Just Energy Transition Partnership (JET-P) is emerging as the key mechanism for multilateral financing by developed countries to support an energy transition in developing countries.
About the Just Energy Transition Partnership (JETP) –
India’s energy transition scenario –
Framework of JET Strategy for India –
Way forward –
India’s G-20 presidency, offers an opportunity to negotiate a deal for itself while also shaping international cooperation on just energy transitions. To achieve the trifecta of jobs, growth and sustainability, India must strive to put people at the centre of its energy transformation. It should also ensure that JET take into consideration all socioeconomic aspects based on the principles of common but differentiated responsibility and different national circumstances.
Source – The Hindu
QUESTIONS – What is ‘Just-Energy Transition Partnership’? How is it going to help the developing countries to decarbonise their economies? Also, outline the concerns associated with it.