US Withdraws from $9.3 Billion Global Climate Transition Initiative

The decision impacts funding for South Africa, Indonesia, and Vietnam as other nations reaffirm their commitment to the program.

The United States has exited the Just Energy Transition Partnerships (JETP), a multi-billion-dollar initiative supporting clean energy transitions in developing nations.
The withdrawal affects South Africa, Indonesia, and Vietnam, where U.S. funding had been allocated for coal phase-out and renewable energy projects.
South Africa will lose over $1 billion in pledged U.S. investments, with several planned projects now canceled, according to President Cyril Ramaphosa's office.
The U.S. cited executive orders from President Donald Trump as the basis for the decision, marking another rollback of international climate commitments by his administration.
Other JETP partners, including the EU, UK, and Germany, remain committed to the initiative, emphasizing their continued support for green energy transitions in the affected nations.