WB supports emission reduction programme in central region

Friday, 2018-02-02 09:58:38
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At the meeting (Photo: VNA)
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NDO/VNA – The World Bank’s (WB) Carbon Finance Unit approved a resolution on supporting the Reducing Emissions from Deforestation and Forest Degradation (REDD+) programme in central Vietnam, in line with a results-based payment, at a meeting in Paris on February 1.

Speaking at the event, Deputy Minister of Agricultural and Rural Development Ha Cong Tuan highlighted Vietnam’s efforts and success in escaping from poverty and promoting sustainable development over the last 30 years, saying that the country completed almost all of its Millennium Development Goals ahead of schedule, especially those regarding poverty reduction.

Vietnam is responsibly realising its commitments to coping with climate change, reducing greenhouse emission by 8%, possibly even up to 25% by 2030 if the country receives international support and cooperation, he said, adding that the country regards the REDD+ as a vital measure with which to promote the ambitious goal.

He took the occasion to thank donors and international organisations for assisting Vietnam in preparing for the implementation of the REDD+ in recent years.

While joining the meeting, the official worked with the Director of the WB’s Carbon Finance Unit, and had a bilateral discussion with Deputy Minister of Land, Environment and Rural Development of Mozambique Celmira da Silva on issues of common concern. He also met with the representatives of Green Climate Fund (GCF) to submit Vietnam’s proposal for the REDD+ in the Central Highlands.

According to the MARD, Vietnam is the first country in Asia and the seventh in the world to join the Forest Carbon Partnership Facility (FCPF) managed by the WB.