The United Nations Development Program (UNDP) has pledged to mobilize resources for Vietnam’s new development phase to help the country improve its climate change response capacity, promote the energy conversion process as well as overcome bomb and mine consequences.
Administrator of the UNDP, Achim Steinerwho made this known when he met with the country’s Prime Minister, Pham Minh Chinh in New York said that the UNDP will assist Viet Nam in building socio-economic development policies and strategies in a greener, more sustainable and inclusive manner and attracting investment, finance and green technology.
Responding, PM Pham said that he would direct ministries and agencies to closely work with the UNDP to launch the recently-approved Country Program for Viet Nam for 2022–2026, focusing on such areas of green and sustainable socio-economic development and enhancement of climate resilience.
Read also: Study: Nearly half of fossil fuel sites have to close to meet global heating targets
He pledged that the country will sustain its policy consultation and technical cooperation with the UNDP in the fields of transition into a green economy, carbon neutrality and post-COVID-19 socio-economic recovery in a greener and more sustainable manner
Pham recommended the UNDP to consistently provide technical assistance for Viet Nam to reach an agreement on establishing energy transition partnerships with G7 nations.
He called on the UNDP to also support Viet Nam to develop a strategy for mobilizing climate financing from development partners as the country needs around US$350-400 billion to achieve net-zero carbon emissions by 2050.
Story was adapted from relief web.
