COP27: Viet Nam reiterates strong commitments to climate change

Minister Tran is leading a Vietnamese delegation to the 27th UN Climate Change Conference (COP27), which is taking place in Egypt from November 6 to November 18. 

Minister Tran said that Viet Nam and other countries to the conference will strive to perfect mechanisms and policies to mobilize resources from developed nations for the implementation of the commitments.

Resources should therefore be allocated transparently and equally to developing and underdeveloped nations that are making great efforts to reduce greenhouse gas emissions and adapt to climate change, the Minister noted.

He highlighted energy transition as a solution to the impact of climate change, of which Viet Nam has set out a specific roadmap to follow.   

The Vietnamese Government has issued a strategy relating to climate change and assigned specific tasks to ministries, agencies, and localities, Minister Tran added.

Viet Nam  is working hard to materialize the commitments using its internal resources, as well as support from the international community, especially through mechanisms of the COP26 agreement reached in the UK last year, he said.

Three major tasks

According to the Minister, the Vietnamese delegation came to COP27 with three major tasks.

First, Viet Nam works with other UNFCCC members to figure out ways to realize these commitments and mechanisms, along with raising new initiatives, mechanisms, and policies to conduct energy transition.

Second, Viet Nam upholds the country’s pioneering role in energy transition, green transition, and digital transformation.

Third, Viet Nam mobilizes resources and learn from developed partners’ experience, as well as joining more initiatives, especially those on financial mobilization and energy transition.  

Moving forward, the delegation is scheduled to carry out a range of bilateral activities with international organizations and businesses relating to energy transition, in addition to holding meetings with major financial institutions such as the World Bank.

Mr. Tran described COP27 as an opportunity for the Vietnamese delegation to meet with leading international organizations and financial institutions to discuss financial mechanisms and policies, as well as assessing how to mobilize resources for Viet Nam.

Within the framework of COP27, the country will continue to hold discussions with partners from the G7 relating to energy transition, as well as helping the country to utilize opportunities in preferential financing and technology transfer to fulfill its net-zero commitments./.