Power Markets
US pulls out of plan to assist major polluters in moving away from coal
Several sources in the key participating countries have confirmed that the United States has withdrawn from Just Energy Transition Partner (JETP), a collaborative effort between richer countries to assist developing countries to transition from coal to cleaner energies. The JETP was unveiled for the first time at the U.N. Climate Talks in Glasgow, Scotland, in 2021. South Africa, Indonesia and Vietnam were announced as the recipients of grants, loans and financial guarantees to help them move away from coal. Joanne Yawitch is the head of the Just Energy Transition Project Management Unit for South Africa. She said that on Wednesday,...