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Improvement of metric for quantification and assessment of the energy justice

ABSTRACT
This paper provide a qualitative analysis of existing metrics that directly or indirectly quantify energy justice. The main objective of the paper was to determine shortcomings and to suggest improvements in order to enhane existing metrics and create conditions for defining of new energy indicators. The emphasis was placed on the analysis of the readiness of the system for the energy transition. Therefore, elements of the energy trilemma of the observed countries were defined using known parameters related to the transition processes. The use of known economic, political, energy, environmental and other indicators provided the universality of the suggested metric and reduced the impact of subjectivity. Proposed improvements for the metric of energy justice and the defining of new energy indicators served as a help tool for decision-makers in the energy sector. Political solutions should strive to a balancing of the energy trilemma, which was the main precondition for achieving the goals of sustainable development and a just transition. The main results of this paper are the possibility of universal application of metric for the quantification of energy justice and a new composite indicator that indicated the level of energy transition fairness.
KEYWORDS
PAPER SUBMITTED: 2021-05-27
PAPER REVISED: 2021-08-08
PAPER ACCEPTED: 2021-08-22
PUBLISHED ONLINE: 2021-09-04
DOI REFERENCE: https://doi.org/10.2298/TSCI210527262P
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