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The Vietnamese Authorities is giving precedence to selling inexperienced agriculture, Deputy Minister of Agriculture and Rural Develop Phung Duc Tien stated, stressing the necessary function of the non-public sector in lowering carbon emissions and enhancing local weather change adaptation.
Tien spoke at a workshop coorganised by the ministry and the Worldwide Finance Company (IFC) on Wednesday in Ha Noi, saying that Viet Nam wanted to make nice efforts, not solely from the Authorities but additionally from non-public enterprises, to unlock funding sources in reworking the manufacturing mannequin from resource-intensive to inexperienced.
Tien stated that the agriculture sector had been the mainstay of the nation’s economic system within the context of the COVID-19 pandemic and local weather change, which helped guarantee meals safety and poverty discount and generated 15 per cent of GDP.
Nevertheless, the sector was dealing with plenty of challenges and difficulties, together with exhausted sources, environmental degradation, local weather change and adjustments in world shopper traits, Tien stated, including that not solely was it closely affected by local weather change, the agricultural sector was additionally a major supply of greenhouse fuel emissions.
He cited statistics in 2016 that agricultural manufacturing accounted for 13.9 per cent of the nation’s complete greenhouse fuel emissions.
On the United Nations (UN) Meals Programs Summit, Viet Nam set the goal of changing into a clear, accountable and sustainable meals producer and provider which met meals safety and vitamin necessities for the inhabitants of 100 million folks and for export.
On the 2021 UN Local weather Change Convention (COP26), Prime Minister Pham Minh Chinh dedicated that Viet Nam would obtain internet zero emissions by 2050.
In January 2022, the Authorities permitted the technique for sustainable agriculture and rural improvement within the 2021-30 interval with a imaginative and prescient to 2050, setting the aim of constructing an agriculture sector that might guarantee meals safety, shield the surroundings, adapt to local weather change and successfully implement worldwide commitments on lowering greenhouse fuel emissions.
Hien stated that to attain these objectives, non-public enterprises performed an necessary function.
Nevertheless, the variety of enterprises working within the agricultural sector remained modest, accounting for simply 8 per cent of the whole variety of corporations within the nation, whereas funding attraction in hi-tech agriculture was restricted, given dangers attributable to local weather change, illnesses and unstable consumption markets.
Most enterprises in agriculture had been of small and medium measurement, with low effectivity, he added.
Tien stated that the development of inexperienced manufacturing and consumption and low emissions would dominate world agriculture and commerce.
“To have the ability to take part on the planet’s play floor, we have to take daring steps in direction of a transition to a inexperienced and low-emissions system,” Tien stated, including that the ministry would develop insurance policies to encourage funding in hi-tech, clear and natural farming.
In response to Alfonso Garcia Mora, IFC Vice President for Asia and Pacific, the necessity for a extra sustainable agriculture and meals trade was extra pressing than ever.
He identified that the agri-food trade consumed a bigger quantity of power annually than China’s or the US’ and farming, processing, meals distribution, consumption and manufacturing accounted for 30 per cent of worldwide power consumption. Thus, it was necessary to scale back carbon emissions of the agriculture and meals trade.
Nevertheless, constructing a climate-resilient economic system wouldn’t be low-cost, he stated, including that it was essential to progressively improve environmental safety tax (EPT) along with different insurance policies which might encourage enterprises to undertake greener and cleaner manufacturing and enterprise fashions.
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