According to President Nguyen Xuan Phuc, transition to a green economy with zero emissions is an inevitable trend and an urgent order. This is a challenge but also brings great opportunities and benefits in terms of creating new jobs, ensuring energy security and enhancing the competitiveness and sustainability of the economy.
“Vietnam is determined to follow this trend”, the State President emphasized. He affirmed that Vietnam will continue to drastically reduce coal power; to rapidly increase the rate of renewable energy to 20% of the total primary supply by 2030 and reach 30% to 2045; Emissions per total GDP to 2030 decrease by nearly 15% and methane emissions in agricultural production decreased by 10%. From the beginning of April, Vietnam has started a program of planting one billion trees to 2025, which will absorb 2-3% of its emissions by 2030.
The President also noted three issues with the leaders of the countries.
First, the transition must be fair and inclusive, equal in terms of opportunities and benefits of the people, consider the people as the center, not let anyone “be left behind” and be the people and businesses. Scientists support, join hands to act.
Second, along with taking the lead in strong commitments to reduce emissions, developed countries need to increase practical assistance to developing countries, including Vietnam, in terms of finance and new technology development. Green energy, efficient and high-quality infrastructure construction associated with job creation.
“We appreciate and look forward to receiving support from the U.S. International Climate Finance Plan and many other international financial mechanisms, including from international companies and corporations,” the President stated.
Third, the realization of the logistics climate goals that are appropriate for each country, including changing lifestyles, ways of production and working and should be integrated into development strategies and plans nation; Each country must first endeavor and use effectively international resources. At the same time, there should be a national mechanism for monitoring and evaluating performance and improving resilience.
Source: ndh.vn – Translated by fintel.vn