Vietnam reiterates strong climate commitments at the 27th UN Climate Change Conference (COP27), taking place in Egypt.
Minister of Natural Resources and Environment Tran Hong Ha, who leads the Vietnamese delegation to the event, told Vietnam News Agency (VNA) that Vietnam and other countries at the conference will work to perfect mechanisms and policies to mobilize resources from developed countries. for the implementation of the commitments.
The funds should be allocated transparently and equally to developing and underdeveloped countries making efforts to reduce greenhouse gas emissions and adapt to climate change, the minister noted.
He emphasized energy transition as a solution to climate change, on which Vietnam has drawn up a specific roadmap.
“The Vietnamese government has issued a climate change strategy and assigned specific tasks to ministries, agencies and municipalities,” Ha added.
Vietnam is working hard to deliver on the commitments using its internal resources and with the support of the international community, notably through the mechanisms of the COP26 agreement reached in the UK last year.
He said the Vietnamese delegation came to COP27 with three important tasks, one of which is to work with other UNFCCC members to find ways to realize the commitments and mechanisms achieved, and to set up new initiatives, mechanisms and policies to facilitate the energy transition. to be carried out firmly.
The second task is to maintain Vietnam’s pioneering role in energy transition, green transition and digital transformation, and the third is to mobilize resources and learn from the experience of developed partners, and participate in more initiatives, especially those in the field of financial mobilization and energy transition.
The delegation will undertake many bilateral activities with international organizations and companies in the field of energy transition, and meet with major financial institutions such as the World Bank.
He described COP27 as an opportunity for Vietnam to meet leading international organizations and financial institutions to discuss financial mechanisms and policies, and how to mobilize resources for Vietnam.
Under COP27, Vietnam will continue to engage in discussions with partners from the G7 and the enlarged G7 on a just energy transition for Vietnam and help the country seize preferential financing and technology transfer opportunities to meet its net-zero commitments.
@ Vietnam News Agency (VNA)