Publication Type
Journal Article
Version
acceptedVersion
Publication Date
8-2024
Abstract
This paper investigates the applicability of the Just Transition Transaction (JTT), initially developed as a financial mechanism for South Africa's energy transition, to Southeast Asian (SEA) countries, including Indonesia, Vietnam, and the Philippines, which heavily rely on coal. Utilizing South Africa as a reference case study, we deconstruct the JTT and develop a novel framework of necessary and conducive features for evaluating its suitability for supporting a just energy transition in SEA. Our findings suggest that the JTT is well-suited for Indonesia and Vietnam but not as well suited for the Philippines. Recommendations for specific research avenues in estimating baselines and aligning emissions trajectories are provided. Finally, we propose a tiered JTT model to encourage a supranational transition in SEA and suggest the potential application of our methods for assessing similar mechanisms in other coal-reliant developing countries.
Keywords
Emission pathways, Energy transition, Just Energy Transition Partnership (JET-P), Just Transition Transaction (JTT), South Africa, South-East Asia
Discipline
Asian Studies | Energy Policy | Finance and Financial Management
Publication
Energy for Sustainable Development
Volume
81
First Page
1
Last Page
11
ISSN
0973-0826
Identifier
10.1016/j.esd.2024.101472
Publisher
Elsevier
Embargo Period
6-12-2024
Citation
Jindal, Abhinav; Shrimali, Gireesh; Gangwani, Bharat; and Lall, Rajiv B..
Financing just energy transitions in Southeast Asia: Application of the Just Transition Transaction to Indonesia, Vietnam, and Philippines. (2024). Energy for Sustainable Development. 81, 1-11.
Available at: https://ink.library.smu.edu.sg/skbi/43
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1016/j.esd.2024.101472