The World Bank said without proper adaptation and mitigation measures, it is estimated that climate change will cost Vietnam about 12-14.5% of GDP a year by 2050 and could plunge up to one million people into extreme poverty by 2030.
Head of the Party Central Committee’s Economic Commission Tran Tuan Anh hailed the growing strategic partnership between Vietnam and the UK in various areas during a reception in Hanoi on June 23 for Minister of State for Trade Policy in the Department for International Trade of the UK Greg Hands.
Prime Minister Pham Minh Chinh suggested the UK Government continue its support to Vietnam in finance, technology, and experience in transitioning towards a low-carbon economy, while receiving Alok Sharma, British Cabinet Minister and President of the 26th United Nations Climate Change Conference (COP 26), in Hanoi on May 28.
As people are increasingly aware of environmental protection, the Government has identified development of low-carbon economy and circular economy as a top priority, contributing to shifting the economic structure into a more sustainable fashion, according to Minister of Natural Resources and Environment Tran Hong Ha.
Minister of Natural Resources and Environment Tran Hong Ha has emphasised the urgent need to develop a circular and green and low-carbon economy in the context of pressure on exhausted natural resources, environmental pollution and climate change.
The Vietnam Coalition for Climate Action (VCCA) was inaugurated during a ceremony held in Hue city of the central province of Thua Thien-Hue on August 21.
Vietnam is in the early stages of developing renewable energy sources and needs to introduce more incentive policies to attract more investment, experts have said.
The Mekong Delta province of Soc Trang will carry out an action programme for sustainable forest management in its three coastal districts under the project “Reducing Emissions from Deforestation and Forest Degradation” (REDD+).
Vietnam plans to develop a low-carbon economy and include climate-change resistance work in its updated Nationally Determined Contribution (NDC) for the Paris climate accords.
The Ministry of Planning and Investment (MPI), the UNDP and the Green Climate Fund (GCF) on June 26 announced a GCF-funded project to increase the resilience to climate change for coastal residents in Vietnam.
The US Agency for International Development (USAID) will granted around 24 million USD to a forest conservation project in the central provinces of Quang Nam and Thua Thien-Hue for 2016 – 2020.
Vietnam is making all-out efforts to build a low-carbon economy towards green growth in order to realise the United Nations Framework Convention on Climate Change.
Environment
