Hanoi (VNA) – A consultationworkshop was held in Hanoi on October 27 to finalise adraft resource mobilisation plan to implement the Political Declaration onestablishing the Just Energy TransitionPartnership (JETP).

The event, held by the Ministry ofNatural Resources and Environment (MoNRE) and the International Partners Group(IPG), attracted representatives of embassies, the IPG, international financialinstitutions of the Glasgow Financial Alliance for Net Zero (GFANZ), internationalorganisations in Vietnam, the country’s JETP Secretariat, and the working groupassisting the national steering committee for implementing Vietnam’scommitments made at the 26th UN Climate Change Conference (COP26).

In December 2022, the Political Declaration on the JETP establishment wasannounced by Vietnam and IPG members, including the EU, the UK, the US, Japan,Germany, France, Italy, Canada, Denmark, and Norway, at the commemorative summitmarking 45 years of the ASEAN - EU dialogue relations in Brussels.

MoNRE Deputy Minister Le Cong Thanhsaid that the JETP is a political, diplomatic and economic issue and also aglobal partnership that aims at just energy transition, green technologytransition, emission reduction, and low-carbon economic development. Therefore,Vietnam needs to coordinate with international partners to build a plan for mobilisingresources for the JETP implementation.

The plan will outline a roadmap for achieving just energy transition targets,and identify the principles and criteria for selecting investment projects and attractingfinance for the implementation. It will also clarify investment demand and chancesto carry out just energy transition activities in Vietnam. The plan looks toreceive and effectively use assistance from the IPG and GFANZ for technologytransfer, governance, manpower training, and finance for the work.

He said the resource mobilisation planis the first step in the JETP implementation, reflecting Vietnam’s wish tocooperate with international partners to boost just energy transition toconcurrently reduce greenhouse gas emissions, guarantee national energysecurity, and ensure people’s access to energy sources with reasonable prices.

The plan will be updated regularly andopen to all organisations, individuals, and businesses in order to help reachthe target of net zero emissions by 2050, the official noted.

Thomas Wiersing, Chargé d’Affairesa.i. of the EU in Vietnam, said to achieve net zero emissions and carry out the8th National Power Development Plan, the country needs concretemeasures for all areas of the energy sector and the economy. The JEPT will be auseful tool, and the resource mobilisation plan the first step forpromoting this process.

Echoing the view, Mark George, Climate Counselllor at the British Embassy, heldthat the resource mobilisation plan is a chance for outlining a roadmap for Vietnamto realise its just energy transition ambition to bolster growth, reachsocio-economic targets, enhance energy security, and strengthencompetitiveness.

During the plan drafting process, MoNRE and the JETP Secretariat have heldconsultations and in-depth discussions with related agencies and organisations.Nearly 500 opinions have been sent to the Secretariat to perfect the draft./.