Environment

Lower greenhouse gas emission project gets approval

The Prime Minister has approved a technical assistance project on “mainstreaming climate change mitigation into national infrastructure in the areas of energy and transport”.
Lower greenhouse gas emission project gets approval ảnh 1Trees planted in Binh Duong New City in Binh Duong province (Photo: VNA)

Hanoi (VNA) - The Prime Minister has approved a technical assistance project on “mainstreaming climate change mitigation into national infrastructure in the areas of energy and transport,” under the framework of the Clean Technology Fund (CTF).

The Asian Development Bank (ADB) - funded project aims at providing assistance to relevant bodies to effectively implement measures to lower greenhouse gas (GHG) emissions in energy and transport.

The project’s activities include developing and strengthening measuring, reporting and verification systems (MRVs) for CTF projects, preparing and implementing transport and energy sector mitigation guidelines, and enhancing and coordinating agencies’ capacity in climate change mitigation.

The project will be implemented in three years after approval. It has a total cost of 1,052,000 million USD, 952,000 USD of which comes from non-refundable official development assistance (ODA), with the remainder from corresponding funds.

The PM has instructed the Ministry of Natural Resources and Environment (MONRE), the State Bank of Vietnam (SBV) and other related bodies to process required procedures in accordance with current laws.

Vietnam has conducted numerous activities to tackle climate change, striving to cut greenhouse gas emissions by 25 percent by 2030.-VNA

VNA
#Clean Technology Fund#climate change#ADB#lower greenhouse gas emissions
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