An overview of a discussion as part of the Green Future Week held prior to the P4G Summit (Photo: VNA)Vietnam will attend the event as one of the seven foundingmembers of P4G from July 7, 2017. Vietnam has taken various actions to showits determination and wish to work with other member countries to realise theglobal green goals in 2030.
On September 2017, Vietnam attended a ceremony to announce the P4G forum in New York asan official partner. On July 5, 2018, Vietnam announced the formation of itsNational P4G Forum.
From October 19-20, 2018, Vietnam attended the first P4G Summit,during which the Vietnamese Prime Minister underlined that policy-makers andthe business community should share information and give policy recommendations andfinancial mechanisms to promote potential projects on green growth.
Along with the participation in P4G, over the years, Vietnam hasactively contributed to joint efforts of the international community inresponding to climate change and speeding up green recovery.
Vietnam has engaged in multilateral mechanisms on climate,while integrating climate change issues into its official documents. On April 22,2021, President Nguyen Xuan Phuc attended the virtual Leaders
Summit on Climate chaired by US President Joe Biden, where he affirmed Vietnam’s commitment to takedrastic actions to comprehensively respond to climate change.
On March 25, 2021, the Vietnamese PM approved aproject to develop climate-resilient urban areas in Vietnam in the 2021-2030period.
Vietnam’s participation in the P4G Summit continues toaffirm the country’s responsible contributions to sustainable development,green growth and response to climate change.
Through the event, Vietnam hopes to promote internationalcooperation in prioritised issues of the country, including sustainabledevelopment, investment, trade, environment, renewable energy, realisation of sustainabledevelopment goals, and response to climate change in theMekong Delta region. Vietnam also wants to continue to accelerate the strategicpartnership with the Republic of Korea.
The P4G was formed in 2017 as an initiative of Denmark.So far, it has 12 members and the engagement of more than 90 countries,international organisations as well as businesses across the globe.
P4G is a global platform pioneering green partnerships andproviding market-based solutions in developing countries. It mobilises a globalecosystem consisted of countries, organisations, corporations and civilsocieties committed to make a progress in delivering the UN SustainableDevelopment Goals (SDGs) and the Paris Agreement.
P4G directly contributes to the development of nationalclimate agendas, global campaigns, and coalitions with a focus on findingmarket-based solutions, mobilising the private sector and institutional financeto deliver sustainable economic growth.
As a steppingstone to COP26, the P4G Summit will provide amomentous opportunity for participating countries to raise their ambitions,share cutting-edge solutions and build ideas that can bring the net zero visioncloser to realization.
The P4G Summit 2021 is considered an important event as climatechange response and green recovery has become a top priority of many countries.It is expected to promote determination and commitments of the internationalcommunity and prepare for the COP 26 which is slated for November this year.
So far, leaders of more than 40 countries and 21international organisations have confirmed their attendance at the summit.
P4G aims to deliver solutions and impacts in five thematicareas: Water, Energy, Food and Agriculture, Circular Economy and Cities.
This year, under the theme "Inclusive Green RecoveryTowards Carbon Neutrality”, the summit will be held in the form ofvideoconference./.
VNA
