Just Energy Transition Partnership(JET-P)

1 Jul 2023

Context: 

Senegal has become the fourth country after South Africa, Indonesia and Vietnam to sign the JET-P deal.

Just Energy Transition Partnership:

  • Launch: It was launched in 2021 at the UNFCCC COP26 held at Glasgow, UK.
  • Aim
    • To bridge the gap between developed and developing nations in moving towards clean energy.
    • To reduce emissions in the energy sector and accelerate the coal phase-out.
  • Financing Mechanism: In a Partnership, wealthier nations fund a coal-dependent developing nation to support the country’s own path to phase-out coal and transition towards clean energy while addressing the social consequences.
  • Tools of Funding: Grants, Loans, or Investments. 
  • Donor Pool
    • International Partners Group (IPG) that consists of Japan, the USA, Canada, Denmark, France, Germany, Italy, Norway, the EU, and the UK.
    • Glasgow Financial Alliance for Net Zero (GFANZ) Working Group comprises multilateral and national development banks and finance agencies.
  • Earlier, the G7 countries had decided to launch a Just Energy Transition Partnership(JET-P) with India, Indonesia, Vietnam and Senegal.

India’s Stand Over Just Energy Transition: 

  • A just transition in India requires more attention to socioeconomic aspects as mine closures affect a large number of informal workers, improving lives and livelihoods that require support through reskilling and economic diversification.
  • Hence, India argues that coal cannot be singled out as a polluting fuel, and energy transition talks need to take place on equal terms.

News Source: Down to earth

Archive Calendar

Mon Tue Wed Thu Fri Sat Sun
 123
45678910
11121314151617
18192021222324
25262728293031

Need help preparing for UPSC or State PSCs?

Connect with our experts to get free counselling & start preparing

Know about Physics Wallah

Physics Wallah is an Indian online education platform, that provides accessible & comprehensive learning experiences to students of classes 6 to 12 and those preparing for JEE and NEET exams. We also provide extensive NCERT solutions, sample papers, NEET, JEE Mains, BITSAT previous year papers, which makes us a one-stop solution for all resources. Physics Wallah also caters to over 3.5 million registered students and over 78 lakh+ Youtube subscribers with 4.8 rating on its app.

We Stand Out because

We successfully provide students with intensive courses by India's qualified & experienced faculties. PW strives to make the learning experience comprehensive and accessible for students of all sections of society. We believe in empowering every single student who couldn't dream of a good career in engineering and medical field earlier.

Our Key Focus Areas

Physics Wallah’s main focus is to create accessible learning experiences for students all over India. With courses like Lakshya, Udaan, Arjuna & many others, we have been able to provide a ready solution for lakhs of aspirants. From providing Chemistry, Maths, Physics formulae to giving e-books of eminent authors, PW aims to provide reliable solutions for student prep.

What Makes Us Different

Physics Wallah strives to develop a comprehensive pedagogical structure for students, where they get a state-of-the-art learning experience with study material and resources. Apart from catering students preparing for JEE Mains and NEET, PW also provides study material for each state board like Uttar Pradesh, Bihar, and others.

Aiming for UPSC?

Download Our App

# #
Quick Revise Now !
AVAILABLE FOR DOWNLOAD SOON
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

<div class="new-fform">






    </div>

    Subscribe our Newsletter
    Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.
    *Promise! We won't spam you.
    Yes! I want to Subscribe.