WB supports emission reduction programme in central region
The World Bank (WB)’s Carbon Finance Unit approved a resolution on supporting the Reducing Emissions from Deforestation and Forest Degradation (REDD+) programme in central Vietnam in line with the results-based payments at a meeting in Paris on February 1.
Hanoi (VNA) – The World Bank (WB)’s CarbonFinance Unit approved a resolution on supporting theReducing Emissions from Deforestation and Forest Degradation (REDD ) programmein the Northern central coast Vietnam in line with the results-based payments at a meeting inParis on February 1.
Speaking at the event, Deputy Minister of the Ministry of Agricultural and Rural Development (MARD) Ha Cong Tuan highlighted Vietnam’s efforts and successes in escapingfrom poverty and promoting sustainable development over the last 30 years,saying that the country completed almost all Millennium Development Goals aheadof schedule, especially those regarding poverty reduction.
Vietnam is responsibly realising its commitments to coping with climate change,reducing greenhouse emission by 8 percent, even up to 25 percent by 2030 if thecountry get international support and cooperation, he said, adding that thecountry regards the REDD as a vital measure to promote the ambitious goal.
Tuan took this occasion to thank donors and international organisations forassisting Vietnam in preparing for the implementation of the REDD in recentyears.
Vietnam hopes to continue receiving assistance from international friends, and thecountry is willing to join hands with the international community inimplementing the REDD , he said.
While joining the meeting, the official worked with the Director of the WB’sCarbon Finance Unit, and had a bilateral discussion with Deputy Minister ofLand, Environment and Rural Development of Mozambique Celmira da Silva onissues of common concern. He also met with representatives Green ClimateFund (GCF) to put Vietnam’s proposalfor the REDD in the Central Highlands.
According to the MARD, Vietnam is the first country in Asiaand the seventh in the world that is joining the Forest Carbon Partnership Facility (FCPF) managed by the WB.
Vietnam’s forest area has ceaselessly increased from 28percent in 1990 to 41.45 percent in 2017. -VNA
The Reducing Emissions from Deforestation and Forest Degradation (REDD+) Office in Vietnam held a conference in Hanoi on October 7 to evaluate the nation’s readiness to implementing the initiative.
The Prime Minister has approved the second phase of a project to provide technical support for the initiative on Reducing Emissions from Deforestation and Forest Degradation (REDD+).
Binh Thuan province on July 26 announced an action plan in realisation of the “Reducing Emissions from Deforestation and Forest Degradation” (REDD+) initiative for the 2016-2020 period.
MARD announced the National REDD+ Action Programme, which aims to increase forest cover to 45 percent of national territory and contribute to an 8 percent reduction of greenhouse gas emissions by 2030
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At the meeting (Source: VNA) 
