GEAPP Confirms Support for Countries’ Just Energy Transition Partnership (JETP) Initiatives

Sharm El Sheikh, 15 November 2022 The Global Energy Alliance for People and Planet (GEAPP) announced support for its country partners as they push forward on their energy transition plans, including the Just Energy Transition Partnerships (JETP) process and other improvements vital to successful energy transitions.

South Africa, Indonesia, and Vietnam publicly noted GEAPP’s support during COP27 in Egypt and the G20 in Indonesia, pointing out the Alliance’s role in building capability and funding for their energy transition ambitions. GEAPP has funded assistance to governments in multiple ways since its own launch 12 months ago at COP26 in Glasgow. The Alliance’s initial priority is to improve planning and implementation capacity within partner governments.

GEAPP is committed to playing a catalytic role in decarbonization to spur innovation and mobilize fresh sources of finance so that countries can execute their energy transitions at scale. GEAPP supports the efforts of the JETP initiative between developing countries and the International Partner Group (“IPG”) donor countries. This path holds promise to open new concessional sources of funding over time. The IPG process of country-led, concessional, and catalytic capital can be refined and expanded to include more JETP countries. For the past year, GEAPP’s bespoke support has helped governments navigate the JETP process. The strategic deployment of philanthropic capital has helped countries build their own technical capacity to administer IPG funding, develop investment plans for the use of new funds, and create the cross-government delivery capability needed to create real change.

Daniel Mminele, head of the Presidential Climate Finance Task Team in the Presidency of the Republic of South Africa, said support from GEAPP “has allowed us to build our capacity and make demonstrable progress on South Africa’s just energy transition plans. We look forward to continued support from GEAPP as South Africa focuses on critical implementation and delivery of the JET investment plan.”

On request from the government of South Africa, GEAPP and partners are enhancing technical capacity support, including the Presidential Climate Finance Task Team, the Presidential Climate Commission, Eskom’s JET Office, and other aspects of a coordinated approach to the transition agenda.

Tran Hong Ha, Minister of Natural Resources and Environment for Vietnam, said the assistance GEAPP has offered to Vietnam “will help Vietnam in the process of exchanging and negotiating a plan to mobilize resources for the coming energy transition.”

This transition from coal power to renewable energy, he said, “needs to be done immediately. During the Just Energy Transition Partnership (JETP) negotiation process, Vietnam aims to convert energy as quickly as possible. The agreement should help remove technological barriers through cooperation in research, development, and technology transfer. In addition, Vietnam has a roadmap for technology to develop, at a cost suitable to the living standards of most Vietnamese people.”

With the announcement today of Indonesia’s JETP, GEAPP and its partners will continue to support technical capacity across several ministries. Working together with the government, GEAPP is also coordinating numerous partners to deliver a technical analysis of carbon credit methodology as part of Indonesia’s plans to accelerate the close-down of coal-fired power plants.

Simon Harford, GEAPP’s CEO, said “the speed and determination with which countries such as South Africa, Indonesia, and Vietnam are moving to advance their energy transitions is impressive. We simply cannot move quickly enough on large-scale decarbonization and to place clean energy at the center of future economic development. GEAPP commends the work of these governments to ensure their energy transition is just and that it adds jobs that are accretive and supportive of the communities most impacted.

Ending energy poverty and achieving decarbonization must be two sides of the same objective. We must bring a reliable supply of affordable electricity to the 3.64 billion people who currently lack it, while also reducing carbon emissions. There is growing evidence that economic development based on clean energy can be a strong driver of growth, job creation and entrepreneurial livelihoods.”

GEAPP supports governments with the steps needed to ensure a just and inclusive energy transition for their citizens and local communities. It is the Alliance’s belief that energy transitions must be country-owned and country-led, as demonstrated by South Africa, Indonesia, and Vietnam, but with robust support from the international community, including philanthropy. As an independent partner supporting developing countries, GEAPP sees a unique, complementary role for philanthropic capital that bolsters the just and inclusive needs of developing countries, and which are designed to catalyze far larger pools of capital available from development finance and the private sector.

About the Global Energy Alliance for People and Planet

The Global Energy Alliance for People and Planet (GEAPP) is an alliance of local entrepreneurs, governments in emerging and developed economies, and technology, policy, and financing partners.

Our common mission is to support developing countries’ shift to a clean energy, pro-growth model that ensures universal energy access and unlocks a new era of inclusive economic growth, while enabling the global community to meet critical climate goals during the next decade. In doing so, as an Alliance we aim to enable 150 million new jobs, reduce 4 gigatons of future carbon emissions, and expand clean energy access to one billion people. With philanthropic partners, Bezos Earth Fund, IKEA Foundation, and The Rockefeller Foundation, GEAPP works to build the enabling environment, capacity, and market conditions for private sector solutions, catalyze new business models through innovation and entrepreneurship, and deploy high-risk capital to encourage private sector solutions, and assist just transition solutions. For more information, please visit www.energyalliance.org and follow us on Twitter at @EnergyAlliance.

Contact

Eric Gay

eric.gay@energyalliance.org

+1 917 912 6190