Vietnam JETP – A Major Step Forward for Vietnam’s Decarbonisation Goals

Vietnam has just become the latest country to put in place a Just Energy Transition Partnership (JETP) with the International Partners Group (IPG). Under the terms of the Vietnam JETP, IPG members – including the EU, UK, the United States, France, Germany, Italy, Canada, Japan, Norway and Denmark – will provide an initial US$15.5 billion of public and private financing over the next three to five years to support Vietnam’s goal to achieve a number of new energy transition targets.

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How does Indonesia’s JETP compare to net zero pathways?

The Indonesian JETP raises the country’s ambition for power sector decarbonisation and closely aligns to a pathway that delivers Indonesia’s target of net zero by 2060. At the G20 summit in Bali – and on the same day as COP27’s Energy Day – Indonesia announced its ‘Just Energy Transition Partnership’ (or JETP). The groundbreaking deal secures $20bn funding from the US, Japan and others to help Indonesia accelerate the transition from coal to clean electricity.

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