Abstract

This article addresses the matter of investment decisions undertaken by the local authorities of coal-dependent economies in the context of oncoming transition resulting from the industrial facilities closure. The article offers an analysis of investment expenditures in three areas: technical infrastructure, social infrastructure, and environmental protection. The theoretical part of the article is focused on the issues of the just transition process and the role of institutions in effective planning for the post-coal future. Examples of concrete investments mitigating the negative effects of the coal phase-out are presented. The research is also completed by the recommendations and suggestions for policy makers.

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