WB supports emission reduction programme in central region hinh anh 1At the meeting (Source: VNA)

Hanoi (VNA) – The World Bank (WB)’s Carbon Finance Unit approved a resolution on supporting the Reducing Emissions from Deforestation and Forest Degradation (REDD ) programme in the Northern central coast Vietnam in line with the results-based payments at a meeting in Paris on February 1.

Speaking at the event, Deputy Minister of the Ministry of Agricultural and Rural Development (MARD) Ha Cong Tuan highlighted Vietnam’s efforts and successes in escaping from poverty and promoting sustainable development over the last 30 years, saying that the country completed almost all Millennium Development Goals ahead of schedule, especially those regarding poverty reduction.

Vietnam is responsibly realising its commitments to coping with climate change, reducing greenhouse emission by 8 percent, even up to 25 percent by 2030 if the country get international support and cooperation, he said, adding that the country regards the REDD as a vital measure to promote the ambitious goal.

Tuan took this occasion to thank donors and international organisations for assisting Vietnam in preparing for the implementation of the REDD in recent years.

Vietnam hopes to continue receiving assistance from international friends, and the country is willing to join hands with the international community in implementing the REDD , he said.  

While joining the meeting, the official worked with the Director of the WB’s Carbon Finance Unit, and had a bilateral discussion with Deputy Minister of Land, Environment and Rural Development of Mozambique Celmira da Silva on issues of common concern. He also met with representatives Green Climate Fund (GCF) to put Vietnam’s proposal for the REDD in the Central Highlands.

According to the MARD, Vietnam is the first country in Asia and the seventh in the world that is joining the Forest Carbon Partnership Facility (FCPF) managed by the WB.

Vietnam’s forest area has ceaselessly increased from 28 percent in 1990 to 41.45 percent in 2017. -VNA