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    • Vietnam takes action in GHG reduction

    Vietnam has given top priority to measures aimed at reducing Greenhouse gas (GHG) emissions, and those that promote climate change resilience, with the aim of seeing an 8 percent GHG reduction by 2030.
    Vietnam takes action in GHG reduction ảnh 1Participants pose for a photo at the 2018 Green Climate Fund (GCF) Structured Dialogue with Asia in Da Nang (Photo: VNA)
    Da Nang (VNS/VNA) - Vietnam hasgiven top priority to measures aimed at reducing Greenhouse gas (GHG)emissions, and those that promote climate change resilience, with the aim ofseeing an 8 percent GHG reduction by 2030.

    Vice Minister of Investment and Planning NguyenThe Phuong made these remarks at the 2018 Green Climate Fund (GCF) StructuredDialogue with Asia in Da Nang on April 17.

    He also said that Vietnam would hitits committed target in sustainable development if the country was to receivepositive support and funding from the Global Climate Fund (GCF) and itspartners in the coming year.

    “Many measures have been taken by thegovernment to raise awareness among communities and businesses on the issue ofclimate change and GHG emissions. The Government has assigned VietnamElectricity Group to buy renewable power from companies, and encouraged theadoption of ‘green’ technology among new investors in energy,” said Phuong.

    He added that private sector and possibleGHG emissions industries including construction, agriculture, traffic and‘smart consumption’ have been promoted, while recycling rubbish, the non-use ofplastic, and solar and wind power projects have been set as key ‘green’industries in 2020.

    Phuong said at the GCF’s meeting last yearin the Republic of Korea that a non-refundable project worth 30 million USD wasgiven to Vietnam, and the GCF is considering one more project with a funding ofbetween 30 million USD and 40 million USD for the country later this year.

    He said that "Vietnam hosting the 2018GCF Structured Dialogue demonstrates how committed the country is to reachingthe green target". He also noted the country’s participation in the ParisClimate Agreement (an agreement within the United Nations Framework Conventionon Climate Change dealing with greenhouse gas emissions mitigation).

    The four-day dialogue, which drew theparticipation of more than 130 deputies from 30 Asian countries, will provide aunique venue for these stakeholders to share their experiences in engaging withthe GCF across key areas, and highlight strategic opportunities for increasingambition for climate action in Asia, as well as to identify opportunities forregional cooperation. The discussions will also focus on further developing andrefining country specific programmes.

    A key objective of GCF dialogues is todetermine which priorities identified by country strategies and programmeswould be most appropriate for GCF support, given its established investmentcriteria. The 2017 Green Climate Fund (GCF) Structured Dialogue in Baliidentified a roadmap of initial climate actions valued at about 9.6 billion USD,with a requested 2.4 billion USD GCF support in a diverse set of impact areas.

    Vietnam is one of the most energy intensivecountries in East Asia, and the energy intensity of its GDP is steadilyincreasing. Improving energy efficiency is the lowest cost option to reducingits greenhouse gas emissions and improve its energy security. According to GCF,GHG emissions are continuing to rise, making the globally agreed target ofkeeping atmospheric temperature increase below two degrees Celsius more andmore difficult to achieve.

    The current trajectory of GHG emissionsrates will cause global temperatures to increase by four degrees Celsius by theend of this century.

    Businesses in Da Nang’s Lien Chieu IndustrialZone (IZ) have applied environmentally-friendly technologies with the aim ofreducing their GHG emissions by five percent by 2020.

    The city has committed to reducing emissionsof carbon by 25,300 tonnes, alongside a reduction in power consumption from 51million kilowatts per hour to 45.2 million kilowatts per hour, by 2020.

    The city has already cut 12,000 tonnes ofcarbon emissions through a pilot project in the 2008-2011 period.-VNA
    VNA

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