Just Energy Transition Partnership grants and country platforms: lessons from Indonesia and South Africa
Authors: Sangeeth Selvaraju, Anisa Indah Pratiwi, Laura Sabogal and Viktor Ahlgren
This report from the Just Transition Finance Lab explores the lessons that can be learned from Just Energy Transition Partnerships (JETPs) for the design of country platforms. JETPs are political agreements between a group of donor countries and an emerging economy partner country to mobilise and coordinate public and private finance to support a just energy transition. When they were launched in 2021 they represented a turning point in international climate finance towards a more comprehensive, country-led approach linking emissions mitigation with social equity in coal-dependent economies. However, a reliance on loans has been suggested to have put the ‘just’ component of the transition at risk, particularly in countries already grappling with mounting debt and fiscal constraints. Country platforms build on the ambitions of JETPs while placing greater emphasis on country ownership, coherence, and integration into long-term development and climate objectives. The authors analyse the grant distribution of JETPs in Indonesia and South Africa to support the design of future country platforms.