2024 - Scaling the JETP model - Prospects and pathways for action

In the cases of Indonesia and Vietnam, the pledges of concessional capital from the IPG were matched In July 2022, Egypt established a “country-led platform” by pledges of investment from the private sector, for the Nexus of Water, Food and Energy (NWFE), with coordinated by GFANZ. [...] 11 The promise of JETPs encounters real-world challenges The main innovation of the JETP model is the combination of leader-level political support with the provision of concessional capital to support near-term actions and investments to accelerate the transition from fossil fuels to clean energy, with an. [...] Supporting the just transition of workers will be key to maintaining social legitimacy and political support through the implementation phase 17 Actions to scale the JETP model Over the course of the six dialogues, we catalogued, based on the feedback of participants, several challenges and deficiencies with the current JETP model ecosystem, which were relevant to scale potential. [...] This non-exhaustive list of complimentary actions is primarily relevant to the key actors in the JETP ecosystem respectively: philanthropy in the case of Action Pathway 1; host countries in the case of Action Pathway 2; MDBs in the case of Action Pathway 3; and donor countries in the case of Action Pathway 4. [...] Such a signal could set the reform agenda for the international community and financing bodies Another barrier to the MDBs picking up the mantle is by outlining a series of reforms needed to facilitate the scaling the large amounts of concessional capital required to of JETPs.