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Toon Vandyck @toonvandyck.bsky.social · 31/07/2024

Thanks Paul, & likewise good to see you here

Toon Vandyck @toonvandyck.bsky.social · 31/07/2024

7️⃣Future research: the scientific community should critically assess successful elements and shortcomings of JETPs to inform global efforts to mitigate climate change by providing up-to-date & tailored pathway analysis, accounting for local conditions while considering equity.

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Toon Vandyck @toonvandyck.bsky.social · 31/07/2024

6️⃣Cooperation is key to tackle climate change. International fora such as the OECD's IFCMA can provide a useful platform for knowledge-sharing from policy design to implementation stage. 👉https://www.oecd.org/en/about/programmes/inclusive-forum-on-carbon-mitigation-approaches.html

oecd.org

Inclusive Forum on Carbon Mitigation Approaches

The Inclusive Forum on Carbon Mitigation Approaches (IFCMA) is the OECD’s flagship initiative designed to help optimise the global impact of emissions reduction efforts around the world through better...

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Toon Vandyck @toonvandyck.bsky.social · 31/07/2024

5️⃣What’s next? Rolling out JETPs to further coal-reliant economies can represent a step towards keeping the Paris Agreement goals within reach. Timely anticipation can help avoiding a potential coal phase-in rather than managing a coal phase-out.

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Toon Vandyck @toonvandyck.bsky.social · 31/07/2024

4️⃣The financial support foreseen in the JETPs cover the additional investments in the energy system in ZAF & IDN, and match the investment needs in VNM associated with a cost-efficient 1.5°C pathway. A broader policy package can help further align investments with a just transition.

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Toon Vandyck @toonvandyck.bsky.social · 31/07/2024

3️⃣Not all JETP targets are binding. For instance, our analysis suggests that the target for renewables in Indonesia will reduce emissions beyond the 290 Mt CO2 target in 2030. Yet, setting multiple goals can be a robust policy approach that sends strong signals.

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Toon Vandyck @toonvandyck.bsky.social · 31/07/2024

2️⃣Paris Agreement alignment is not automatically guaranteed: Indonesia’s and Vietnam’s envisioned coal capacity expansions until 2030 within the JETP targets deviate from a globally cost-efficient 1.5 °C pathway 🎯

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Toon Vandyck @toonvandyck.bsky.social · 31/07/2024

1️⃣ Results show that the JETPs improve alignment of power sector⚡developments with a global 1.5°C trajectory, indicating a promising route for international collaboration to keep Paris Agreement goals within reach 🌍

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Toon Vandyck @toonvandyck.bsky.social · 31/07/2024

🚨New research in @natureportfolio.bsky.social on Just Energy Transition Partnerships ❓ #ClimateFinance is key to reach #ParisAgreement goals – how can we ensure both are consistent? 💡We develop quantitative scenarios to assess JETPs w/ 🇿🇦 🇮🇩🇻🇳 Here is what we find 🧵 www.nature.com/articles/s41...

nature.com

Just Energy Transition Partnerships and the future of coal - Nature Climate Change

Just Energy Transition Partnerships (JETPs) are an important international initiative to address the urgent coal phase-out issue in emerging economies. Model-based assessment demonstrates JETPs for So...

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