Promoting resource mobilization to implement Vietnam's climate goals

The event was jointly organized by the Institute of Meteorology, Hydrology and Climate Change (IMHEN), the Ministry of Natural Resources and Environment , the Institute of Strategy and Policy on Natural Resources and Environment (ISPONRE), the Asian Development Bank (ADB), the United Nations Office for Project Services (UNOPS) and Sunlife Canada.

Assoc. Prof. Dr. Pham Thi Thanh Nga, Director of the Institute of Meteorology, Hydrology and Climate Change, delivered the opening speech.

Attending the event were Associate Professor Dr. Pham Thi Thanh Nga, Director of the Institute of Meteorology, Hydrology and Climate Change (IMHEN), Dr. Tran Thanh Thuy, Head of the Department of Science, Training and International Cooperation (IMHEN), Associate Professor Dr. Nguyen Dinh Tho, Director of the Institute of Strategy and Policy on Natural Resources and Environment (ISPONRE); Ms. Suzanne Gaboury, General Director of Private Sector of the Asian Development Bank (ADB); Ms. Michelle Diab, Assistant Vice President, Sun Life; Mr. John Robert Cotton, Senior Program Manager, Southeast Asia Energy Transition Partnership (ETP).

Speaking at the opening ceremony, Associate Professor Dr. Pham Thi Thanh Nga, Director of the Institute of Meteorology, Hydrology and Climate Change (IMHEN), said that in an era where the impacts of climate change are becoming increasingly evident, the importance of cooperative efforts to address the challenges of climate change is undeniable.

Vietnam is currently facing the urgent challenge of the complex and far-reaching impacts of climate change (CC). The Government of Vietnam is deeply aware of these threats and has issued progressive policies and guidelines to address the issue, including the issuance of National Climate Change Scenarios, National Adaptation Plan (NAP), National Strategy on Climate Change (NSCC), Nationally Determined Contribution (NDC) and various CC programs.

Associate Professor, Dr. Nguyen Dinh Tho - Institute of Strategy and Policy on Natural Resources and Environment spoke at the event

Representative of the Institute of Strategy and Policy on Natural Resources and Environment, Associate Professor Dr. Nguyen Dinh Tho, Director of the Institute, said that this COP28 Conference must improve adaptation to global inventories and set out a roadmap to fill financial gaps and address shortcomings in the global financial structure.

At the same time, to effectively enhance resilience in this unique context, Vietnam needs to promote climate finance, capacity building and technology innovation transfer.

Dr. Tran Thanh Thuy - IMHEN speaking at the event

According to Dr. Tran Thanh Thuy, according to the Law on Hydrometeorology (2015), the national climate change scenario needs to be updated every 5 years. The Institute of Hydrometeorology and Climate Change is the unit assigned by the Ministry of Natural Resources and Environment to preside over the development and updating of climate change scenarios for Vietnam.

With the support of the Ministry of Natural Resources and Environment and technical support from international partners such as UK Met Office, JMA, AFD, CSIRO, ... the Climate Change Scenario for Vietnam will be updated in 2025. Ms. Thuy also mentioned the content that needs to be transferred technology so that the Climate Change Scenario for Vietnam can reflect the impact on industries/fields/regions vulnerable to climate change and mobilize more efforts from international partners.

Ms. Michelle Diab - Sunlife Organization shared information at the event

On behalf of Sun Life Asia, Ms. Michelle Diab shared the services provided in Hong Kong, Indonesia, Malaysia, Vietnam and the Philippines. In Vietnam, Sun Life Asia has launched a customer support guide to improve the participation and claim process. In addition, Sun Life Asia has enhanced the customer experience and strengthened the hybrid working model for employees with the opening of S.PACE, a new office model for multi-channel distribution in Vietnam.

Ms. Suzanne Gaboury, ADB's Director General for Private Sector, speaks at the event.

Regarding the issue of financial support in the field of climate change, Ms. Suzanne Gaboury, ADB's Director General for Private Sector, said that ADB will expand its private sector operations to one-third of its total operations by 2024. ADB will achieve its target of long-term co-financing for private sector operations with each $1 of financing corresponding to $2.50 of long-term co-financing by 2030.

And to tap international donor funding through partnership approaches, Mr. John Robert Cotton, Senior Program Manager, Southeast Asia Energy Transition Partnership, said that the ETP offers specific strategies such as linking policy with climate commitments to achieve net zero emissions, reducing risks for renewable energy and energy efficiency investments, expanding sustainable resilient infrastructure - smart grids, developing knowledge, skills, awareness and capacity.

Side event with the theme “Mobilizing climate finance, capacity building and technology innovation transfer” in Dubai city

The side event attracted many exchanges of opinions and active participation of delegates from domestic and international organizations, opening up opportunities for cooperation and calling for funding for all parties.

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