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South Africa’s journey towards decarbonisation via the Just Energy Transition Partnership (JETP) has been described as one of the major achievements of the 2021 United Nations Climate Change Conference, more commonly referred to as COP26. The government announced a major U.S.$8.2 billion deal with the UK, the U.S., Germany, France and the European Union. The climate-finance agreement aims to invest in renewable energy and move away from coal for South Africa over the next three to five years. COP27 will be held from November 6 to 18, 2022 in Sharm El Sheikh, Egypt where implementation of the JETP investment plan – identifying the projects and activities required to achieve a just transition – is expected to be discussed at the conference.

According to Climate Leaders, these annual United Nations Climate Change Conferences conferences are held in the framework of the United Nations Framework Convention on Climate Change (UNFCCC). They serve as the formal meeting of the UNFCCC parties (Conference of the Parties, COP) to assess progress in dealing with climate change, and beginning in the mid-1990s, to negotiate the Kyoto Protocol to establish legally binding obligations for developed countries to reduce their greenhouse gas emissions.

Source: allafrica.com