Just Energy Transition Partnership

In News: The Union Ministry of Power has opposed the G7 nations’ plan of persuading India to start negotiations on a Just Energy Transition Partnership.

About Just Energy Transition Partnership (JETP)

• JETP, an initiative of the rich nations to accelerate phasing out of coal and reducing emissions.
• The JETP initiative is modelled for the South Africa, to support South Africa’s decarbonisation efforts.
• It aims to reduce emissions in the energy sector and accelerate the coal phase-out process.
• JETP makes various funding options available for this purpose in identified developing countries.
• The JETP was launched at the COP26 in Glasgow with the support of the United Kingdom (UK), the United States (US), France, Germany, and the European Union (EU)
• Following that G7 has announced for a similar partnership in India, Indonesia, Senegal, and Vietnam.

India’s stand – India argues that coal cannot be singled out as a polluting fuel, and energy transition talks need to take place on equal terms.

Must Read: G7 – covered comprehensively

Source: The Hindu

Previous Year Question

Q.1) Consider the following statements: (2022)

1. “The Climate Group” is an international non-profit organization that drives climate action by building large networks and running them.
2. The International Energy Agency in partnership with the Climate Group launched a global initiative “EP100”.
3. EP100 brings together leading companies committed to driving innovation in energy efficiency and increasing competitiveness while delivering on emission reduction goals.
4. Some Indian companies are members of EP100.
5. The International Energy Agency is the Secretariat to the “Under2 Coalition”.

Which of the statements given above are correct?

1. 1, 2, 4 and 5
2. 1, 3 and 4 only
3. 2,3 and 5 only
4. 1, 2, 3, 4 and 5