US Withdraws from Climate Finance Deal with Indonesia and South Africa
2025-03-07
The Jakarta Post
In a significant move, the US has withdrawn from the Just Energy Transition Partnerships (JETP), a climate finance deal aimed at helping emerging economies like Indonesia and South Africa transition away from coal and reduce carbon emissions. This decision may impact global efforts to combat climate change and promote sustainable energy solutions, including renewable energy and clean energy technologies. The JETP initiative was designed to support a just transition to a low-carbon economy, but the US withdrawal may hinder progress. The move is likely to have significant implications for international cooperation on climate action and green finance.
