A photo of the GCF-Vietnam cooperation dialogue (Photo: VNA)Hanoi (VNA) – The Ministry of Planning and Investment(MPI), the UN Development Programme (UNDP) and the Green Climate Fund (GCF) onJune 26 announced a GCF-funded project to increase the resilience to climatechange for coastal residents in Vietnam.
The 29.5 million USD project, approved by the GCF in 2016,has been developed as a partnership between the UNDP, the Ministry ofAgriculture and Rural Development, the Ministry of Construction, the MPI andcoastal provinces.
It will focus on supporting communities vulnerable tonatural disasters to protect themselves from the impacts of frequent typhoonsand floods and improve their livelihoods.
Deputy Minister of Planning and Investment Nguyen The Phuongsaid that Vietnam has an urgent need for investment to mitigate climate changeimpacts, reduce risks and develop the low-carbon economy.
This project is the first step in the long-term strategicpartnership between Vietnam and the GCF, he stated, adding that the countryalso wants to contribute to the fund and share its experience with other GCF-supportedcountries.
Kamal Malhotra, UN Resident Coordinator and UNDP ResidentRepresentative in Vietnam, said that UNDP is working with the VietnameseGovernment on initiatives to strengthen the resilience to extreme climatephenomena for poor people in rural areas, many of whom are women and ethnicminorities.
Vietnam is one of the 30 countries rated as at “extremerisk” of climate change by Maplecroft, a global risk and strategic consultingfirm based in the UK, in its Climate Change Vulnerability Index within the next30 years via 42 socio-economic and environmental factors.
During 1992-2012, natural disasters claimed the lives of 457people, destroying over 96,000 houses, and caused losses equivalent to 1.3percent of GDP each year.
The rate of poor households accounts for 23 percent incoastal areas, two times higher than the average rate of the country, which ispartly caused by natural disaster-related losses.
Vice Chairman of the People’s Committee of the centralcoastal province of Thanh Hoa, Nguyen Duc Quyen said to cope with climatechange, it is necessary to mobilize resources from the private sector in theforms of public-private partnership, official development assistance (ODA) andaid of non-Governmental organisations.
He also stressed the need for the Government to upgrade seaand river dykes, improve the early disaster warning system, support poorhouseholds in production and build livelihood models adaptive to climatechange.
At the event, delegates also discussed Vietnam’s strategy toaccess the GCF with focus on the country’s strong commitments to climatechange, investment in climate change adaptation and green growth and strengtheningstrategic cooperation between Vietnam and the fund.-VNA
The 29.5 million USD project, approved by the GCF in 2016,has been developed as a partnership between the UNDP, the Ministry ofAgriculture and Rural Development, the Ministry of Construction, the MPI andcoastal provinces.
It will focus on supporting communities vulnerable tonatural disasters to protect themselves from the impacts of frequent typhoonsand floods and improve their livelihoods.
Deputy Minister of Planning and Investment Nguyen The Phuongsaid that Vietnam has an urgent need for investment to mitigate climate changeimpacts, reduce risks and develop the low-carbon economy.
This project is the first step in the long-term strategicpartnership between Vietnam and the GCF, he stated, adding that the countryalso wants to contribute to the fund and share its experience with other GCF-supportedcountries.
Kamal Malhotra, UN Resident Coordinator and UNDP ResidentRepresentative in Vietnam, said that UNDP is working with the VietnameseGovernment on initiatives to strengthen the resilience to extreme climatephenomena for poor people in rural areas, many of whom are women and ethnicminorities.
Vietnam is one of the 30 countries rated as at “extremerisk” of climate change by Maplecroft, a global risk and strategic consultingfirm based in the UK, in its Climate Change Vulnerability Index within the next30 years via 42 socio-economic and environmental factors.
During 1992-2012, natural disasters claimed the lives of 457people, destroying over 96,000 houses, and caused losses equivalent to 1.3percent of GDP each year.
The rate of poor households accounts for 23 percent incoastal areas, two times higher than the average rate of the country, which ispartly caused by natural disaster-related losses.
Vice Chairman of the People’s Committee of the centralcoastal province of Thanh Hoa, Nguyen Duc Quyen said to cope with climatechange, it is necessary to mobilize resources from the private sector in theforms of public-private partnership, official development assistance (ODA) andaid of non-Governmental organisations.
He also stressed the need for the Government to upgrade seaand river dykes, improve the early disaster warning system, support poorhouseholds in production and build livelihood models adaptive to climatechange.
At the event, delegates also discussed Vietnam’s strategy toaccess the GCF with focus on the country’s strong commitments to climatechange, investment in climate change adaptation and green growth and strengtheningstrategic cooperation between Vietnam and the fund.-VNA
VNA
