The United States has officially withdrawn from the Just Energy Transition Partnership. This was an initiative that helped support developing nations in shifting from coal to clean energy. This decision ends its contribution to the $45 billion climate finance fund pledged for the cause.
The move is part of a series of funding cuts under President Donald Trump who took office in January. His administration is known for its skepticism of climate change it has already announced plans to exit the Paris Agreement rescinded $4 billion meant for the Green Climate Fund, and given up the US seat on the loss and damage fund board.
JETP was launched in 2021 with South Africa signing the first agreement at the COP26 summit in Glasgow. Other countries include Indonesia and Vietnam.
Last week the US informed Indonesia, Vietnam, and South Africa of that they are planning to withdrawal. So this was never part of the Senegal JETP from the beginning.
Germany has called the US decision “regrettable” but remains hopeful. German Development State Secretary Jochen Flasbarth stated that JETPs can continue successfully despite the setback.
This withdrawal raises concerns over the future of climate financing in developing nations and adds uncertainty to global clean energy transitions.
