Under the patronage of His Highness Sheikh Mohamed Bin Zayed Al Nahyan, President of the United Arab Emirates
تحت رعاية صاحب السمو الشيخ محمد بن زايد آل نهيان، رئيس دولة الامارات العربية المتحدة
One of the highlights of COP26 in Glasgow in 2021 was the establishment of Just En ergy Transition Partnerships (JETPs) — an innovative plurilateral framework designed to expedite the phase-out of fossil fuels. This initiative aims to align financial and technical support from countries in the Global North with recipient nations in the Global South.
France, Germany, the United Kingdom, the United States, and the European Union at that time had committed to mobilising US$8.5 billion to support South Africa’s transition plans. Since then, the Netherlands and Demark have joined the partnership, increasing the commitment to US$9.3 billion.
To date, JETPs have focused on emerging economies with significant coal production and consumption. South Africa, the first country to sign up for this partnership, generates approximately 80% of its electricity from coal, despite having some of the world’s best conditions for solar and wind energy, as well as the technological capability to produce green hydrogen.
Organisations involved: World Bank, Eskom, Energy Sector Management Assistance Programme, Canadian Clean Energy and Forest Climate Facility
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