Vietnam’s plan for spending $15.5 billion for its clean energy transition to be announced at COP28

Vietnam's finalized plan on how to allocate $15.5 billion for transitioning to cleaner energy will be announced at the upcoming COP28 climate conference in Dubai. The initiative, part of the Just Energy Transition Partnership (JETP), involves key coordination with Vietnamese ministries. The United Kingdom, among nine industrialized nations contributing to this fund, emphasizes the importance of this milestone. The plan aligns with Vietnam's national energy strategy to shift away from coal and increase reliance on renewables, with details to be disclosed at the conference. Tang The Hung, from Vietnam's Department of Energy Efficiency, highlights the need for international support in realizing this ambitious energy transition.

Source: CNBC

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