The World Bank has approved a 9.76 million USD non-refundable aid package to help Vietnam phase out Hydrochlorofluorocarbons (HCFCs) - ozone-depleting substances (ODS) instrumental to global warming - for the 2013-15 period.
The endowment is from the Multilateral Fund for the implementation of the Montreal Protocol on ozone-depleting substances.
The project will apply the latest technologies to phase out 1,275 tonnes of HCFCs from foam-producing enterprises, and support policies, regulations and offer technical assistance to reduce HCFC consumption.
The Montreal Protocol requires a gradual decline commencing in 2013, leading to the complete end of HCFC consumption and production by 2030 in developing countries.
The HCFC phase-out in Vietnam also aims to maximise climate-related benefits with the introduction of zero or low emission alternatives. This is in line with Vietnam’s national policy on industrialisation and modernisation to meet economic growth and sustainable development goals.
The World Bank, one of the agencies running the Multilateral Fund for the Implementation of the Montreal Protocol, has been engaged in ODS phase-out activities in Vietnam since early 2000s.-VNA
The endowment is from the Multilateral Fund for the implementation of the Montreal Protocol on ozone-depleting substances.
The project will apply the latest technologies to phase out 1,275 tonnes of HCFCs from foam-producing enterprises, and support policies, regulations and offer technical assistance to reduce HCFC consumption.
The Montreal Protocol requires a gradual decline commencing in 2013, leading to the complete end of HCFC consumption and production by 2030 in developing countries.
The HCFC phase-out in Vietnam also aims to maximise climate-related benefits with the introduction of zero or low emission alternatives. This is in line with Vietnam’s national policy on industrialisation and modernisation to meet economic growth and sustainable development goals.
The World Bank, one of the agencies running the Multilateral Fund for the Implementation of the Montreal Protocol, has been engaged in ODS phase-out activities in Vietnam since early 2000s.-VNA
