About Just Energy Transition Partnership (JETP)

Subject: Environment

Section: Climate change

Just Energy Transition Partnership (JETP) is emerging as the key mechanism for multilateral financing by developed countries to support an energy transition in developing countries. This has taken on particular significance following the insertion of the phrase ‘phase-down’ of coal in the Glasgow Pact. After South Africa, Indonesia, and Vietnam, India is considered the next candidate for a JET Partnership
JETP is an initiative of the rich nations to accelerate the phasing out of coal and reducing emissions.
The JETP initiative is modelled for South Africa, to support South Africa’s decarbonisation efforts.
It aims to reduce emissions in the energy sector and accelerate the coal phase-out process.
JETP makes various funding options available for this purpose in identified developing countries.
The JETP was launched at the COP26 in Glasgow with the support of the United Kingdom (UK), the United States (US), France, Germany, and the European Union (EU)
Following that G7 has announced for a similar partnership in India, Indonesia, Senegal, and Vietnam.