Vietnam attends New Global Financial Pact Summit
VOV.VN - Vietnamese Deputy Prime Minister Tran Hong Ha will attend an international summit for a New Global Financing Pact to be held in Paris, France, on June 22-23.
The gathering initiated by French President Emmanuel Macron at the G20 summit 2022 is to build a new contract between the countries of the North and the South to address climate change and the global crisis.
The COVID-19 pandemic, the military conflict in Ukraine and their successive consequences have reduced the fiscal and budgetary space of many countries, affecting their ability to finance their populations’ access to basic social services.
The June 23 summit will therefore seek solutions to finance issues that go beyond the climate question, including access to health and the fight against poverty.
Macron’s initiative is said to be in line with the Bridgetown initiative put forward by Barbados Prime Minister Mia Mottley, aiming to facilitate access to international financing for countries most vulnerable to climate change to enable them to better respond to climate challenges.
About 300 delegates representing countries, organisations and business corporations are expected to attend the summit.
Vietnam, one of the countries heavily affected by natural disasters and climate change, identifies green growth as an important strategy towards sustainable development. It therefore looks to respond to climate change and build a green, circular and environmentally friendly economy as evidenced in its strong commitment to net zero emissions by 2050 at COP26 and its decision to enter into a Fair Energy Transition Partnership (JETP) with several G7 countries and other international partners.
Vietnam’s engagement in the Paris summit is to realise its strong and consistent commitment to climate change response, and to demonstrate its responsibility to join hands with the international community in addressing global challenges, said Vietnamese Ambassador to France Dinh Toan Thang in an interview granted to Vietnam News Agency.
According to the ambassador, Vietnam expects the energy transition to be fair to ensure no one is left behind. Countries that have emitted a lot of greenhouse gases in the past need to fulfill their historical responsibility and support developing countries with finance, technology and capacity building and energy transition. At the same time, developing countries need to have an appropriate transition roadmap taking into account the conditions and circumstances of each country.
