Vietnam looks to achieve net zero emissions by 2050. (Photo: VNA) The event attracted representatives of international partners,international organisations, the Glasgow Financial Alliance for Net Zero (GFANZ),businesses, non-governmental organisations (NGOs), ministries, sectors,experts, and scientists.
Delivering the opening remarks, MoNRE Deputy Minister Le CongThanh said the Secretariat for the implementation of the Political Declaration hopesto receive suggestions of projects for the JETP plan.
These projects should match the framework criteria to helpVietnam properly carry out the National Power Development Plan VIII and thenational energy master plan. They should match the priorities of Vietnam andpartners, and be feasible in terms of technology and resources so that theycould be implemented immediately. Priority is given to breakthrough projects thatcan help accelerate energy transition in the country, he noted.
British Ambassador to Vietnam Iain Frew expressed delight from the group ofinternational partners as they enter the next phase of the PoliticalDeclaration implementation by preparing for the resource mobilisation plan.
He considered this a chance to map out a path for achieving Vietnam’sambition of just energy transition to boost growth, aid the realisation of nationalsocioeconomic targets, and enhance energy security and competitiveness.
Thomas Wiersing, Chargé d’Affaires a.i. of the EU Delegation toVietnam, emphasised the willingness to closely cooperate with all keyministries of Vietnam as well as the society in general, including NGOs,State-owned enterprises, the private sector, and research groups to ensurebroad consensus in society.
Meanwhile, Resident Representative of the UN Development Programme (UNDP) inVietnam Ramla Khalidi held that the country’s success in creating a clear roadmaptowards a green, low-carbon, and climate-resilient economy is not only urgentto its prosperity but also a test case for proving the effectiveness of globaljoint actions. That is the strength of just energy transition.
At the event, participants gave recommendations about thestructure and content of the resource mobilisation plan to ensure it accordswith the Political Declaration on the JETP establishment, and the building of a roadmapfor implementation of programmes and projects. The group also discussed the framework criteria forselecting just energy transition projects and activities to be included in theresource mobilisation plan, and finances for the PoliticalDeclaration. Policy actions to increase investment in energy transition were also discussed, together with theimplementation and governance of the declaration, and projects to beincluded in the resource mobilisation plan.
In December 2022, the Political Declaration on the JETP establishmentwas adopted and announced by Vietnam and the G7 and non-G7 countries within theframework of the summit commemorating the 45th anniversary of theASEAN - EU dialogue relations in Brussels, Belgium.
The partners pledged to initially mobilise 15.5 billion USD inthe next three to five years to meet Vietnam’s just energy transition demand.
To carry out the Political Declaration, the MoNRE has coordinated with otherministries and sectors to draft and submit an implementation plan to the PrimeMinister for approval. The Secretariat for the declaration implementation, set upby the PM on July 14, 2023, was chaired by the MoNRE minister./.
Thomas Wiersing, Chargé d’Affaires a.i. of the EU Delegation toVietnam, emphasised the willingness to closely cooperate with all keyministries of Vietnam as well as the society in general, including NGOs,State-owned enterprises, the private sector, and research groups to ensurebroad consensus in society.
Meanwhile, Resident Representative of the UN Development Programme (UNDP) inVietnam Ramla Khalidi held that the country’s success in creating a clear roadmaptowards a green, low-carbon, and climate-resilient economy is not only urgentto its prosperity but also a test case for proving the effectiveness of globaljoint actions. That is the strength of just energy transition.
At the event, participants gave recommendations about thestructure and content of the resource mobilisation plan to ensure it accordswith the Political Declaration on the JETP establishment, and the building of a roadmapfor implementation of programmes and projects. The group also discussed the framework criteria forselecting just energy transition projects and activities to be included in theresource mobilisation plan, and finances for the PoliticalDeclaration. Policy actions to increase investment in energy transition were also discussed, together with theimplementation and governance of the declaration, and projects to beincluded in the resource mobilisation plan.
In December 2022, the Political Declaration on the JETP establishmentwas adopted and announced by Vietnam and the G7 and non-G7 countries within theframework of the summit commemorating the 45th anniversary of theASEAN - EU dialogue relations in Brussels, Belgium.
The partners pledged to initially mobilise 15.5 billion USD inthe next three to five years to meet Vietnam’s just energy transition demand.
To carry out the Political Declaration, the MoNRE has coordinated with otherministries and sectors to draft and submit an implementation plan to the PrimeMinister for approval. The Secretariat for the declaration implementation, set upby the PM on July 14, 2023, was chaired by the MoNRE minister./.
VNA
