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Browsing: Just Energy Transition in Africa
- So far, South Africa and Senegal are the only African countries to have agreed to a Just Energy Transition Partnerships (JETP), with South Africa securing a deal for $8.5 billion, while Senegal secured one for $2.7 billion.
- How South Africa and Senegal intend to leverage these deals differ drastically, however, as do their power generation circumstances.
- Currently, coal continues to dominate South Africa’s energy portfolio, at over 80 per cent of the country’s power generation mix.
Just Energy Transition Partnerships (JETP) have been introduced in recent years to provide financial support to developing nations as they transition away from fossil fuels. In 2021, during the 26th UN Climate Change Conference of the Parties (COP26), South Africa became the first nation to sign such a deal. Senegal and the International Partners Group (IGP) signed a JETP in June 2023.
I have said before that the best way for Western countries, and …