JETP backs Vietnam’s net-zero target by 2050: Deputy Minister
The Just Energy Transition Partnership (JETP) will help Vietnam and many other developing countries realise their net-zero emissions targets by 2050, and shift to the use of clean energy, Deputy Minister of Industry and Trade Nguyen Hoang Long said at a working session with Norwegian Ambassador to Vietnam Hilde Solbakken in Hanoi on September 18.
At the working session between Deputy Minister of Industry and Trade Nguyen Hoang Long and Norwegian Ambassador to Vietnam Hilde Solbakken. (Photo: VNA)
Hanoi (VNA) – The Just Energy Transition Partnership (JETP) will help Vietnam and many other developing countries realise their net-zero emissions targets by 2050, and shift to the use of clean energy, Deputy Minister of Industry and Trade Nguyen Hoang Long said at a working session with Norwegian Ambassador to Vietnam Hilde Solbakken in Hanoi on September 18.
Long said, to effectively carrying out the JETP, the Ministry of Industry and Trade established eight working groups focusing on developing offshore wind power, renewable energy centre, and smart power grid, providing training to improve energy transition capacity, and developing green hydrogen, among others. The groups have contributed initiatives to implementing National Power Development Plan VIII, as well as bolstering the development of renewable energy in Vietnam, he said.
Regarding Norway’s energy investment projects in Vietnam, the official said as the projects are under the development plan, they will enjoy preferences and support from JETP’s partners, adding the ministry stands ready to join hands with the embassy and localities to accompany Norwegian enterprises.
He highlighted the close Vietnam – Norway relations, and expressed his belief that Norway, which boasts strengths in key industrial sectors, will assist Vietnam in developing its economy and energy sector.
Solbakken, for her part, spoke highly of the ministry’s programmes and actions in implementing the JETP, saying the establishment of the working groups is a vivid demonstration for its resolve in energy transition.
The ambassador affirmed that supporting Vietnam in the p𝕴rocess is among the priorities of Norway as a partner of the JETP./.
As one of the countries most severely affected by climate change, Vietnam has been making great efforts to cope with climate change and pursue sustainable green development.
Prime Minister Pham Minh Chinh on December 1 announced a Resource Mobilisation Plan to implement the political declaration on establishing a Just Energy Transition Partnership (JETP) between Vietnam and the International Partnership Group (IPG), on the occasion of his attending the COP28 in Dubai, the UAE.
Green development, energy transition, and greenhouse gas emission reduction are inevitable, irreversible trends that Vietnam must take part in. They are also an opportunity to develop and restructure the economy in a green, clean and sustainable direction.
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