As India starts its G20 presidency, all eyes are on a crucial point mentioned in the final decision text of the recently concluded COP27 — a “just transition and just energy transition partnership (JETP)”. While an energy transition to renewables typically focuses on requisite technology and finance, a “just” energy transition argues for people-centric measures, one that reduces the negative impact of energy transitions on communities. The JETP combines technology, finance and people to help facilitate this transition. The G7 countries signed an $8.5 billion JETP deal with South Africa at COP26 in 2021, followed by a $20 billion deal with Indonesia and a $15.5 billion deal with Vietnam in 2022. There are now strong murmurs that the G7, led by the US and Germany, is courting India for a similar partnership. Should Delhi play ball?
A JETP for India has to be tailored to the…
New Delhi’s G20 presidency: Clean energy transition finance must put Delhi’s interests front and centre
