Project Mapping Tool

The project aims to expand financing for industrial energy-efficiency investments through a risk-sharing facility for participating financial institutions.

This policy note develops recommendations for implementing Viet Nam’s clean-energy transition while maintaining the financial sustainability of power-sector utilities and the wider sector.

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.

The Project Development Objective is to improve energy efficiency in Vietnam’s industrial sector through the mobilization of commercial financing. The project would thereby contribute to achieving the government’s energy efficiency and GHG reduction objectives.

From venture capital supporting climate and nature tech solutions, to banks funding major renewables projects, we want our world-leading financial services sector to drive every step of the global transition

The Climate Innovation and Development Fund (CIDF) is a $25 million, ADB-managed concessional financing fund established with grant commitments from Bloomberg Philanthropies and Goldman Sachs. CIDF has been designed to support climate mitigation and adaptation projects in India and Viet Nam. ADB will deploy funds as grants into its non-sovereign operations to support innovative and high impact climate projects. By offering concessional finance to de-risk projects, the fund aims to leverage up to $500 million in additional financing for private sector innovation in areas such as conventional and non-conventional renewable power generation, sustainable transport, climate-smart urban solutions, grid optimization technology, agriculture and land use, and green manufacturing and construction.

In Viet Nam, much of the soil on former mining sites is contaminated and no longer usable for the cultivation of food crops. However, these locations do offer potential as sites for the cultivation of eco-friendly energy crops. The project highlighted the feasibility of this innovative approach to climate action by trialling and analysing selected plant species across two vegetation periods. With these additional areas of cultivation, the project also aimed to negate and bypass competition between food crops and energy crops. At the same time, this expansion of energy crop cultivation provided local populations with a climate-friendly income source. Lastly, the project was also fostering improvements to the economic and legal framework for the cultivation of energy crops in Viet Nam.

The OECD programme strengthens clean energy policies in Viet Nam and helps create an enabling environment for clean-energy finance and investment through policy analysis, technical assistance and engagement with investors.

Participants will gain specific know-how in renewable energy and energy efficiency technologies, as well as appropriate risk evaluation and mitigation schemes. The development of private sector finance instruments for climate change mitigation will be fostered and the readiness to leverage national credit lines with international climate change mitigation schemes will be increased. Knowledge about existing international climate change mitigation funds and the available access opportunities will be disseminated.

This projects supports PT SMI in municipal development and renewable energy projects that will help Indonesia’s green recovery.This will contribute to Indonesia’s progress towards the Sustainable Development Goals and benefit the economy, the people, and the environment