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Viet Nam's Efforts to Achieve Net-Zero Emissions

10:38 20/11/2024

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On November 19, Prime Minister Pham Minh Chinh attended and delivered remarks at a sustainable development and energy transition session during the G20 Summit in Rio de Janeiro, Brazil.

The Prime Minister reiterated Viet Nam's consistent and unwavering stance on sustainable development, emphasizing that the country will not sacrifice social welfare, progress, equity, or environmental protection for economic growth. He reaffirmed Viet Nam's commitment to striving for net-zero emissions by 2050, working alongside nations and partners to contribute to a greener, more sustainable world for future generations.

The Prime Minister shared three proposals with the Conference to contribute to the timely implementation of the Sustainable Development Goals. 

The first is to focus on promoting three key transformations: digital transformation, green transformation, and energy transformation. The second is to focus on promoting investment in people with a consistent viewpoint of putting people at the center, the subject, the goal, the driving force, and the most crucial development resource; at the same time, focusing on progress, equity, social security and environmental protection. Finally, Viet Nam calls for promoting innovative financial cooperation models and practical investment, especially public-private partnerships, to unlock, mobilize, and effectively use all resources for sustainable development and energy transformation.

The Prime Minister's active and responsible participation at the Summit was highly appreciated by G20 members and invited nations, reflecting Viet Nam's growing international role, reputation, and position in addressing global challenges.

During the discussions, leaders acknowledged the slow progress in achieving the UN SDGs and the significant challenges developing countries face in ensuring a just energy transition. Solutions to economic inequality, environmental protection, green finance policies, and mobilizing international resources to support developing nations were shared among participants.

Delegates emphasized the need to enhance financial resources for global energy transition efforts. Investments in technology and infrastructure must be diversified, with increased PPP cooperation to drive energy transition, especially in developing countries.

This year's G20 Summit saw the largest-ever participation of leaders, including representatives from 21 G20 members, 19 invited countries, and 15 major international organizations.

K.Linh

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