Many of the UK’s newspapers, including the Financial Times, the Guardian andthe Independent, have reported Vietnam’s commitments to net zero by 2050 and tophase out coal power between 2030 and 2040.
Vice Chairman of the Vietnam-UK Network Paul Smith said Vietnamese PrimeMinister Pham Minh Chinh’s speech at COP26 was positive and well received. Hesaid it does not matter Vietnam is a low emitter. What matters is Vietnam’sleadership in South East Asia and the world in the global fight against climatechange.
Smith pointed out that PM Chinh, in his speech, has laid out an achievable planfor Vietnam to reach net zero by 2050. It was a real commitment from a countrypredicted to be one of the top 20 economies by 2050, he said, adding if Vietnamdoes not start the plan now, by 2050, it could be a leading economy andthus become a significant carbon emitter.
He said Vietnam now is in the great position to transform to green growthbecause it is a relatively new industrialised country and does not have thelegacy as the same way as developed countries, particularly those in the west.
Smith also spoke highly of Vietnam’s key values delivered by PM Chinh, whichare “discuss, work and win” and a bubble of unity, saying PM Chinh’s speech is acall for unity, which is needed in the global fight against climate change.
William Young, an environmental security expert at the Council on Geostrategy,said Vietnam’s commitments at COP26 have opened people’s eyes around the worldabout the leadership Vietnam is achieving in its fight against climate change,as well as the opportunities in Vietnam for economic growth on this subject.
Young said the Vietnamese PM is right when saying finance and technology aredecisive. The commitment of leadership by a nation is not only madedomestically, but also needs international support for that country to makeprogress.
He cited the caseof South Africa, which was included earlier this week in a funding programme toeliminate coal, followed by Indonesia. He added that he would not be surprisedif Vietnam will become part of that programme.
The environmental security expert pointed out that PM Chinh’s speech showed therecognition of the change in mood at the international level where a great dealof bilateral and plurilateral collaboration has been made. Different countriesnow work together not only at global level but at domestic level.
Whether the UK andVietnam, or Germany and South Africa, countries that wish to work togethershould work together. The key thing, as PM Chinh said, is they must “discuss,work and win” to reach the common goal, he said.
Young said the green transformation will create opportunities for collaborationin trade, business, export and others, and countries, industries and businessesthat capitalise those opportunities will become the most successful.
He pointed out that to tackle climate change, Vietnam should get wealthy and itwill and can do this by building industries and export capability. Vietnam, asone of the countries in the world hardest hit by climate change, needs to makeeconomic grow green and make it fast. And this will be one of the greatestprotection against the risk for rising sea level and increased extreme weather.
Smith agreed that the move to sustainability in energy and lower carbonemissions will generate tremendous opportunities in many areas, includingresearch and development, innovation, and manufacturing in a clean way thatwill itself create an economic boom. Given Vietnam has a young, bright andclever work force, the country is an ideal place to develop technology.
He also pointed out that Vietnam is always open to collaboration and recognisesthat it needs international collaboration to grow. This explains Vietnam’stremendous success in the last 20 years and it will continue this success.
Speaking about the Vietnam-UK strategic partnership relationship, Smithstressed that this is not only an economic relationship, but also thefriendship and trust relationship. The Vietnam-UK strategic relationship forsecurity is also very important because that security stability will enableVietnam to move forward as the player in the economic world in the future./.