Green growth - sustainable business solution amidst climate change

Green growth is a sustainable business solution amidst climate change at present, experts commented during a workshop in Ho Chi Minh City on April 19
Green growth - sustainable business solution amidst climate change ảnh 1At the event (Source: VNA)
HCM City (VNA) – Green growth is a sustainable businesssolution amidst climate change at present, experts commented during a workshoporganised by the Ho Chi Minh City chapter of Vietnam Chamber of Commerce andIndustry (VCCI) on April 19.

Speaking at the event, Deputy Director of the HCM Citychapter of VCCI Nguyen The Hung said Vietnam is one of the countries hardesthit by climate change that killed and left 300 people missing and caused a lossof 1-1.5 percent of gross domestic product (GDP) each year. In 2017 alone,economic losses caused by climate change and natural disaster amounted to nearly60 trillion VND (2.67 million USD).

Associate Professor Phung Chi Sy, Director of theEnvironmental Technology Centre under the Vietnam Association for Conservationof Nature and Environment, said green growth could be achieved via savingenergy, materials and water, cutting workforce cost and environment fees,reducing emissions and using eco-friendly materials, thus contributing torealising the national strategy on climate change.

Sy suggested improving the efficiency of energy use,especially in manufacturing, transport and trade while cutting greenhouseemissions via organic agricultural development and facilitating new greenindustries.

Each industrial firm needs to devise its own green growthplan towards sustainable development during the fourth industrial revolution4.0 in Vietnam until 2030 with orientations to 2050, he said.

Nguyen Xuan Hien, Executive Director of the Ingreetech LtdCompany, underscored the need to issue incentives regarding land lease andincrease solar power prices.

Lecturer of the Ho Chi Minh City University of NaturalResources and Environment Nguyen Hong Son said clean production cost inagriculture is two or three times higher than that in traditional method sothat consumption remains limited.

If farming coverage and output is expanded, supply will begreater than demand, leading to prices decrease, he said. He proposed thatState agencies should strictly punish polluting production facilities and encouragepublic use of clean and safe good.-VNA

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