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Senegal Has Become The Fourth Country To Sign The JET-P Deal

Senegal Has Become The Fourth Country To Sign The JET-P Deal:

Senegal signed the Just Energy Transition Partnership (JET-P) deal.

  • Just Energy Transition Partnership (JET-P) is a mechanism for multilateral financing by developed countries to support an energy transition in developing countries.
  • It aims to reduce emissions in the energy sector and accelerate the coal phase-out.
  • Transition describes the gradual movement towards lower carbon technologies, while ‘Just’ qualifies that this transition will not negatively impact society, jobs and livelihoods.
  • It 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).
  • Senegal has become the fourth country after South Africa, Indonesia and Vietnam to sign the JET-P deal, with the International Partners Group comprising France, Germany, the European Union, the United Kingdom and Canada.
  • India refused to give its consent, saying that coal cannot be singled out as a polluting fuel and that energy transition talks need to take place on equal terms.