Viet Nam Just Energy Transition Partnership (JETP) – Italian Contribution

Project Dates: January 2023 - December 2028
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Viet Nam Just Energy Transition Partnership (JETP) – Italian Contribution
PROJECT OBJECTIVE

Viet Nam’s Just Energy Transition Partnership is an agreement between the Government of Viet Nam and the International Partners Group, including Italy, to accelerate the country’s transition toward clean energy.

PROJECT DESCRIPTION

The partnership seeks to bring forward the peak in greenhouse-gas emissions to 2030, reduce peak annual power-sector emissions to 170 MtCO2e, limit peak coal capacity to 30.2 GW and raise renewable energy to at least 47% of electricity generation by 2030.


SECTORS OR AREAS OF WORK
  1. Renewables
  2. Just transition
  3. Energy transition


Region/Location

BUDGET

USD 0

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. Government of Italy
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
SUPPORT SUBTYPE
  • Loan
ADDITIONAL INFORMATION

To avoid double counting, SIPET records USD 0 for Italy’s pledge, as its separate contribution of EUR 250 million is already included in the overall USD 15.5 billion JETP package. For more information, please visit https//vepg.vn/resources/vepg-documents/


BUDGET

USD 0

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. Government of Italy
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
SUPPORT SUBTYPE
  • Loan