Vietnam

The purpose of Just Energy Transition Partnership (JETPs) is to decarbonize energy systems in emerging countries. In Vietnam, the partnership is ambitious but underfunded, unjust, and riddled with high political costs.

As Indonesia and Vietnam start on their respective JET-P journeys, funding is pivotal in determining the nature of ‘partnership’ in just energy transition. Can they clear the path away from debt and fossil fuel-laden projects to navigate the way transparently with the IPG towards clearer benefits for all and respect for human rights? 

With the help of the “JETP Vietnam” energy partnership, Vietnam is to become climate-neutral by 2050. While this agreement includes targets on energy, financial, and industrial policy, little has been achieved in terms of climate policy so far.