Vietnam, Denmark Work Together Towards COP28 Goal
Vietnamese Prime Minister Pham Minh Chinh had bilateral meetings with leaders of countries and international organizations in Dubai, the United Arab Emirates, on the occasion of his attendance at the 28th UN Climate Change Conference of the Parties (COP28).
Meeting with each other at COP 28 in Dubai, both PM Pham Minh Chinh of Vietnam and his Danish counterpart Mette Frederiksen of Denmark praised the long and fruitful cooperation between Vietnam and Denmark, especially in the area of climate change and in the energy transition.
In light of the Green Strategic Partnership between Vietnam and Denmark established on November 1, both leaders agreed to instruct relevant agencies to take concerted measures to further deepen the bilateral relationship.
|Prime Minister Pham Minh Chinh (R) meets his Danish counterpart, Mette Frederiksen. Photo: VGP
On the occasion of Vietnam’s launch of the Resource Mobilization Plan for the Just Energy Transition partnership (JETP), of which Denmark is a member alongside the G7 countries, the European Union and Norway, PM Mette Frederiksen said, ”Congratulations to Prime Minister Chinh and the government of Vietnam on the important step towards implementing the Just Energy Transition Partnership. At this critical moment in Vietnam’s transition, Denmark and IPG stand ready to support Vietnam to get on track to deliver on its ambitious Net Zero 2050 goal."
Denmark has more than 40 years of experience with green transition and we have shown that the green transition can be a driver for jobs and green economic growth. Denmark is, he stressed, committed to sharing our experiences and know-how to support Vietnam’s just energy transition.
Ambassador of Denmark in Vietnam, Nicolai Prytz, also added, "At COP 28, Denmark is pushing for an agreement on a global phase-out of fossil fuels and global targets for massively scaling up renewable energy and improving energy efficiency. In Vietnam, we are supporting such ambitious targets through our joint Energy Partnership program between Vietnam and Denmark. The program, which has been running for 10 years, aims to provide Vietnamese government agencies with the tools and knowledge to develop policies and plans for the energy transition, as well as support the implementation of these."
The recently launched Green Strategic Partnership has opened an even greater opportunity for Vietnam and Denmark to further strengthen the long-term cooperation on green transition and low carbon economy in various strategic sectors of the economy, the diplomat affirmed.
Both Vietnam and Denmark have set ambitious emission reduction targets. At COP26, PM Pham Minh Chinh committed to achieve net-zero emissions by 2050, which sent a clear signal to the world regarding Vietnam’s direction and determination towards low-carbon and sustainable development. Denmark aims to reduce emissions by 70% in 2030, 100% by 2045, and 110% - to become a net negative emitter – by 2050.
Vietnam is one of the most vulnerable countries to climate change with a high dependence on fossil fuels and an increasingly energy-hungry booming industry, with a strong export orientation.
Being one of the fastest-growing economies in Asia and increasingly faced with demands for green energy by foreign investors seeking to establish production in Vietnam, Vietnam is an important partner in the global fight against climate change.
At COP28, Denmark announced a total of USD 50 million in support to the most climate-vulnerable countries. Half of the commitment will be allocated to the new loss and damage fund that was decided on the first day of COP28.
Denmark will also launch the alliance Group Of Negative Emitters aimed at initiating a race to the top among countries to determine ambitious goals of mitigation.
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