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New Climate Innovation Centre opens

Update: December, 12/2015 - 10:07
A new business hub supporting local clean-tech enterprises was launched yesterday with a budget of US$4.2 million. — Photo baotainguyenmoitruong.vn
HA NOI  (VNS) — A new business hub supporting local clean-tech enterprises was launched yesterday with a budget of US$4.2 million.

The Vietnam Climate Innovation Centre (VCIC) aims to assist 48 clean-tech businesses within its first three years of operations, expanding access to new and improved climate-smart products and services to over 1,700 households.

The centre will provide financing, mentorship and advisory services to a number of local clean-tech entrepreneurs working in key sectors - energy efficiency, information, renewable energy, sustainable agriculture and water management.

The VCIC, which is an initiative of the World Bank Group's Climate Technology programme, is supported by the Australian Department of Foreign Affairs and Trade and the United Kingdom Department for International Development.

Viet Nam is one of the five countries most vulnerable to climate change and the government sees clean technologies as key to reduce greenhouse gas emissions by 8 to 10 per cent between 2010 and 2020, and a further 1.5 to 2 per cent by 2050. — VNS


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