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Green Climate Fund offers US$30.2 million to strengthen Vietnam’s climate change resilience

Rosy Huong Rosy Huong

huongthhd@gmail.com

May 29, 2021 | 08:19

The Green Climate Fund (GCF) – the world’s largest climate fund - has provided US$30.2 million as non-refundable aid to help Vietnam enhance its climate change resilience.

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At the signing ceremony (Photo: nongnghiep.vn)
A document to this effect was signed by representatives from the Ministry of Agriculture and Rural Development (MARD) and the United Nations Development Programme (UNDP) in Hanoi on May 28. Photo: nongnghiep.vn

The funding will be funneled into the project “Strengthening the resilience of smallholder agriculture to climate change-induced water insecurity in the Central Highlands and south-central coast regions of Vietnam” (SACCR).

A document to this effect was signed by representatives from the Ministry of Agriculture and Rural Development (MARD) and the United Nations Development Programme (UNDP) in Hanoi on May 28, the Vietnam News Agency (VNA) reported.

The project is expected to benefit local residents in the five provinces of Khanh Hoa, Binh Thuan, Ninh Thuan, Dak Nong and Dak Lak.

It aims to empower vulnerable farming households, especially women and people from ethnic minority groups in the Central Highlands and south central regions in managing climate-related risks to agricultural production by ensuring the availability of water resources, climate change resilient activities and access to agricultural climate information, credit and market.

According to Deputy Minister of Agriculture and Rural Development Nguyen Hoang Hiep, this is the largest non-refundable aid that the Ministry has received from international organisations in recent years.

Green Climate Fund offers US$30.2 million to strengthen Vietnam’s climate change resilience
A paddy field in Ben Tre province is cracked and parched due to drought, March 2020. Photo: VnExpress

The project will help strengthen connection of irrigation systems, improve the management capacity, and effectively use climate change adaptation systems, especially in the South Central and Central Highlands regions.

UNDP Resident Representative in Vietnam Caitlin Wiesen said the project will support small farmers, especially women and ethnic people vulnerable to climate change, to adapt quickly to natural disasters.

They will benefit through smart irrigation systems and livelihood options, she said, adding that they will be also provided with knowledge about climate risks and opportunities to access to efficient agricultural cultivation techniques, as well as information on market.

The project is expected to be completed in the first quarter of 2016.

People in Ha Tinh Province travel on a raft as flood water has reached the roof of their houses, October 2020. Photo by VnExpress/Le Hoang.
People in Ha Tinh province travel on a raft as flood water has reached the roof of their houses, October 2020. Photo: VnExpress

Vietnam would need $35 billion until 2030 to meet climate adaptation demands, VnExpress said.

Vietnam is one of six economies most affected by climate change between 1999 and 2018, according to the Global Climate Risk Index published by the German environmental think tank Germanwatch.

Within the period, the country suffered 226 extreme events, a death toll of 285 and losses of more than $2 billion per year.

Rising temperatures and sea levels, along with the increased frequency and intensity of extreme weather events combined with population growth and urbanization, are increasing the risk of coastal erosion, urban flooding and drought./.

The Green Climate Fund was established by 194 countries party to the UN Framework Convention on Climate Change in 2010. It is designed as an operating entity of the Convention’s financial mechanism and is headquartered in the Republic of Korea. It is governed by a 24 Board member Board, representing countries, and receives guidance from the Conference of the Parties to the Convention (COP).

Created by the United Nations Framework Convention on Climate Change (UNFCCC), the Fund aims to support a paradigm shift in the global response to climate change. It allocates its resources to low-emission and climate-resilient projects and programmes in developing countries.

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Rosy Huong