This discussion paper shows that quality economic growth with ambitious and economically attractive climate change actions in Viet Nam is possible. The paper examines all major sources of greenhouse gas emission and opportunities for their reduction, with a special focus on the transition to high renewable energy penetration and energy efficiency that can improve Viet Nam’s energy independence and shift Viet Nam to a low carbon development pathway.
The paper suggests that even if Gross Domestic Product (GDP) growth might be lower in the first few years compared to the business as usual scenario, a path to becoming free from fossil fuels by 2050 will increase GDP growth and provide social, environmental, and health benefits.
The intention of this paper is to contribute to making the case that clean, green investment decisions made today will have significant long-term benefits both in terms of greenhouse gas reduction as well as in economic growth. Reaping these opportunities will help lay the foundations for a green robust economy in Viet Nam where no one is left behind.
On the ground in about 170 countries and territories, the United Nations Development Programme (UNDP) works to eradicate poverty while protecting the planet. We help countries develop strong policies, skills, partnerships and institutions so they can sustain their progress.
UNDP – Viet Nam partnership officially started in 1978. Since then UNDP has been working closely with the Government and other partners to expand the choices for people and ensure that everyone has equal access to opportunities to realize their full potentials.
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