About $184 billion at current value – that’s the estimate of the potential investment opportunities for the private sector over the next couple of decades to help Vietnam on a climate-resilient and net-zero development pathway.
The Ministry of Agriculture and Rural Development has recently approved an action plan for implementing the goals, tasks and solutions of the National Strategy on Green Growth for the period of 2021-30, and vision to 2050.
Wärtsilä revealed that renewable-based power systems, backed by grid balancing engines and energy storage, can enable Vietnam to reach net zero by mid-century.
Last year Vietnam made a remarkable commitment to achieve net-zero carbon emissions by 2050. Patrick Lenain, senior associate of the Swiss-based Council on Economic Policies, shares some recommendations to encourage the private sector’s role in this ambitious target.
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