PROJECT DESCRIPTION
Viet Nam's rapidly expanding economy has historically depended on fossil fuels, positioning it among the fastest-growing per-capita greenhouse gas emitters and placing it within the top twenty most coal-dependent nations globally. At COP26, Viet Nam committed to achieving net-zero emissions by 2050 and endorsed the Global Coal to Clean Power Transition Statement.To support these ambitious goals, on December 14, 2022, the Government of Viet Nam and the International Partners Group, which includes Japan, established the Just Energy Transition Partnership (JETP). This partnership aims to foster a long-term collaboration to facilitate Viet Nams shift toward low-emission, climate-resilient development. In addition, on November 19, 2024, the Prime Minister approved an updated National Climate Change Adaptation Plan for the 2021–2030 period, with a vision extending to 2050. This plan emphasizes enhancing the resilience and adaptive capacity of natural, economic, and social systems to ensure sustainable livelihoods; reducing risks, damages, and climate-related losses from disasters and extreme events; and strengthening institutional frameworks and mobilising national resources for effective adaptation.The proposed project is designed to accelerate renewable energy development in Viet Nam, focusing on offshore wind and hybrid solar-battery systems. It aims to promote a just, inclusive, and sustainable energy transition while scaling up effective models for climate change adaptation, disaster risk reduction and preparedness, and resilience-building initiatives. The initiative is expected to directly benefit approximately 2,836 individuals, half of whom are women, and indirectly impact around 64,000 people, with women also representing 50 percent of this group. Over a 20-year period (i.e., the lifetime of the solar system), the project is projected to avert 92 metric tons of CO2 emissions annually and eliminate the need for 1,111 tons of coal
ADDITIONAL INFORMATION
For more information, please visit https//open.undp.org/projects/01004017