Vietnam PM unveils plan to advance JETP implementation at COP28

Vietnam Prime Minister Pham Minh Chinh revealed a Resource Mobilisation Plan on December 1 to facilitate the realisation of the political commitment to establish a Just Energy Transition Partnership (JETP) between Vietnam and the International Partnership Group (IPG), reports said. This announcement transpired during his participation in COP28 in Dubai, the UAE.

In his statement, Prime Minister Pham Minh Chinh emphasised the pivotal role of a just energy transition for Vietnam to actualise its national energy development strategic direction, VNA news agency reported. The ultimate goal is to achieve net-zero emissions by 2050 while adhering to sustainable development objectives centred around the well-being of the people.

The unveiling ceremony on the sidelines of COP28 in Dubai was witnessed by President of the European Commission (EC) Ursula von der Leyen, ministers, and high-ranking representatives from IPG member states such as the UK, Japan, Germany, Italy, Canada, Denmark, and the Vice Chair of the Glasgow Financial Alliance for Net Zero (GFANZ).

PM Chinh stressed the necessity for a global, people-centric approach and advocated international collaboration grounded in equality and mutual benefit. He urged relevant stakeholders to promptly finalise agreements, translating the committed support of USD 15.5 billion for Vietnam into transformative projects.

EC President Ursula von der Leyen applauded the Resource Mobilization Plan as a pivotal milestone in JETP implementation, showcasing Vietnam’s commitment and leadership in the energy transition. Throughout this transformative process, she affirmed the European Union’s pride in being Vietnam’s partner.

The announcement of the Resource Mobilisation Plan marks the initial step in realising JETP, aligning with Vietnam’s national energy development strategy and the Global Declaration on the Transition from Coal Power to Clean Energy.

In a separate meeting, PM Chinh and Indonesian President Joko Widodo reached a consensus on sustained cooperation and coordinated stances within ASEAN and international forums, with a specific focus on climate change response and energy transition. Indonesia had previously announced its JETP implementation plan. (nsh)

Banner photo: Pham Minh Chinh, Prime Minister of the Socialist Republic of Viet Nam, speaks during the High-Level Segment for Heads of State and Government at the UN Climate Change Conference COP28 at Expo City Dubai on December 2, 2023, in Dubai, United Arab. Source: UN COP28 UAE

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