Vietnam has pledged a contribution to the Green Climate Fund at
the Paris COP 21 talks, further broadening the base of support to the Fund. 43
states have now pledged support to the Fund, including both developed and
developing countries.
Vietnamese Prime Minister Nguyen Tan Dung announced the pledge of
USD 1 million during his address to the Paris climate conference plenary.
The Prime Minister emphasized that developed countries should take
the lead in delivering their commitments and at the same time provide
assistance for capacity building to developing countries in order to implement
together the Paris agreement successfully.
Vietnam would nevertheless step up its efforts as well, he said.
“Greater efforts will be taken to fulfil our obligations under the
UNFCCC and Kyoto Protocol. Vietnam accordingly will contribute USD 1 million to
the Green Climate Fund for the period 2016-2020,” he stated.
Prime Minister Dung reiterated that, despite limited resources,
“Vietnam will continue to implement the national strategy, programme, and plans
in response to climate change in various areas with concrete measures.”
He recalled that Vietnam’s Intended Nationally Determined
Contribution (INDC) includes a commitment to reduce greenhouse gas emissions by
8% by 2030 compared to business-as-usual (BAU) projections, and by up to
25% conditional upon international support.
Vietnam’s INDC also identifies the threat posed by rising sea
levels to the Mekong Delta region among others and the need for
climate resilience measures to be taken.
GCF opened its
initial resource mobilization in October 2014, rapidly reaching about USD 10
billion equivalent by the end of that year. The Fund remains open for
contributions during its first funding period (2015-2018), and accepts them on
an ongoing basis.
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