Vietnam seeks to unlock 700 billion USD for green transition
Hanoi, Aug. 27 -- Vietnam's green transition requires hundreds of billions of US dollars in investment, while international funding is considered readily available. The challenge is to improve the country's capacity to absorb capital, standardise projects and develop effective financing channels to connect global resources with green projects at home. To fulfil its commitment to achieve net-zero emissions by 2050, Vietnam needs to mobilise around 700 billion USD over the course of its long-term transition. The scale of the funding requirement highlights the need to expand sources beyond the State budget, particularly private and international capital. Capital available, but projects still struggle to attract funding However, according to ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.