The funding mobilised from foreign aid and preferential loans for such projects has aggregated nearly US$1 billion since 2010.
Noticeably, the Danish Government financed a US$40 million programme in non-refundable aid to help Vietnam increase its climate change adaptability and ease the impact caused by natural phenomena.
The Ministry of Industry and Trade, MoNRE and the provinces of Quang Nam and Ben Tre have worked together to ensure the progress of the programme.
Through policy dialogues, the Support Programme to Respond to Climate Change (SP-RCC), promoted by the Japanese and French governments, aims to strengthen activities cutting down greenhouse gas emissions in Vietnam.
As much as US$270 million was mobilised for the SP-RCC by a number of foreign sponsors from the World Bank (WB), Canada, the Republic of Korea, and Australia.
Meanwhile, the US$250 million from the WB’s Clean Technology Fund (CTF) for the National Investment Programme will target energy saving for Vietnam’s industrial sector and boost the development of green energy.
The stakeholders have established action plans, focusing on evaluating the negative impact caused by climate change on technical facilities, work at sea and on islands and the livelihood of vulnerable groups and poor people. They have also planned to get all social classes involved in the activities to respond efficiently to climate change.
Vietnam effectively uses foreign aid to cope with climate change
The Ministry of Natural Resources and Environment and other relevant ministries and localities have effectively implemented foreign-funded projects to help the country raise its climate change adaptability.
The Ministry of Natural Resources and Environment (MoNRE) and other relevant ministries and localities have effectively implemented foreign-funded projects to help the country raise its climate change adaptability.
Source: VNA
