As Vietnam is among the most threatened countries by climate change, the state and people take decisive action, photo Le Toan The government has promulgated Resolution No.06/NQ-CP on the Action Programme on continuing the implementation of Resolution No.24-NQ/TW by the 11th Party Central Committee on active response to climate change, improvement of natural resource management, and environmental protection. The action programme, to be implemented until 2025, lays a foundation for ministries, agencies, and localities to formulate and implement their own plans on responding to climate change while strengthening natural resource management and environmental protection. Under the programme, efforts are to be made to reduce greenhouse gas emissions by 7.3 per cent below the business-as-usual scenario by 2025, and achieve 5-7 per cent in energy conservation out of gross energy consumption. To this end, some key solutions are to be taken. Specifically, the government orders ministries and agencies to formulate and implement sturdy policies on shifting to digital economy, and development and expansion of models on circular economy, green economy, and low-carbon economy. In addition to an increase in state budget in investing into responding to climate change, and managing natural resources and the environment, the government will have a flexible mechanism on allocating the use of natural resources under a market mechanism. Notably, the government will “develop markets for environmental goods and services, the carbon market, public-private partnership models, and green credits and green bonds, as well as mobilise investment capital from non-state sources,” according to Resolution 06. To enable investors, Resolution 06 stressed that a number of related laws will be revised soon, including the Law on Land 2013, the Law on Minerals 2010, and the Law on Efficient Use and Saving Energy, as well as many other related documents. Championing the cause Disaster …
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