20% Special Sale Ends Today! Hurry Up!!!

Just Energy Transition Partnership (JET-P) deal

Just Energy Transition Partnership (JET-P) deal upsc notes
Senegal signs JET-P
Fourth country
Others: South Africa, Indonesia, Vietnam
Announced June 22, 2023
Mobilizes 2.5 billion euros
Financing period: 3-5 years
About JET-P
Accelerate phasing out of coal
Reduce emissions
Sector: Energy
Launch: 2021
Announced at 26th UN Climate Change Conference of the Parties (COP 26)
Supported by:
United Kingdom (UK)
United States (US)
European Union (EU)
G7 partnership
Countries: India, Indonesia, Senegal, Vietnam
Funding for developing countries
Existing Deals
COP 26(2021)
South Africa finance: $8.5 billion
Aim: To meet Nationally Determined Contribution (NDC) goals
COP 27 (2022)
South Africa's JETP Implementation Plan (JETP IP)
G20 leaders’ summit in Bali
Indonesia’s JETP deal
Developed countries' emphasis on coal phase-down
Ignores country context
Ignores energy transition differences
Between industrialized and emerging economies
India’s Stand
Refuses coal phase-out negotiation
Wants its own transition plan
JETP talks stalled
Differences in coal approaches
US push for coal phase-out
India's push for climate funds
For renewable energy
For technology transfer
For green jobs

Related Posts

Notify of
Inline Feedbacks
View all comments
Home Courses Plans Account
20% Special Sale Ends Today! Hurry Up!!!