South Africa said it had received notice that the U.S. had withdrawn from the International Partners Group, a bloc of rich countries that has pledged money for energy transitions.

The so-called Just Energy Transition Partnerships (JETP) are ambitious financing deals between a small group of wealthy countries and emerging economies to help them ditch planet-polluting coal.

South Africa's G20 presidency this year will prioritise efforts to help developing countries finance their shift to a low-carbon economy, President Cyril Ramaphosa said, even as the United States radically scales back its support.

Japan’s finance minister confirmed the nation will continue to support Indonesia’s energy transition following the exit of the US from a $20 billion initiative to help one of Asia’s biggest polluters shift away from fossil fuels.

The United States has pulled out of a climate funding deal struck by rich nations to help their developing counterparts transition to clean energy.

The United States has withdrawn from the Just Energy Transition Partnerships (JETP), a multi-billion-dollar initiative launched in 2021 to help emerging economies move away from coal and other non-renewable energy sources.