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

Copyright Owner and License

Authors

Additional URL

https://doi.org/10.1016/j.esd.2024.101472

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