The united states have withdrawn from the Just energy transition partnerships (JETP), a Multi-Billion-Dollar Initiative Launched in 2021 to Help Emerging Economies Move Away from Coal and Other Non-Renewable Energy Sources.
Other partners, including France, Germany, The European Union, The UK, The Netherlands, and Denmark, Remain Committed to the Program.
The us exit will strongly affected affects south Africa and indonesia, which are among the benefits of the program.
According to a statement from
Billions for projects in South Africa, Indonesia and Vietnam
Indonesia's jetp secretariat head, paul butarbutar, confirmed that the US embassy in jakarta informed he of washington's decision, citing an executative Order from President Donald Trump.
He Noted That While The $ 21.6 Billion (€ 20.70 billion) PLEDGE from Private and Public Donors Remains Unchanged, The Us Withdrawal Will IMPACT CRNSITION Studies and Grant Funding in Indonesia.
Under the South Africa Agreement, The Country was promised $ 56 million (€ 52.37 million) in Grants and an additional $ 1 billion in Potanical Commercial Investments. Similar Agreements were made with indonesia and vietnam.
Uk Climate Envoy Rachel Kyte Called The Us Withdrawal “Regrettable” 'But Ressured South Africa That “The Rest of the World Moves on.”
Can South Africa Afford a Green Transition?
South Africa is one of the world's largest polluters, with coal generating 80% of its electricity. Energy Minister kgosientsho ramokgopa stated, “Our Commitment to a Just Energy Transition is Not Conditional On Other Sovereign Powers.”
However, Frequent Power Outages Plaguing the Country Have Fuled Political Opposition to Closing Coal Plants.
The jetp was haled as a breakthrough in 2021, offering a model to bring public and private funding together to support clean energy transitions in development nations. However, Progress has been slow to implement due to Financing Challenges, Leadership Changes in Indonesia and Vietnam, and the complexities of shutting down power plants.
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