A Just Energy Transition Partnership ( JETP ) is a financing cooperation mechanism to help a heavily coal-dependent emerging economy make a just energy transition away from coal.
6-695: The Indonesia Just Energy Transition Partnership is a 20 billion dollar agreement to decarbonise Indonesia's coal-powered economy, launched on 15 November 2022 at the G20 summit . This Just Energy Transition Partnership comes after the first such agreement, the South Africa JET-IP was announced in 2021 as a partnership with Germany, France, the UK and US. The agreement with Indonesia involves all G7 countries as partners, including Canada, Italy and Japan. It also includes Denmark and Norway. The JETP aims to develop
12-546: A comprehensive investment plan (the JETP Investment and Policy Plan) to achieve Indonesia's decarbonisation goals. Under the JETP, Indonesia aims to reach net-zero emissions of greenhouse gases from electricity production by 2050, bringing forward its target by a decade, and reach a peak in those emissions by 2030. According to two think tanks, the $ 20bn allocated under the programme are insufficient for these goals. This
18-705: The Paris Agreement , and prevent emissions of 1 to 1.5 gigatonnes of greenhouse gas emissions . The South African JETP was a model for a subsequent similar agreement on coal power in Indonesia, known as the Indonesia Just Energy Transition Partnership . Alongside the main JETP, there are two other international agreements to accelerate the retirement of coal power plants in South Africa. The others are: This
24-451: The UK and US. The agreement with Indonesia involves all G7 countries as partners, including Canada, Italy and Japan. It also includes Denmark and Norway. The JETP aims to develop a comprehensive investment plan (the JETP Investment and Policy Plan) to achieve Indonesia's decarbonisation goals. Under the JETP, Indonesia aims to reach net-zero emissions of greenhouse gases from electricity production by 2050, bringing forward its target by
30-432: Was announced in 2022. Indonesia Just Energy Transition Partnership The Indonesia Just Energy Transition Partnership is a 20 billion dollar agreement to decarbonise Indonesia's coal-powered economy, launched on 15 November 2022 at the G20 summit . This Just Energy Transition Partnership comes after the first such agreement, the South Africa JET-IP was announced in 2021 as a partnership with Germany, France,
36-649: Was announced in 2023. The South Africa Just Energy Transition Investment Plan (JET-IP) is a $ 8.5bn deal to help South Africa (ZA) decarbonise its economy, struck at COP26 in 2021. This Just Energy Transition Partnership is a cooperation between the governments of ZA, France, Germany, the United Kingdom, the United States and the European Union . It aims to help South Africa achieve the goals set out in its nationally determined contribution to
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