Just Energy Transition Partnership (JETP) preparatory works for the DCC

Just Energy Transition Partnership (JETP) preparatory works for the DCC

On 14 December 2022, the International Partners Group (IPG) and Vietnam announced a Just Energy Transition Partnership (JETP), which aims to unlock financing to support Vietnam with a just and sustainable energy transition. In collaboration with the Department of Climate Change (DCC) of the Ministry of Natural Resources and Environment (MONRE), ETP has been engaged in supporting DCC's preparatory work for Vietnam's JETP.

Building on ETP's relations with DCC, and responding to a formal request letter, ETP promptly assembled a diverse consultant team to support the DCC. Through thorough research and multiple stakeholder engagements, ETP's consultant team conducted several studies, compiled policy briefs, and provided inputs to DCC's JETP efforts.

Deliverables Provided: As part of our collaboration, ETP delivered several important resources to the DCC for JETP preparation:

  1. Draft JETP Resources Mobilization Plan (RMP) outline: A comprehensive framework to guide resource mobilization for an effective energy transition.
  2. Analysis of JETP experience in Indonesia and South Africa: A report highlighting key insights from Indonesia and South Africa's energy transition journeys, relevant to Vietnam's context.
  3. Policy briefs: We developed concise policy briefs on various aspects of the JETP:
    1. Historical experiences with fossil to renewable electricity transitions.
    2. Background and legal concerns for JETP development and implementation in Vietnam.
    3. Financing the JETP RMP in Vietnam.
    4. Energy transition in JETP development and implementation in Vietnam.
    5. Just and equitable transition in JETP development and implementation.

* Please note that these products, while reflecting the views of our consultants, do not necessarily represent the official stance of the DCC or ETP.*

ETP is grateful to the DCC for the opportunity to engage in such meaningful work and remains committed to offering further support to the JETP and the wider energy transition process. We also acknowledge the work of our consultants who worked tirelessly to deliver this work against tight deadlines.