To improve project readiness and opportunity to attract investment from Vietnamese and international investors, the projects will receive tailored one-to-one and group support.
The CFA is part of the UK Government's efforts to help Viet Nam meet the commitments made by Prime Minister Pham Minh Chinh at COP26 in Glasgow in 2021, and offer support to implement the Viet Nam Just Energy Transition Partnership (V-JETP) that was agreed in December 2022.
The expertise shared with these projects will help move them closer to finding investment, leading to reductions in carbon emissions for communities across the country, he shared.
The CFA is a £11.8 million technical assistance program funded by International Climate Finance (ICF), through the UK Government's Department for Energy Security and Net Zero (DESNZ).
The CFA is implemented in nine countries (Colombia, Egypt, Mexico, Nigeria, Pakistan, Peru, South Africa, Turkey and Viet Nam) and is working to develop a sustainable pipeline of bankable, low carbon projects in each country.
The CFA is part of the UK's efforts to support climate action on a global scale, facilitating access to finance and helping governments achieve climate targets under the Paris Agreement./.
Source: baochinhphu.vn