International Partners Group backs SA‘s Just Energy plan as US cuts Ribn funding

THE International Partners Group (IPG), a coalition comprising countries like the United Kingdom, Germany, France, and the European Union, has announced its intentions to fill the funding gap left by the United States after its withdrawal from the Just Energy Transition Partnership (JETP).

- BANELE GININDZA [e-mail]

This decision follows the US severing its financial support, which had previously included $56 million (R1 billion) in grant funds and $1bn in commercial debt and equity aimed at aiding South Africa's transition from coal to cleaner energy sources.

On Thursday, the UK's Foreign Commonwealth and Development Office released a statement highlighting the discussions among IPG partners to continue supporting initiatives that had been financially backed by the US.