US exits $9.3 billion climate deal with developing nations
US exits $9.3 billion climate deal with developing nations
www.dw.com US exits $9.3 billion climate deal with developing nations – DW – 03/06/2025
The United States has exited JETP, a massive climate deal designed to help South Africa, Indonesia and other developing nations transition to clean energy.
Summary
The U.S. has withdrawn from the $9.3 billion Just Energy Transition Partnerships (JETP), which supports developing nations like South Africa and Indonesia in transitioning to clean energy.
The decision, reportedly linked to a Trump executive order, cancels U.S.-funded grants and disrupts transition studies. Other partners, including the EU and UK, remain committed.
Critics call the U.S. exit “regrettable,” warning it may slow global decarbonization efforts in emerging economies.