institutions on climate relevant emissions from land-use and changes to its pattern. Previous research has emphasized the spillovers of shocks, volatilities, and policy decisions from financial markets to commodity prices and thus on agricultural decisions. However, the long-term impacts of these spillovers, in terms of emissions have not been explored yet in a systematic global manner.

Coal, the most carbon-intensive fossil fuel, is a major contributor to anthropogenic carbon emissions and climate change. Coal mining and combustion are also a leading cause for premature mortality due to local air pollution. On the other hand, coal is also central to many regional and local economies that rely on its mining, transportation, energy production and exports. With changing climate and rapidly depleting carbon budgets, the urgency for coal phase-out has become more prominent and many regional economies are under pressure to transition away from coal in a time bound manner.