Q. Consider the following statements regarding the Just Energy Transition Partnership (JET-P):

1. JET-P is a mechanism established by developed countries to provide multilateral financial support for energy transition in developing and emerging economies.
2. Just Energy Transition refers to the shift from non-renewable, fossil fuel-based energy sources to renewable, clean energy sources, with an emphasis on ensuring fairness, inclusivity, and equitable benefits.

Which of the statements given above is/are correct?
Answer: Only 2
Notes: Statement 1 is incorrect as JET-P focuses on supporting energy transition in developing and emerging economies, not exclusively in the least developed countries. Statement 2 is correct; the Just Energy Transition emphasizes replacing fossil fuels with renewable energy, ensuring equitable social and economic outcomes. Hence, only statement 2 is correct.