Strengthening capacity on climate change initiatives in the Industry and Trade sectors
The specific project objective is to strengthen the capacity of policy makers and stakeholders in the industry sector to reduce GHG emissions, enhance climate resilience and exploit associated green trade opportunities. The project will address this by removing barriers that are restricting industrial enterprises in Viet Nam to adopt technologies, industrial processes, business and trade practices to improve resource efficiency, which results in reduced GHG emissions, enhanced resilience to climate change impacts and improved productivity and competitiveness in national and international markets.
The project will begin by identifying the policy and market barriers to more resource efficient – or more sustainable – industrial production through analysis of the entire value chain associated with selected industrial products, as well as the operation of the industrial process. On the basis of this analysis, and an assessment of international best practice, the project will demonstrate the practical steps policy makers can take to improve the incentives for industry to invest in sustainable industrial production. It will also highlight the opportunities that exist for business to invest in sustainable industrial production, including industrial enterprises, as well as financial institutions and consulting firms providing a service to industry.
In addition to raising awareness of sustainable industrial production, the project will provide technical assistance, training and tools to policy makers and industry stakeholders to allow them to act on the challenges and opportunities within sustainable industrial production. For policy makers, the project will strengthen capacity of key areas of MOIT and other Ministries to enable them to develop and revise the policy and strategic framework governing the industry sector and establish mechanisms to provide access to additional financial resources to help meet the challenges of energy efficient and sustainable production. For industry stakeholders, the project will assist financial institutions and service providers to establish or enhance their businesses in the targeted industry sub-sectors through green business model development, energy efficiency technology training and product targeting.
What are the project's key results?
Outcome 1: Policy and market barriers to commercially viable investments in targeted industry sub-sectors to reduce GHG emissions, enhance climate resilience and exploit associated green trade opportunities are identified and options to overcome barriers are developed.
Outcome 2: Increased knowledge and capacity of policy makers at MOIT and other relevant Ministries has enabled the Government of Viet Nam to develop evidence-based policy measures to promote sustainable industrial development.
Outcome 3: Greater knowledge of sustainable industrial production and capacity of financial institutions and consulting firms has improved the investment environment for industrial enterprises in target industry sub-sectors to reduce GHG emissions and increase resilience to climate change impacts.
Finance, Executing and Implementing Agency
|Project Number||Funding||Executing Agency||Implementing Agency|
|81765 or 65128||TRAC, UN One Plan, UNDP Low Emission Capacity Building||Ministry of Industry and Trade (MOIT)||Industrial Safety Techniques and Environment Agency of MOIT|
Delivery in Previous Fiscal Year