Documents Awareness - Knowledge
logo
ENVIRONMENTAL NEWS

WB approves credit to support Vietnam’s response to climate change

12 June 2020 | 07:51:00 AM

The World Bank in Vietnam announced on June 6 that the Bank’s Board of Executive Directors had approved an USD84.4 million credit from the International Development Association (IDA) to support Vietnam’s multi-sectoral policy reforms so as to promote climate-resilient landscapes and green transport and energy systems.


The Climate Change and Green Growth Development Policy Financing aims to consolidate and expand on the achievements of the government’s Support Programme to Respond to Climate Change 2016-2020 (SP-RCC).

 

Hanoi streets flooded after a heavy rain (Source: VNA)


This includes supporting policies that should lead to increased protection of water sources, application of water-saving practices over larger areas of farmland, additional reductions in vehicle emissions, and further scale up of renewable energy.

Ousmane Dione, WB Country Director for Vietnam, said that the new development financing will focus on areas which present the greatest opportunities for transformational interventions to address climate change challenges.

It reflects the bank’s strong commitment to help Vietnam maintain the momentum under SP-RCC while building a bridge to a new, post-2020 phase of climate action, he stated.

The programme will support the government’s climate mitigation actions by strengthening the resilient management of landscapes and natural resources and effective management of related public investments.

These policy reforms include the establishment of more stringent vehicle emissions standards, adoption of a new national energy efficiency programme and enhanced incentive mechanisms to increase the nation’s wind generation capacity.

The programme will also support the country’s COVID-19 response through highly concessional budget support and by supporting policy reforms that will contribute to the national pandemic response.

This includes improving forest management, which helps reduce the risk of emerging zoonotic disease, and increasing investments in natural resources management and climate adaptation, which complements an economic stimulus package aimed at supporting rural incomes and community resilience.

(VNA)

Views: 64

Other news

Project to install 11,000 solar energy dustbins underway in Hanoi

(11/08/2020 03:34:PM )

Efforts to establish Kon Plong Nature Reserve (Kon Tum)

(31/07/2020 07:10:AM )

Six-man squad protects animals in Sơn Trà Peninsula

(15/07/2020 07:16:AM )

Phu Quoc Island threatened by rubbish

(07/07/2020 06:54:AM )

Tour launched to invite visitors to the heritage lands of Ninh Binh and Thanh Hoa

(29/06/2020 08:52:AM )

National strategy on climate change promoted

(29/06/2020 08:49:AM )

Vietnam establishes Thai Thuy wetland as a nature reserve

(29/06/2020 08:46:AM )

Zero-waste communities start to emerge in Hoi An

(22/06/2020 06:24:AM )

Quang Ngai monk builds environmentally-friendly house

(16/06/2020 06:51:AM )

VIDEO

Environmental Sustainability - we have choices

See more

ENVIRONMENT BRAND

UPCOMING EVENTS
MONRE supports and appreciates the cooperation...

VACNE, 4/12/2017) - The Ministry of Natural Resources...

See more
US Assistant Secretary of State and 10 Ambassadors...

Quang Binh provincial People's Committee on March 8th announced...

See more
Save the Dong Nai River: experts

HA NOI (VNS) — Scientist and experts have renewed their calls to the National Assembly and the Government...

See more
Some pictures of Starting Ceremony of Cycling...

(VACNE) - Afternoon of 22/07/2014, under...

See more
PHOTO GALLERY