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Congratulations on Belgian National Day LEADERS

COP26 COMMITMENT

BEING BROUGHT TO LIFE

At the third Major Economies Forum on Energy and Climate, held by US
President Joe Biden, Vietnam shared the steps it has taken to implement the
net-zero emissions commitment it made at COP26.

QUOC UY Reports
uthorized by Prime Minister Pham
Minh Chinh, Minister of Natural
A Resources and Environment Tran
Hong Ha remotely attended the third
Major Economies Forum on Energy and
Climate (MEF) held by US President Joe
Biden on June 17.
According to the White House, Presi-
dent Biden convened this third MEF to
build on the progress achieved at the 2021
United Nations Climate Change Conference
(COP26) in Glasgow last November on
further strengthening climate action, while
also addressing urgent energy and food
security concerns arising from the military
conflict in Ukraine.
Participants, including Vietnam, shared
the steps they are taking to strengthen
their national climate efforts, and many
joined the US in initiatives to cut methane
emissions, speed up the commercialization
of critical technologies, put more zero-
emission vehicles on the road, decarbonize
ocean-based shipping, and increase fertilizer
efficiency and alternatives.
Prime Minister Chinh attended the COP26
gathering, where he committed to Vietnam
achieving net-zero emissions by 2050.
Addressing the third MEF, Minister and transport, among others, to achieve on cooperation in developing clean energy.
Ha noted that the Vietnamese Government net-zero emissions by 2050. Forest carbon Earlier, in March, at a meeting with
has accelerated the implementation of this absorption will be increased, while reducing Ambassador of Norway in Vietnam, H.E.
commitment, and energy transformation methane emissions from agricultural pro- Grete Løchen, and Ambassador of Finland
is among the many policies adopted. duction and animal breeding, decarbonizing in Vietnam, H.E. Keijo Norvanto, EVN
He also quoted the draft National Power ocean-based shipping, and developing zero General Director Tran Dinh Nhan stressed
Development Plan 8 for the 2021-2030 emissions transport, he said. that Vietnam needs support and assistance
period and vision to 2045, which has been To reach net-zero emissions globally, from countries and international financial
appraised by the National Appraisal Council he added, all nations, developing and devel- organizations on transforming to a suitable
and is expected to be approved shortly by oped, must act cooperatively. energy structure.
the Prime Minister, which states that the Vietnam is actually looking for different The Norwegian Ambassador expressed
proportion of renewable energy (excluding cooperation channels in its climate efforts. her appreciation of Vietnam’s commitment
hydroelectric sources) will account for 16.5 Electricity of Vietnam (EVN) is pushing to achieving net zero emissions by 2050.
per cent of the country’s total power gen- ahead with cooperative efforts with foreign She said Norway will prioritize cooperation
eration capacity by 2030 and 30.8-45.4 partners to accelerate the development of with the country in developing renewables,
per cent by 2045. renewable energy in order to implement including solar power and offshore wind
Vietnam has great potential for devel- Vietnam’s COP26 commitment. power, and that the Norwegian Govern-
oping wind power, with an estimated Accompanying Prime Minister Chinh ment will provide financial support in this
capacity of 311 GW, thanks to its 3,260- during his working trip to the US from regard. The Finnish Ambassador, for his
km coastline, the Minister added. May 11 to 17, EVN Chairman Duong Quang part, affirmed that Finland is ready to
He told the meeting that Vietnam is Thanh held a working session with the provide all possible support, including
preparing for negotiations with G7 countries Regional Director of the World Bank’s financial, for Vietnam’s energy transition
on establishing equal energy transformation Infrastructure Department in the East Asia and in realizing its COP26 commitment.
partnerships. The country is also mapping and Pacific region, Ranjit Lamech, and WB It is believed that with great effort, Vietnam’s
out a plan for sectors such as agriculture Country Director for Vietnam Carolyn Turk COP26 commitment can come true. %

www.en.vneconomy.vn JULY 2022 | VIETNAM ECONOMIC TIMES | 3