Some perspective on that question here: www.nature.com/articles/s41...
Just Energy Transition Partnerships (JETPs) are an important international initiative to address the urgent coal phase-out issue in emerging economies. Model-based assessment demonstrates JETPs for So...
Thanks Paul, & likewise good to see you here
7️⃣Future research: the scientific community should critically assess successful elements and shortcomings of JETPs to inform global efforts to mitigate climate change by providing up-to-date & tailored pathway analysis, accounting for local conditions while considering equity.
6️⃣Cooperation is key to tackle climate change. International fora such as the OECD's IFCMA can provide a useful platform for knowledge-sharing from policy design to implementation stage. 👉https://www.oecd.org/en/about/programmes/inclusive-forum-on-carbon-mitigation-approaches.html
The Inclusive Forum on Carbon Mitigation Approaches (IFCMA) is the OECD’s flagship initiative designed to help optimise the global impact of emissions reduction efforts around the world through better...
5️⃣What’s next? Rolling out JETPs to further coal-reliant economies can represent a step towards keeping the Paris Agreement goals within reach. Timely anticipation can help avoiding a potential coal phase-in rather than managing a coal phase-out.
4️⃣The financial support foreseen in the JETPs cover the additional investments in the energy system in ZAF & IDN, and match the investment needs in VNM associated with a cost-efficient 1.5°C pathway. A broader policy package can help further align investments with a just transition.
3️⃣Not all JETP targets are binding. For instance, our analysis suggests that the target for renewables in Indonesia will reduce emissions beyond the 290 Mt CO2 target in 2030. Yet, setting multiple goals can be a robust policy approach that sends strong signals.
2️⃣Paris Agreement alignment is not automatically guaranteed: Indonesia’s and Vietnam’s envisioned coal capacity expansions until 2030 within the JETP targets deviate from a globally cost-efficient 1.5 °C pathway 🎯
1️⃣ Results show that the JETPs improve alignment of power sector⚡developments with a global 1.5°C trajectory, indicating a promising route for international collaboration to keep Paris Agreement goals within reach 🌍