On 04 March 2025, the U.S. government sent messages to the governments of Indonesia, Vietnam, and South Africa that it was withdrawing from the Just Energy Transition Partnership (JETP). The U.S. exit from JETP is not unexpected as the Trump administration had already abdicated the program’s co-leadership role in early February 2025.
Representing more than USD45 billion in funding, the three JETPs seek to simultaneously encourage the early retirement of high carbon dioxide-emitting fossil fuel power plants while accelerating their replacement with clean energy. This transition would be funded through concessionary public finance and private sector investment backed by strategic grants and philanthropic monies. These funding sources spurred JETP governments to develop customized long-term investment plans, outlining how transition investment could be utilized. This planning may not have happened at the same scale or integrated…
