A Just Energy Transition Partnership (JETP) is a financing cooperation mechanism to help a heavily coal-dependent emerging economy make a just energy transition away from coal.
[5][6] The agreement with Indonesia involves all G7 countries as partners, including Canada, Italy and Japan.
[9] Under the JETP, Indonesia aims to reach net-zero emissions of greenhouse gases from electricity production by 2050, bringing forward its target by a decade, and reach a peak in those emissions by 2030.
[15] It aims to help South Africa achieve the goals set out in its nationally determined contribution to the Paris Agreement, and prevent emissions of 1 to 1.5 gigatonnes of greenhouse gas emissions.
Alongside the main JETP, there are two other international agreements to accelerate the retirement of coal power plants in South Africa.