Vietnam wishes to strengthen international cooperation in energy transformation

Vietnam wishes to strengthen international cooperation in energy transformation
Vietnam wishes to strengthen international cooperation in energy transformation

A wind power project in Ninh Thuan province. Illustration: VNA

The workshop was held in a face-to-face and online format with the participation of high-level delegates from the governments of the three countries with the Equity Transition Partnership (JETPs) – South Africa, Indonesia and Vietnam – as well as delegates from 7 other developing countries with a strong interest in the energy transition, aims to create a forum for sharing experiences and learning from each other.

The workshop also brought together representatives from the International Partnership Group (IPG), the Glasgow Financial Alliance for Zero Net Emissions (GFANZ), development partners, key ministries of Vietnam. and delegates from 63 provinces, cities, and other stakeholders, to promote dialogue and increase understanding for a rapid and sustainable equitable energy transition.

The event aims to strengthen international coordination, especially emphasizing South-South cooperation in the equitable energy transition, while promoting mutual understanding in finance.

The workshop also emphasized the importance of “fair” aspects of the energy transition; wishes to support energy transition efforts between countries and promote national energy transition programs and goals.

Addressing the requirement to limit the increase in average global temperature to 1.5 degrees Celsius above pre-industrial levels as required by the Paris Agreement, the Workshop emphasized the need for approaches innovative, equitable and sustainable decarbonization of economies and achievement of climate and development goals. The concept of equitable energy transition is recognized as a catalyst for achieving the Sustainable Development Goals (SDGs), promoting more job opportunities, increasing access to clean energy and building build resilience.

To realize an equitable energy transition, developing countries need multifaceted international support in the form of finance, technology, knowledge and capacity building to decarbonize their activities. economy in an efficient way and establish a low-carbon development roadmap.

Speaking at the workshop, Deputy Minister of Foreign Affairs Do Hung Viet expressed concern about the increasing impacts of climate change on a global scale as well as in Vietnam, thereby affirming the consistent and transnational policy. Vietnam’s transparency is its determination to respond to climate change; building a green, circular and environmentally friendly economy.

The Deputy Minister highly appreciated Vietnam’s strong commitments at the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26) and decided to join the Partnership on Energy Transition. JETP with a number of G7 countries and other international partners in order to both serve socio-economic development in the country and join hands with the international community to respond to climate change.

The Deputy Minister said that the energy transition process needs to ensure the interests of the State, people and businesses, contribute to socio-economic development, ensure energy security, and ensure people’s access to energy. affordable energy, support for those impacted by the transition.

Deputy Foreign Minister Do Hung Viet also emphasized that the energy transition should be fair. Accordingly, each country needs to give full attention to the rights of all people and leave no one behind, countries that have emitted a lot of greenhouse gases in the past need to fulfill their historical responsibility, supporting developing countries in finance, technology and capacity building, energy transformation in developing countries should have an appropriate roadmap, taking into account the conditions and circumstances of each country.

The Deputy Minister especially emphasized the importance of strengthening international cooperation and sharing experiences for equitable energy transition efforts.

The seminar program consists of three sessions. Session 1 focused on governance, planning and investment during JETP implementation, including the establishment of the JETP Secretariat in Indonesia, the development of the JETP Investment Plan in South Africa and overall priorities. Session 2 delves into the financial, technical and social aspects of energy transition implementation. Session 3 provides an opportunity to discuss ways to make the energy transition fair and inclusive together.

Ms. Ramla Khalidi, UNDP Resident Representative in Viet Nam, said that innovation and climate finance – both at home and abroad, both the private and public sectors – are of prime importance in the transition. energy exchange. For developing countries, the energy transition needs to be fair and equity-based. The energy transition must be equitable and inclusive for workers, local communities and affected people through the creation of new economic opportunities, job creation and re-skilling, building capacity building and strengthening of social safety nets.


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