At the Climate Change Summit held at COP26, Glasgow, United Kingdom, the Prime Minister Pham Minh Chinh declared that Viet Nam is committed to achieving Net-Zero carbon emissions by 2050 as well as participating in all key global pledges at COP26. The net-zero emissions by 2050 is an ambitious target,
but achievable with the strong leadership of the Government It is now time to align policies, legal framework, strategies, plans, investments to
achieve these new climate targets. UNDP, in collaboration with development partners, and other stakeholders, is working closely with the Department of
Climate Change, Ministry of Natural Resources and Environment in preparing a new National Climate Change Strategy for the period 2021-2050, with the vision
to 2100. The new Climate Change Strategy needs to foster innovation, technology transfer, cooperation and resource harmonization in two important ways. The first is in making a just transition across key sectors (energy generation and consumption – electricity, industry, agriculture, transportation, and construction) for emission reduction; Secondly, ensuring that climate adaptation solutions are prioritized through climate finance and development investments to protect the most vulnerable people who are at the frontline of the battle against the impacts of climate change and disasters.

This report is part of UNDP’s technical support package to the formulation of the new Climate Change Strategy. It includes latest analysis and recommendations on policy actions that Viet Nam should consider prioritizing to achieve the national climate targets, in line with the Paris Agreement, and to join global efforts to reduce global warming below 1.5oC by the end of this century. The report provides valuable lessons and case studies from various
developing and developed countries and economies who are making progress and in transforming their economies to become carbon neutral by 2050 or sooner.