Vietnam launches green growth initiative

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Ba Be National Park in Northern Vietnam

Vietnam’s government has set out a green initiative in an effort to help cut greenhouse gas emissions. The green growth strategy, announced by the nation’s Prime Minister, sets out environmental targets for the country between now and 2020.

Reports claim the nation aims to cut greenhouse gas emissions by around 8-10 per cent compared to the levels recorded in 2010.

The government’s plans include cutting energy usage in transport and industrial activities. It also aims to cut its dependence on fossil fuels by increasing the use of renewables.

Nguyan Van Tai, Director of the Institute of Strategy and Policy on Natural Resources and Environment said although Vietnam has seen an increase in greenhouse emissions in the last few decades, they are still low compared to other developed countries.

According to estimates, Vietnam emits around 1.9 tonnes of carbon every year, compared to 0.3 tonnes in 1990. This figure is expected to reach around 5 tonnes by 2030.

Reports claim Vietnam is the first developing country in the Asia-Pacific region to independently create its own green strategy with the aim of switching to a low carbon economy.

Funding for the green growth strategy will come from the government, investors and international aid. For example, Germany on October 11has pledged to provide $350 million in aid to Vietnam of which a Significant portion will be used for environmental protection initiatives and green projects.

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Reading Time: 1 minute

Ba Be National Park in Northern Vietnam

Vietnam’s government has set out a green initiative in an effort to help cut greenhouse gas emissions. The green growth strategy, announced by the nation’s Prime Minister, sets out environmental targets for the country between now and 2020.

Reading Time: 1 minute

Ba Be National Park in Northern Vietnam

Vietnam’s government has set out a green initiative in an effort to help cut greenhouse gas emissions. The green growth strategy, announced by the nation’s Prime Minister, sets out environmental targets for the country between now and 2020.

Reports claim the nation aims to cut greenhouse gas emissions by around 8-10 per cent compared to the levels recorded in 2010.

The government’s plans include cutting energy usage in transport and industrial activities. It also aims to cut its dependence on fossil fuels by increasing the use of renewables.

Nguyan Van Tai, Director of the Institute of Strategy and Policy on Natural Resources and Environment said although Vietnam has seen an increase in greenhouse emissions in the last few decades, they are still low compared to other developed countries.

According to estimates, Vietnam emits around 1.9 tonnes of carbon every year, compared to 0.3 tonnes in 1990. This figure is expected to reach around 5 tonnes by 2030.

Reports claim Vietnam is the first developing country in the Asia-Pacific region to independently create its own green strategy with the aim of switching to a low carbon economy.

Funding for the green growth strategy will come from the government, investors and international aid. For example, Germany on October 11has pledged to provide $350 million in aid to Vietnam of which a Significant portion will be used for environmental protection initiatives and green projects.

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