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Just Energy Transition Partnerships at two: doctrine, executions and way forward

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  • Minh Ha-Duong

    (CIRED - Centre International de Recherche sur l'Environnement et le Développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École des Ponts ParisTech - Université Paris-Saclay - CNRS - Centre National de la Recherche Scientifique)

  • Christophe Cassen

    (CIRED - Centre International de Recherche sur l'Environnement et le Développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École des Ponts ParisTech - Université Paris-Saclay - CNRS - Centre National de la Recherche Scientifique)

Abstract

Since COP26, four Just Energy Transition Partnerships (JETP) political declarations have promised to mobilize billions of dollars to stimulate the energy transition in emerging markets. It is too early to judge the success of these four pilot partnerships. Implementation revealed many challenges, including the risk of being used for geopolitical purposes, hidden conditions, loss of confidence, and excessive debt. To mitigate these risks, JETPs should report results under the Paris Agreement transparency mechanisms, adopt widely accepted social and environmental standards, and reduce the share of sovereign debt in the package of measures while increasing the share of private finance.

Suggested Citation

  • Minh Ha-Duong & Christophe Cassen, 2024. "Just Energy Transition Partnerships at two: doctrine, executions and way forward," CIRED Working Papers hal-04412457, HAL.
    • Handle: RePEc:hal:ciredw:hal-04412457
    Note: View the original document on HAL open archive server: https://hal.science/hal-04412457v1
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    Keywords

    JETP; Energy transition; Emerging countries; Climate financing; North-South cooperation;
    All these keywords.

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