National Assembly gets update on climate change responses
Ha Noi - Deputies attending the current National Assembly session got updates on climate change in Viet Nam in a meeting today. The meeting was jointly organized by the Committee of Science, Technology and Environment of the National Assembly, the Ministry of Natural Resources and Environment and the UN Development Programme (UNDP).
During the meeting, representatives from the Government presented to the deputies key activities and achievements in responding to climate change, including adoption of strategies and action plans and climate change and sea-level scenarios. UNDP Resident Representative a.i., Ms Louise Chamberlain highlighted key implications of international climate change negotiations for Viet Nam, including the need for strong domestic coordination mechanisms in support of accessing international climate finance and for setting policies and incentives to attract private sector investment to reduce emissions to accelerate sustainable economic growth.
Ms Chamberlain called on Viet Nam to phase out its indirect subsidies on the use of fossil fuels through further reform of the electricity sector and the pricing of petroleum products. "The gradual phasing out of fossil fuel will make renewable energy development feasible. The phasing out can be done in a revenue neutral way – that is, without affecting the earnings of both low-income households and businesses negatively – by simultaneously reducing taxes on income, employment, and profits,” she noted.