The South Africa Just Energy Transition Investment Plan (JET-IP) is a $8.5bn deal to help South Africa (ZA) decarbonise its economy, struck at COP26 in 2021.
[1][2] This Just Energy Transition Partnership is a cooperation between the governments of ZA, France, Germany, the United Kingdom, the United States and the European Union.
[3] 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.
[4] The South African JETP was a model for a subsequent similar agreement on coal power in Indonesia, known as the Indonesia Just Energy Transition Partnership.
Alongside the main JETP, there are two other international agreements to accelerate the retirement of coal power plants in South Africa.