JETP-Partnerships

Just Energy Transition Partnerships (JETP) represent an innovative and newly established financing mechanism designed to provide support to coal-dependent regions in emerging countries. The primary goal of JETP is to facilitate the phase-out of coal and foster the transition to clean energy sources while addressing the social challenges arising from this transformative journey. This mechanism operates through a pool of donors forming partnerships with countries grappling with systemic transformation. Notable contributors include the International Partners Group (IP), comprising Canada, Denmark, France, Germany, Italy, the European Union, Japan, the United States, and the United Kingdom, alongside the Glasgow Financial Alliance for Net Zero (GFANZ) Working Group, which features a mix of multilateral and national development banks as well as various financial institutions. The first Just Energy Transition Partnership was signed with South Africa at the COP26 conference in Glasgow in 2021.