A $9.3 billion climate deal rich nations struck with South Africa to help it transition to clean forms of energy will forge ahead despite the withdrawal of the US, with other partners remaining committed to it, the UK’s climate envoy said.
The US had planned to contribute about $1 billion in commercial loans to the Just Energy Transition Partnership, or JETP, and $56 million in grant funding, which was agreed during President Joe Biden’s tenure. Similar deals were struck with Indonesia and Vietnam. France, Germany, the European Union, the UK, the Netherlands and Denmark are part of the South African deal.
