Viet Nam actively materializes COP26’s commitments

Following the COP26 and COP27, under drastic instructions of the Prime Minister and the Steering Committee for implementing Viet Nam’s commitments at the COP26, ministries and sectors have spared no efforts to adopt projects, plans, strategies and action plans to reduce greenhouse gas emissions by 17-26 percent by 2030 and around 90 percent by 2050.

Governmental and local leaders have also worked with leaders of international organizations, foreign countries and financial institutions to facilitate access to financial resources, new knowledge and technologies in favor of green growth in Viet Nam.

Recently, the Ministry of Natural Resources and Environment (MNRE) released a report on offshore wind and wave energy potentials in favor of renewable energy development.

The ministry also suggested the Government to issue a legal basis for identifying priority green finance and green bond projects. 

It also promulgated a circular on technical guidances for measurement, reporting, and verification of Greenhouse Gas (GHG) mitigation and GHG Mitigation and GHG Inventory in the Energy and Industry Sectors.

Especially, the ministry has provided instructions for the implementation of the 2022 Nationally determined contribution (NDC).

Meanwhile, the Ministry of Industry and Trade (MoIT) submitted the Power Development Plan for the 2021-2030 period, with a vision to 2050 (PDP VIII) to the Prime Minister for approval and crafted a framework to develop renewable energy including ground solar, rooftop solar and floating solar.

The Ministry of Agriculture and Rural Development adopted an action plan on green house gas reduction (including methanol) for agriculture and rural development in the 2021-2030 with a vision towards 2050. The national plan on the implementation of the Glasgow Leaders’ Declaration on Forests and Land Use was also issued.

The Ministry of Transport submitted an action program on green energy transformation, reducing carbon and methane emissions in the transport sector.

The Ministry of Construction issued regulations on reporting and Verification (MRV) of emissions reduction in Viet Nam; put forward a roadmap on green urban infrastructure.

Meanwhile, some localities like Quang Nam, Son La and Lao Cai took active steps to implement forest protection measures and implement pilot projects on exchanging forest carbon credits.

A large number of localities applied climate change adaptation solutions in agriculture and enabled investment projects in renewable energy development projects.

Last but not least, several State-owned enterprises (SOEs) and economic groups also joined hands with the Government to minimize fossil-fuel energy resources and adopt plans for development of new energies such as hydrogen./.