06:32 19/02/2023

Big investment needed to achieve carbon neutrality

Vietnam targets reaching net-zero emissions by 2050.

Vietnam may need a big investment to achieve its goal of net-zero carbon emissions by 2050, as committed to at COP26, according to Mr. Kazuo Kusakabe, Chief Representative of Toshiba Asia Pacific Pte Ltd.

He made the forecast at the Vietnam - Japan Research Forum on promoting Japan - Vietnam cooperation towards green growth after Covid-19, which was held in Hanoi on February 15.

Mr. Kusakabe suggested that the Vietnamese Government accelerate the approval of major projects and those supporting green growth, because it is already running out of time to achieve its goal.

As one of the most vulnerable countries to climate change, Vietnam has been proactive in proposing solutions to minimize the impact, including making a commitment to reach net-zero emissions by 2050 at the 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow and cooperative programs with Japan in green growth.