European Fee Vice President Frans Timmermans (centre, proper) speaks to the media at a press briefing in Hà Nội on Saturday. VNS Picture Bảo Hoa
HÀ NỘI — A non-reimbursable grant funding of as much as EUR210 million (US$237.8 million) will probably be given to Việt Nam for the 2021-24 interval, the European Fee (EC) introduced at a press briefing in Hà Nội on Saturday.
The assembly was a part of the EC Vice President Frans Timmermans’ three-day go to to Việt Nam.
The grant goals to strengthen bilateral cooperation between the European Union and Việt Nam by advancing frequent pursuits in three precedence areas, based on Timmermans.
They’re climate-responsive digital round economic system, accountable entrepreneurship and enhanced expertise for respectable employment, and strengthening governance, rule of regulation and institutional reform.
The grant is a part of the EU’s multiannual indicative programme for Việt Nam, which lasts from 2021 to 2027.
The adoption of the programme is a crucial step in reinforcing and strengthening the EU’s cooperation with Việt Nam. It’ll allow the 2 sides to proceed working collectively on programmes and tasks constructed on shared targets, ideas and values.
The agreed priorities will probably be applied in partnership with the EU Member States in a Staff Europe strategy. They’re in keeping with the UN’s 2030 Agenda, the Paris Settlement and the EU’s International Gateway Technique.
Chatting with the press, Timmermans stated he extremely valued the dedication made by Prime Minister Phạm Minh Chính to cut back greenhouse fuel emissions on the UN Local weather Change Convention (COP26) in Glasgow.
He stated: “Việt Nam has taken an bold step in aiming for net-zero emissions by 2050. Assembly this goal is a big job, and requires, in the beginning, placing an finish to new plans for unabated coal-fired energy technology, and phasing down coal energy technology.
“The European Union stands able to proceed its help for Việt Nam’s inexperienced transition. Việt Nam has great potential for additional renewable power improvement, and over the previous days now we have mentioned methods during which Europe’s personal expertise, experience and monetary help may help speed up this transition.”
Internet-zero emissions means attaining a stability between the greenhouse gases put into the environment and people taken out.
Việt Nam’s greenhouse fuel emissions began rising in 1990. Coal burning, essentially the most CO2 intensive fossil gasoline principally used to provide electrical energy, has tripled over the past 10 years, based on the Local weather Transparency Report.
The nation dedicated to part out and never construct or put money into new coal-fired energy crops below the International Coal to Clear Energy Transition Assertion at COP26.
Timmermans additionally visited the development of the Metro Line No 3, one of many landmarks in Hà Nội that may contribute to the “inexperienced” transition, and spoke to organisations that promote sustainable agricultural practices and natural, eco-fair produce. VNS