A national Green Climate Fund will soon be set up to facilitate future financial flow from the global Green Climate Fund into Vietnam .
Prime Minister Nguyen Tan Dung requested the Ministry of Natural Resources and Environment to work with relevant finance and planning ministries to establish the fund after reviewing the United Nations COP 17 climate summit held in Durban last December.
The global Green Climate Fund, which aims to channel aid to developing nations to adapt to climate change, was first approved at COP 16 in Cancun and formally established in Durban .
The global fund is expected to raise 100 billion USD a year by 2020, to which all developing countries will have equal access.
Currently, development aid for climate change and the environment in Vietnam comes from the Adaptation Fund, Climate Investment Fund, Global Environment Fund and the Clean Development Mechanism.
The Prime Minister has subsequently called for a report on the operation of these funds and their efficiency.
Relevant policies and legal documentation were suggested to be reviewed in accordance with international conventions and Vietnam 's strategies on climate change.-VNA
Prime Minister Nguyen Tan Dung requested the Ministry of Natural Resources and Environment to work with relevant finance and planning ministries to establish the fund after reviewing the United Nations COP 17 climate summit held in Durban last December.
The global Green Climate Fund, which aims to channel aid to developing nations to adapt to climate change, was first approved at COP 16 in Cancun and formally established in Durban .
The global fund is expected to raise 100 billion USD a year by 2020, to which all developing countries will have equal access.
Currently, development aid for climate change and the environment in Vietnam comes from the Adaptation Fund, Climate Investment Fund, Global Environment Fund and the Clean Development Mechanism.
The Prime Minister has subsequently called for a report on the operation of these funds and their efficiency.
Relevant policies and legal documentation were suggested to be reviewed in accordance with international conventions and Vietnam 's strategies on climate change.-VNA
