Germany affirms resilience of energy transition partnerships after U.S. withdrawal
https://www.cleanenergywire.org/news/germany-affirms-resilience-energy-transition-partnerships-after-us-withdrawal #energytransition #JETP #Trump
US exits $9.3 billion climate deal with developing nations
"The United States has exited #JETP, a massive climate deal designed to help South Africa, Indonesia and other developing nations transition to #CleanEnergy."
https://www.dw.com/en/us-exits-93-billion-climate-deal-with-developing-nations/a-71847744
Seems China gets all the soft power in clean energy development.
Just Energy Transition Partnerships, #JETP are supporting developing countries in deploying renewable energy.
Germany's notes on the US exiting the program are odd. They find policy tweaks in the dev. countries that incentivises private investment far more important than big government expenditures.
https://www.bmz.de/en/news/press-releases/statement-flasbarth-withdrawal-us-jetps-248278
I smell a dead, ie neoliberal rat with a bitter overtone of Nordstream2, Germany's gas storage, and ECT:
so our SPD-led Ministry For Development Aid @bmz follows the agenda that electricity in a (developing) society should be a private and by this, a primarily profit-driven endeavour.
Assumptions, not covered in the article:
What I hear is, the Ministry pushes German (or European bc there are other Europ. states in the JETP) companies into South Africa for example, tasking them with the build-up of renewable energy infrastructure, and ask the SouthAfrican government to incentivise the investment.
The profits from selling electricity go the company. The incentives go to the company. The new hardware belongs to the company.
And to get this private investment protected against government interference, SouthAfrica has to sign a contract to never enact a policy that lessens the profits, lest SA will be sued into oblivion. Like the fossil companies do, based on ECT.
The taxonomy for what "renewable" energy is comes from the EU, I suppose. Which allows gas "hydrogen ready", and biomass, ie forests, IIRC. The taxonomy originally was to be drafted by #Blackrock. vonderLeyen was stopped from doing this via public outcry. But I guess, she simply went on to temporarily employ Blackrock workers in the Commission. Rightly expecting that journalists wouldn't track this smart move.
Anyway. So one of the world's biggest fossil investors has drafted the bad "renewables" taxonomy after which European states now push neoliberal ideology and profit-driven a-holes into developing countries – and an ECT-eq shackles them to the neoliberal profiteers forever.
You know. I'd rather have China do it, really.
China bought Portuguese [harbours and] utilities when the US bankers' crises and neoliberal ideology had forced austerity on EU member states. https://www.reuters.com/markets/deals/portugals-edp-china-three-gorges-change-partnership-terms-2021-12-10/
Between 2015 and 2024, Portuguese renewable electricity went from 48% to 87% https://www.energy-charts.info/charts/energy/chart.htm?c=PT&l=en&interval=year&year=-1
Their coal use dropped from 29% to virtually zero.
Maybe, China will apply thumb screws at some stage. Thanks to Lagarde and Merkel.
Can't be worse than having a profit-driven, sociopathic company dictating your policies, siphoning off the profits, leaving the damages to be cleaned up by society, lobbying against taxes, and so forth.
edit: Reuters link added wrt China and Portugal
"We find this move regrettable. At the same time, we are convinced that the work of the Just Energy Transition Partnerships (JETPs) can be continued successfully. The decision to share responsibility between so many partners is now turning out to be very helpful. Since their establishment, the Partnerships have grown."
Almost a footnote at this point: The US has, predictably, left the #JETPs it was involved in.
https://www.bmz.de/en/news/press-releases/statement-flasbarth-withdrawal-us-jetps-248278
"We find this move regrettable. At the same time, we are convinced that the work of the Just Energy Transition Partnerships (JETPs) can be continued successfully. The decision to share responsibility between so many partners is now turning out to be very helpful. Since their establishment, the Partnerships have grown."
US withdrawing from plan to help major polluters move from coal, sources say
https://www.reuters.com/sustainability/climate-energy/us-withdrawing-plan-help-major-polluters-move-coal-sources-2025-03-05/ #JETP #coal #fossilfuels
https://www.reuters.com/sustainability/climate-energy/us-withdrawing-plan-help-major-polluters-move-coal-sources-2025-03-05/
The UK and the International Partners Group are doubling down on the #JETPs.
Not the worst idea, considering the circumstances, if lessons can be drawn from the rocky start to regain confidence in the format.
https://www.gov.uk/government/news/joint-article-on-just-energy-transition-partnerships
This has been a long time coming. Many of the #JETPs’ woes are ultimately symptoms of how international climate agreements are made: Make grand announcements first, work out essential details later.
UK and German officials have said there will likely be no more Just Energy Transition Partnerships, as the focus shifts to "country platforms" instead Developed countries "reluctant" on additional Just Energy Transition Partnerships
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