The South Africa Just Energy Transition Investment Plan (JET-IP) is a $8.5bn deal to help

South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...

(ZA) decarbonise its economy, struck at

COP26 The 2021 United Nations Climate Change Conference, more commonly referred to as COP26, was the 26th United Nations Climate Change conference, held at the SEC Centre in Glasgow, Scotland, United Kingdom, from 31 October to 13 November 2021. The ...

in 2021. This

Just Energy Transition Partnership A Just Energy Transition Partnership (JETP) is a financing cooperation mechanism to help a heavily coal-dependent emerging economy make a just energy transition The energy transition is the process of downshifting fossil fuels and re-dev ...

is a cooperation between the governments of ZA, France, Germany, the United Kingdom, the United States and the

European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been des ...

. It aims to help South Africa achieve the goals set out in its

nationally determined contribution A nationally determined contribution (NDC) or intended nationally determined contribution (INDC) is a non-binding national plan highlighting climate change mitigation, including climate-related targets for greenhouse gas emission reductions. These ...

to the

Paris Agreement The Paris Agreement (french: Accord de Paris), often referred to as the Paris Accords or the Paris Climate Accords, is an international treaty on climate change. Adopted in 2015, the agreement covers climate change mitigation, Climate change a ...

, and prevent emissions of 1 to 1.5 gigatonnes of

greenhouse gas emissions Greenhouse gas emissions from human activities strengthen the greenhouse effect, contributing to climate change. Most is carbon dioxide from burning fossil fuels: coal, oil, and natural gas. The largest emitters include coal in China and lar ...

. The South African JETP was a model for a subsequent similar agreement on coal power in Indonesia, known as the

Indonesia Just Energy Transition Partnership The Indonesia Just Energy Transition Partnership is a 20 billion dollar agreement to decarbonise Indonesia's coal-powered economy, launched on 15 November 2022 at the G20 summit. This Just Energy Transition Partnership comes after the first such ag ...

. Alongside the main JETP, there are two other international agreements to accelerate the retirement of coal power plants in South Africa. The others are: * The Eskom Just Energy Transition Project, a $497 million project to support Eskom, South Africa's public utility, to decommission the

Komati Power Station Komati Power Station, is a coal-fired power plant operated by Eskom. Its 300 metre tall chimney was built in 1979, and is one of the tallest structures in the country. Komati is one of power stations with a common steam range, meaning that its n ...

. It was funded by the

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...

.{{Cite web , title=Factsheet: Eskom Just Energy Transition Project in South Africa , url=https://www.worldbank.org/en/news/factsheet/2023/06/05/factsheet-eskom-just-energy-transition-project-in-afe-south-africa , access-date=2023-07-19 , website=World Bank , language=en * The Climate Investment Funds Accelerating Coal Transition Investment Plan, which blends billions of dollars from the World Bank, International Finance Corporation and

African Development Bank The African Development Bank Group (AfDB) or (BAD) is a multilateral development finance institution headquartered in Abidjan, Ivory Coast, since September 2014. The AfDB is a financial provider to African governments and private companies i ...

to finance coal power plant decommissioning and repurposing in

Mpumalanga Mpumalanga () is a province of South Africa. The name means "East", or literally "The Place Where the Sun Rises" in the Swazi, Xhosa, Ndebele and Zulu languages. Mpumalanga lies in eastern South Africa, bordering Eswatini and Mozambique. It ...

, the province where most of South Africa's coal capacity is located, along with replacement of its power capacity.

References

Fourth Merkel cabinet COP26