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(Photo: CLEW/Wettengel)
India and a group of countries including the U.S. and Germany will not agree on a so-called Just Energy Transition Partnership (JETP), a key international deal that was meant to promote the South Asian nation’s climate-friendly transition.
A German government official said that the two sides had agreed to not pursue the JETP any further, which would have included financial and technical support to help India move away from fossil fuels like coal.
Experts said that years of difficult negotiations had shown that India, the world’s most populous and increasingly energy-hungry country, was not interested in a deal focused on a coal phase-out, which could have pushed it to take on more debt. Instead, future cooperation should prioritise financing for renewable energy expansion.
India, Germany and other countries will not continue to pursue a Just Energy Transition Partnership (JETP) deal to accelerate the phase-out of fossil fuels in the South Asian country while ensuring no one is left behind.
“In the end, we are not following this track, in agreement between India and us,” said Jochen Flasbarth, state secretary in the German ministry for economic cooperation and development. “We realised that the approach is not attractive for India,” he told Clean Energy Wire in an interview at the UN climate change conference COP29 in Baku, capital of Azerbaijan.
It has been clear for some time that the agreement is unlikely to materialise, but the governments have never been as clear as the state secretary about the end of the talks.
