Deputy Prime Minister Tran Hong Ha (centre, right) and Principal Adviser on Energy Diplomacy at the European Union Tibor Stelbaczky (Photo: VNA) At the meeting, Ha thanked the British Government, the EU and otherInternational Partners Group (IPG) members, namely France, Germany, the US,Italy, Canada, Japan, Norway and Denmark, for their cooperation with Vietnameseagencies in negotiating and approving the Political Declaration on establishingthe Just Energy Transition Partnership (JETP) with Vietnam.
The Vietnamese Government is implementing commitments to reducing greenhouse gas emissions towards net zero by 2050 with domesticresources and international support, he said, adding that Vietnam considersJETP a key channel to receive technological and financial support fromdeveloped countries and financial institutions for just energy transition.
Vietnam takes its responsibility seriously for working with other countriesin responding to climate change, reducing net greenhouse gas emissions to zero,and transitioning energy equitably, said Ha.
Sharing content of the draft Power Development Plan VIII, which is being finalised, the Deputy PM expressed his wish that the EU andthe UK will share experience and technologies in clean energy transition,smart grid development, and increasing the proportion of renewable energy, promotingenergy storage technology, and ensuring the balance and stability of the energysystem at a cost suitable to the level of development of the economy and incomeof people.
Expressing his support for the initiative to establish theJETP Secretariat, Ha also suggested the EU and the UK support Vietnam in completingthe legal framework, mechanisms and policies, and choosing renewable and greenenergy projects to solve problems in credit, technology, and governance.
Tibor Stelbaczky appreciated the politicalcommitments of the Vietnamese Government on green transition as well as the implementationof JETP, emphasising the partnership's role in achieving the set goals.
Sharing content of the draft Power Development Plan VIII, which is being finalised, the Deputy PM expressed his wish that the EU andthe UK will share experience and technologies in clean energy transition,smart grid development, and increasing the proportion of renewable energy, promotingenergy storage technology, and ensuring the balance and stability of the energysystem at a cost suitable to the level of development of the economy and incomeof people.
Expressing his support for the initiative to establish theJETP Secretariat, Ha also suggested the EU and the UK support Vietnam in completingthe legal framework, mechanisms and policies, and choosing renewable and greenenergy projects to solve problems in credit, technology, and governance.
Tibor Stelbaczky appreciated the politicalcommitments of the Vietnamese Government on green transition as well as the implementationof JETP, emphasising the partnership's role in achieving the set goals.
He showed his hope that the JETP Secretariat will soon beestablished to listen to comments, and a plan will be built to mobiliseresources for the implementation of JETP. He stressed the need for strongcommitments from relevant parties in terms of resources and technology, as wellas mutual support in energy transition and green transition.
Chris Taylor expressed the willingness to support and shareexperience with Vietnam in the implementation of JETP, stressing the need for aharmonised policy to solve challenges, and pledging to continue to promoteinvestment in Vietnam in the coming time.
According to him, to achieve long-term goals in JETP andgreen transition, the engagement of ministries, sectors, localities and peopleis essential. The UK and the EU are ready to support Vietnam in technicalexpertise, technology as well as methods of mobilising necessary resources fromglobal partner countries, he added.
The JETP will mobilise an initial 15.5 billion USD of publicand private finance over the next three to five years to support Vietnam'sgreen transition.
Under the agreement, the partnership will support thecountry to deliver on its ambitious net zero 2050 goal, accelerate the peakingof its greenhouse gas emissions and transition away from fossil fuels to cleanenergy./.
VNA
