The department has just issued a report evaluating the implementation of Resolution No. 24-NQ/TW of the 11th Party Central Committee on proactively responding to climate change.

In its report, the department said that the financial need to implement climate change response goals in Vietnam is huge. However, the estimated funding for this work from the State budget can meet only 130 billion USD.

At present, climate change has become an irreversible trend. Therefore, adapting to climate change and achieving the net zero emissions target is an opportunity for sustainable development.

For effective response, the department said that it should receive the highest priority in development policies.

In addition to domestic resources, Vietnam will need to strengthen international cooperation and mobilise resources from bilateral and multilateral ties for climate change adaptation and reducing greenhouse gas (GHG) emissions, the department added.

Source: VNA