Action plan to assist realisation of green growth targets

Workers produce solar panels at the Canadian Solar Manufacturing Vietnam Co. Ltd, invested by Canada, in the Vietnam - Singapore Industrial Park in Hai Phong city. (Photo: VNA)

Hanoi – The Ministry of Planning and Investment (MPI) is collecting opinions on the Prime Minister’s draft decision on approving the national action plan on green growth for 2021-2030, with a vision to 2050.

On October 1 last year, the PM adopted the national green growth strategy for 2021-2030, with a vision to 2050.

This strategy aims to help promote economic restructuring in tandem with growth model reform, and achieve economic prosperity, environmental sustainability, and social equality. It also looks to obtain a green and carbon-neutral economy to help with efforts in curbing global warming.

The green growth strategy focuses on economical and efficient use of energy and natural resources based on science and technology, digital technology application and digital transformation, development of green and sustainable infrastructure, and promotion of green lifestyles.

Approved right ahead of the 26th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP26) last November, it reflects Vietnam’s determination to carry out the commitments on greenhouse gas emission reduction and climate action through realising green growth targets.

At COP26, Vietnam pledged to achieve net zero emissions by 2050, cut down methane emissions by 30 percent by 2030, gradually reduce and eliminate coal-fired power generation during 2030 - 2040, and protect forests.

To that end, Vietnam will have to further accelerate the green growth strategy implementation and translate the strategy into an action plan.

The MPI said the draft national action plan on green growth for 2021 - 2030 identifies concrete activities, tasks, along with implementation duration and resources. It was built with the new context and existing strategies and plans taken into account so as to ensure the compatibility, complementarity, and feasibility of green growth measures when they are carried out in each sector and the entire economy.

According this draft, the ministry will be the coordinating body for green growth, and its minister will act as head of the national steering committee on green growth.