State President: Vietnam will continue to drastically reduce coal power


State President: Vietnam will continue to drastically reduce coal power

State President Nguyen Xuan Phuc affirmed that the transition to a green economy with zero emissions is an inevitable trend and an urgent order.

At the invitation of US President Joe Biden, on the evening of April 23, President Nguyen Xuan Phuc delivered an important speech on the topic “Economic benefits of Climate Action” at the Summit. on Climate, organized online for two days 22 and 23/4.

State President Nguyen Xuan Phuc attends the Summit on Climate (Photo: BNG)

Appreciating the United States’ return to the Paris Agreement on climate change, the President said, climate change is now a huge challenge to the survival of many countries and globally.

“In Vietnam, in 2020 alone, extreme weather has claimed hundreds of lives and wiped out the achievements of decades of poverty reduction in many regions,” said the President.

According to President Nguyen Xuan Phuc, transition to a green economy with zero emissions is an inevitable trend and an urgent order. This is a challenge but also brings great opportunities and benefits in terms of creating new jobs, ensuring energy security and enhancing the competitiveness and sustainability of the economy.

“Vietnam is determined to follow this trend”, the State President emphasized. He affirmed that Vietnam will continue to drastically reduce coal power; to rapidly increase the rate of renewable energy to 20% of the total primary supply by 2030 and reach 30% to 2045; Emissions per total GDP to 2030 decrease by nearly 15% and methane emissions in agricultural production decreased by 10%. From the beginning of April 2021, Vietnam has implemented a one-billion tree planting program to 2025, which will absorb 2-3% of its emissions by 2030.

The President also noted three issues with the leaders of the countries.

First, the transition must be fair and inclusive, equal in terms of opportunities and benefits of the people, consider the people as the center, not let anyone “be left behind” and be the people and businesses Scientists support, join hands to act.

Second, along with taking the lead in strong commitments to reduce emissions, developed countries need to increase practical assistance to developing countries, including Vietnam, in terms of finance and new technology development. Green energy, efficient and high-quality infrastructure construction associated with job creation.

“We appreciate and look forward to receiving support from the International Climate Finance Plan of the United States and many other international financial mechanisms, including international corporations,” said the President. show.

Third, the realization of the logistics climate targets that are appropriate to each country, including changing lifestyles, ways of production and working, and should be integrated into development strategies and plans. nation; Each country must first endeavor and use effectively international resources. At the same time, there should be a national mechanism for monitoring and evaluating performance and improving resilience.