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A commitment to support Viet Nam in its energy transition

The UNOPS-supported Southeast Asia Energy Transition Partnership (ETP) is working with the government of Viet Nam to reduce the risk of carbon leakage into the environment.

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A new initiative – Impact Assessment of the European Union’s Carbon Border Adjustment Mechanism (CBAM) – will work with producers in non-EU countries to reduce carbon dioxide emissions released during their production processes. The agreement signed by UNOPS and the Department of Climate Change (DCC) under the Ministry of Natural Resources and Environment (MONRE), brought together the commitment of both organizations to support Viet Nam’s ambitions to achieve carbon neutrality by 2050.

Together, we will be arranging stakeholder consultations with the public and private sectors on the project's findings and recommendations, with a view to prepare Viet Nam for carbon pricing and energy transition.

Sirpa Jarvenpaa - Director, Southeast Asia Energy Transition Partnership (ETP)

Initially, work will focus on the iron, aluminum, cement, electricity and fertilizer sectors, with the goal of reaching the hydrogen, organic chemicals, plastics, and ammonia sectors in the future.

“The project aims to assess the impact of the CBAM on export products, energy transition, national economy, and implementation of the nationally determined contributions of Viet Nam,” said Nguyen Thi Hong Loan, senior climate change expert at Green Climate Innovation.

“It will also provide an in-depth study of the implications and policy recommendations for a roadmap and design of the carbon tax system in Viet Nam,” added Nguyen Thi Hong Loan.

For more information on the ETP, click here.


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