PM Pham Minh Chinh (R) and Group Chief Executive of Standard Chartered Bill Winters. (Photo: VNA) Dubai (VNA) - Prime MinisterPham Minh Chinh and Group Chief Executive of Standard Chartered Bill Winters co-chaired anevent on raising finance to implement Vietnam’s commitment to climate change in Dubai, the UAE, onDecember 1 (local time).
Speaking at the event, which took place on the sidelines of COP28, PM Chinh said at the 26th United Nations Climate Change Conference of the Parties (COP26), participatingcountries jointly committed to achieving net-zero emissions, energy transition,reducing methane emissions, protecting forests, and enhancing community andenvironmental resilience.
With commitments at COP26, Vietnam and international partners adoptedthe Political Declaration on establishing the Just Energy TransitionPartnership (JETP), with the goal and actions to implement green transition, he said.
The PM suggested organisations and businesses establish new visions,adopt new thinking, show greater determination and take more drastic actions toaccompany the Vietnamese Government in achieving the climate change response goals.
They were urged to continue assisting Vietnam in perfectingmechanisms and institutions, financial resources, technology, management experienceand human resources to realise its desire for open policies and mechanisms, smoothinfrastructure, and smart governance to help Vietnam in transition togreen energy and achieving net-zero emissions by 2050.
Winters,for his part, expressed strong support for Vietnam's commitments, steps andactions in the green transition process towards net-zero emissions by 2050.
Hesaid Standard Chartered will increase support for Vietnam in raising funds,attracting green financial resources, and promoting green growth in line withthe commitments made at COP26. The bank also aims to contribute to Vietnam'sdevelopment, including the establishment of a green capital market and carboncredit market.
Onthis occasion, PM Chinh and representatives of Vietnamese ministries, agenciesand international organisations witnessed the exchange of nine cooperationagreements between ministries, agencies, organisations and businesses on supporting Vietnam's green development.
PM Pham Minh Chinh and delegates at COP28 (Photo: VNA) At an earlier reception for Winters and other leaders of thebank, PM Chinh wished that thelender would continueassisting Vietnam with preferential financial sources to promote green growth,digital transformation and sustainable energy transition. He also encouragedinvestments in strategic infrastructure, including digital and greeninfrastructure, and key infrastructure projects.
Vietnamwill continue creating favourable conditions for Standard Chartered to maintainand expand its operations in the country, in the spirit of “harmonisinginterests and sharing risks”, he said./.
