Minister of Natural Resources and Environment Trần Hồng Hà speaks at the event. – VNA/VNS Photo

CAIRO – A Vietnamese delegation led by Minister of Natural Resources and Environment Trần Hồng Hà attended an event regarding reducing greenhouse gas emissions in response to climate change held by the World Bank Group (WBG) on Tuesday.

The event was organised on the sidelines of the 27th United Nations Climate Change Conference of Parties (COP27) in the city of Sharm El-Sheikh in Egypt.

Speaking at the event, Hà introduced Việt Nam's projects, solutions and roadmaps to deliver on climate change commitments with the WB.

He spoke highly of the WB's initiatives as the world is speeding up the digital transformation process.

The WB has assisted Việt Nam with poverty reduction, development and green, digital and energy transformation. Việt Nam has made necessary changes to connect and unite with countries in the process of implementing WB-financed projects, he said.

The minister suggested the lender continue helping countries access funds and issue a priority strategy for the next period.

Speaking highly of the WB’s cooperation models in technical support packages and projects, he said Việt Nam wanted the WB to play an important role in energy transformation and continue effectively using financial resources related to climate change.

WB President David Malpass said Việt Nam’s projects have proven effective, and that the relationship between the WB and Việt Nam in transformation projects is a model for other countries.

The WB will continue to partner with Việt Nam, particularly in climate change response, he said.

Malpass also took this occasion to call on sponsors, the international community and the business community to set up climate-related trust funds.

Countries need to accelerate efforts to counter the fallout of climate change and speed up projects to reduce greenhouse gas emissions, he said. – VNS