Just Energy Transition Partnership (JET-P)

• Senegal has become the fourth country, following South Africa, Indonesia, and Vietnam, to sign the JETP deal.

ABOUT JUST ENERGY TRANSITION PARTNERSHIP

• It is a mechanism for multilateral financing by developed countries to support an energy transition in developing countries.
• It was first announced at UNFCCC COP26 in Glasgow, where France, Germany, UK, USA, and EU announced JETP to support South Africa’s decarbonization effort.
• Goal of JETP is to support countries’ transition from coal to cleaner energy sources while addressing social consequences, such as job creation and economics impact.
• It aims to reduce emissions in the energy sector and accelerate the coal phase-out.
• India refused to give its consent, saying that coal cannot be singled out as a polluting fuel and that energy transition talks need to take place on equal terms.