Just Energy Transition Partnership (JET-P)

About Just Energy Transition Partnership (JET-P):

• It is a mechanism for multilateral financing by developed countries to support an energy transition in developing countries.
• It aims to reduce emissions in the energy sector and accelerate the coal phase-out.
• Transition describes the gradual movement towards lower carbon technologies, while ‘Just’ qualifies that this transition will not negatively impact society, jobs and livelihoods.
• It was launched at the COP26 in Glasgowwith the support of the United Kingdom (UK), the United States (US), France, Germany, and the European Union (EU).
• Senegal has become the fourth country after South Africa, Indonesia and Vietnam to sign the JET-P deal, with the International Partners Group comprising France, Germany, the European Union, the United Kingdom and Canada.
• 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.