WB supports emission reduction programme in central region
Updated : Saturday, February 03, 2018 9:26 AM (GMT+0700)

TheWorld Bank (WB)’s Carbon Finance Unit approved a resolution on supporting theReducing Emissions from Deforestation and Forest Degradation (REDD ) programmein the Northern central coast Vietnam in line with the results-based paymentsat a meeting in Paris on February 1.

 
At the meeting - Source: VNA

Speaking at the event,Deputy Minister of the Ministry of Agricultural and Rural Development (MARD) HaCong Tuan highlighted Vietnam’s efforts and successes in escaping from povertyand promoting sustainable development over the last 30 years, saying that thecountry completed almost all Millennium Development Goals ahead of schedule,especially those regarding poverty reduction. 

Vietnam is responsiblyrealising its commitments to coping with climate change, reducing greenhouseemission by 8 percent, even up to 25 percent by 2030 if the country getinternational support and cooperation, he said, adding that the country regardsthe REDD as a vital measure to promote the ambitious goal.

Tuan took this occasion to thankdonors and international organisations for assisting Vietnam in preparing forthe implementation of the REDD in recent years.

Vietnam hopes to continuereceiving assistance from international friends, and the country is willing tojoin hands with the international community in implementing the REDD, he said.

While joining the meeting,the official worked with the Director of the WB’s Carbon Finance Unit, and hada bilateral discussion with Deputy Minister of Land, Environment and RuralDevelopment of Mozambique Celmira da Silva on issues of common concern. He alsomet with representatives Green Climate Fund (GCF) to put Vietnam’sproposal for the REDD in the Central Highlands.

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

Vietnam’s forest area hasceaselessly increased from 28 percent in 1990 to 41.45 percent in 2017.

Source:VNA

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