PROJECT DESCRIPTION
Activities will be defined with the following objectives:
· Bringing forward the projected peaking date for all greenhouse gas emissions in Viet Nam from 2035 to 2030
· Reducing peak annual power sector emissions by up to 30%, from 240 megatons to 170 megatons, and bringing forward the peaking date by five years to 2030
· Limiting Viet Nam’s peak coal capacity to 30.2 gigawatts down from a current planning figure of 37 gigawatts
· Accelerating the adoption of renewables so that renewable energy accounts for at least 47% of electricity generation by 2030, up from the current planned generation share of 36%
ADDITIONAL INFORMATION
Vietnam JETP USD 15.5 billion original commitment (USD 15.8 billion detailed RMP offer), supported by the EU, UK, Canada, Denmark, France, Germany, Italy, Japan, Norway, and originally the United States. The U.S. withdrew from the JETP in March 2025.