Chairing the 5th session of the National Steering Committee tasked with delivering on Vietnam’s commitments made at the 26th United Nations Climate Change Conference of the Parties (COP26), PM Chinh, who is also its head, underscored the necessity of pooling global resources, green financing, and transferring technology and expertise.
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PM Pham Minh Chinh chairs the meeting. |
Vietnam has emerged as a shining example in fulfilling its international commitments to combat climate change, he noted, adding that, the pledges made at COP26 have been swiftly integrated into legal documents, policies, strategies, and plans for coordinated implementation. This proactive approach has accelerated international cooperation in green development and energy transition, making Vietnam an increasingly attractive destination for foreign investors looking to engage in climate change mitigation and energy transition projects.
The PM urged the swift completion of institutional frameworks and mechanisms to pool resources, with a particular focus on public-private partnerships (PPP) for green growth.
He highlighted the need to accelerate scientific research, technological transfer, and innovation to advance Vietnam's renewable energy industry. This includes supporting industries and equipment for the production of renewable energy, biomass energy, green hydrogen, and green ammonia, and carbon capture, utilization, and storage technologies.
At the same time, it is also necessary to build new governance models to manage green transition and green growth, and develop a circular economy while developing quality workforce equipped with the latest technological knowledge to achieve the nation's green transition and just energy transition goals.
Specific goals were assigned to relevant ministries and the Commission for the Management of State Capital at Enterprises to ensure coordinated and effective implementation.
Regarding the Just Energy Transition Partnership (JETP) implementation, PM Chinh agreed in principle to approve the monitoring and evaluation framework for JETP, the list of priority projects, and eight specific projects under the partnership.
Addressing the Asia Zero Emissions Community (AZEC) initiative, he acknowledged Japan's proactive efforts and asked ministries and agencies to prepare for specific projects.
Source: VNA