Vietnam seeks additional worldwide cooperation in equitable vitality transition | Surroundings

Vietnam seeks further international cooperation in equitable energy transition hinh anh 1The high-level occasion seeks to strengthen worldwide coordination, notably emphasising South-South collaboration within the simply vitality transition. (Picture: VNA)

Hanoi (VNA) – The Ministry of
International Affairs and the United Nations Growth
Programme (UNDP) on Could 26
hosted a global
workshop to reinforce cooperation, encourage data switch, and promote
expertise sharing within the simply vitality transition.

workshop convened senior authorities representatives
from the three international locations with Simply Power Transition Partnerships (JETPs) –
South Africa, Indonesia, and Vietnam – in addition to representatives from different
seven growing international locations with a robust curiosity within the vitality transition, to
create a discussion board for them to study from each other.

workshop additionally introduced collectively representatives from the Worldwide Companions
Group (IPG), the Glasgow Monetary Alliance for Web Zero (GFANZ), growth
companions, key Vietnamese ministries and representatives from 63 provinces, and different

high-level occasion seeks to strengthen worldwide coordination, notably
emphasising South-South collaboration within the simply vitality transition.
Moreover, it goals to advertise mutual understanding on finance amongst various

the crucial of limiting the worldwide common temperature enhance to 1.5 levels Celsius above pre-industrial ranges because the Paris Settlement mandates, the workshop
emphasises the necessity for revolutionary, equitable, and sustainable approaches to
decarbonise economies and obtain local weather and growth goals. The
idea of a simply vitality transition is recognised as a catalyst for reaching the Sustainable Growth Targets (SDGs),
fostering job creation, enhancing entry to wash vitality, and constructing

To grasp the
simply vitality transition, growing international locations require multi-faceted
worldwide help within the type of finance, expertise, data, and
capability constructing to successfully decarbonise their economies and set up low-carbon
growth pathways.

Talking on the
occasion,  Do Hung Viet, Deputy Minister of International Affairs, mentioned that Vietnam is without doubt one of the international locations most affected by
local weather change, usually hit by floods, droughts, sea stage rise, and excessive climate occasions.

The nation’s central growth coverage has
at all times been to constantly construct a inexperienced, round, and eco-friendly economic system. Though
simply vitality transition will deliver many advantages, it’ll additionally pose many
difficulties and challenges for growing international locations, together with Vietnam in guaranteeing
socioeconomic growth and guaranteeing the pursuits of the state, folks, and companies.

He emphasised the necessity for a simply vitality transition. Accordingly, every nation must
give full consideration to the rights of all folks and depart nobody behind. Nations which have emitted numerous greenhouse gases prior to now have to
fulfil their historic duty, supporting growing international locations in
finance, expertise, and capability constructing.

Power transformation in growing
international locations ought to have an acceptable roadmap, considering the
situations and circumstances of every nation.

Khalidi, UNDP Resident Consultant in Vietnam mentioned that local weather and revolutionary finance – each home and international, and each
personal and public – is of paramount significance within the vitality transition.

can create beneficial situations for personal funding by setting up
forward-looking and clear regulatory and pricing regimes, and thru
strategic public investments in important infrastructure, she mentioned.

The vitality
transition must be truthful and equity-driven for growing international locations to
transition sustainably to low-carbon economies and set up climate-resilient
trajectories whereas realising their sustainable growth goals. The
vitality transition should be simply and inclusive for employees, native communities,
and affected folks by the creation of recent financial alternatives, job
creation, reskilling, capacity-building, and enhancing social security
nets, she mentioned./.

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