Tuesday, November 21 2017

VietNamNews

Việt Nam urged to generate funds for green growth

Update: January, 14/2017 - 09:31
A meeting was held in Hà Nội yesterday to report on the implementation of the Việt Nam National Green Growth Strategy in the 2012-16 period. — Photo kinhtevadubao.vn

HÀ NỘI — A meeting was held in Hà Nội yesterday to report on the implementation of the Việt Nam National Green Growth Strategy in the 2012-16 period. 

The event was jointly held by the Ministry of Planning and Investment (MPI), the US Agency for International Development (USAID), and the United Nations Development Programme (UNDP). 

Director General of the MPI’s Department of Science, Education, Resources and Environment, Phạm Hoàng Mai, said five ministries and 30 cities and provinces in the country had built and were implementing their plans of action on green growth. 

Việt Nam participated in the Paris Agreement adopted at the 21st Conference of Parties (COP) in November 2015, and Government agencies had co-ordinated with development partners to realise the country’s commitments under the agreement, he said. 

In October 2016, the Government had promulgated a plan to implement the Paris Agreement and the Intended Nationally Determined Contribution (INDC) commitment, he added. 

Deputy Director of USAID in Việt Nam Craig Hart noted that while it was important to mobilise international financial resources for the purpose, it was necessary to improve the efficiency of domestic funding mechanisms. 

He cited as an example the collection of fees for forest services, which earns around US$60 million for the country each year. Last year, nearly 20,000 rural residents for the first time received payment for their forest care from this source. 

Meanwhile, Country Director of UNDP Louise Chamberlain proposed the Vietnamese Government put forth policies and long-term commitments to mitigate risks for investors in green growth and reform energy prices and investment encouragement mechanisms. 

She also recommended changing the methods of managing and supporting State-run businesses operating in the field of energy. 

Attracting investment and improving investment efficiency were essential to develop the green growth economy, she stressed. — VNS

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