Vietnam needs to prepare financing for just energy transition
Increasing the capacity of domestic financial institutions to mobilise long-term capital is at the core of the climate transition in Vietnam.
Source: vir.com.vn
Stay updated with breaking news from Uli Volz. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Increasing the capacity of domestic financial institutions to mobilise long-term capital is at the core of the climate transition in Vietnam.
Given the current status, a novel public development bank or energy-focused financial vehicle could support Vietnam to realise its goal of transitioning to a low-carbon, climate-resilient economy in an equitable manner.
Initial results of the energy transition to date have proven that finance is not a constraint and new governance solutions are key to a Just Energy Transition.