Việt Nam pledges responsible contributions to climate change response

An overview of a discussion as part of the Green Future Week held prior to the P4G Summit. VNA/VNS Photo

Vietnamese Prime Minister Phạm Minh Chính will attend the Partnering for Green Growth and the Global Goals 2030 (P4G) Summit via videoconference later on Monday, at the invitation of President of the Republic of Korea Moon Jae-in.

Việt Nam is one of the seven founding members of P4G and has taken various actions to show its determination to work with member countries to realise the global green goals in 2030.

In September 2017, Việt Nam attended a ceremony to announce the P4G forum in New York as an official partner. On July 5, 2018, Việt Nam announced the formation of its National P4G Forum.

From October 19-20, 2018, Việt Nam attended the first P4G Summit, during which then-Prime Minister Nguyễn Xuân Phúc said policy-makers and the business community should share information and give policy recommendations and financial mechanisms to promote potential green growth projects.

Along with the participation in P4G, over the years, Việt Nam has contributed to the efforts of the international community in responding to climate change and speeding up green recovery.

Việt Nam has engaged in multilateral mechanisms on climate while integrating climate change issues into its official documents. On April 22 this year, President Nguyễn Xuân Phúc attended the virtual Leaders Summit on Climate chaired by US President Joe Biden, where he explained Việt Nam’s commitment to take drastic actions to respond to climate change.

On March 25, PM Chính approved a project to develop climate-resilient urban areas in Việt Nam in 2021-30.

Việt Nam’s participation in the P4G Summit shows the country’s responsible contributions to sustainable development, green growth and response to climate change.

Through the event, Việt Nam hopes to promote international co-operation in prioritised issues of the country, including sustainable development, investment, trade, environment, renewable energy, the realisation of sustainable development goals, and response to climate change in the Mekong Delta. Việt Nam also wants to accelerate the strategic partnership with the Republic of Korea.

The P4G was formed in 2017 as an initiative of Denmark. So far, it has 12 members and the engagement of more than 90 countries, international organisations as well as businesses across the globe.

P4G is a global platform pioneering green partnerships and providing market-based solutions in developing countries. It mobilises a global ecosystem consisted of countries, organisations, corporations and civil societies committed to making progress in delivering the UN Sustainable Development Goals (SDGs) and the Paris Agreement.

P4G contributes to the development of national climate agendas, global campaigns, and coalitions with a focus on finding market-based solutions, mobilising the private sector and institutional finance to deliver sustainable economic growth.

As a steppingstone to COP26, the P4G Summit will provide a momentous opportunity for participating countries to raise their ambitions, share cutting-edge solutions and build ideas that can bring the net-zero vision closer to realisation.

The P4G Summit 2021 is considered an important event as climate change response and green recovery has become a top priority of many countries. It is expected to promote the determination and commitments of the international community and prepare for COP 26 which is slated for November this year.

This year, under the theme 'Inclusive Green Recovery Towards Carbon Neutrality', the summit was held in the form of a videoconference. — VNS