The government of Vietnam and the Global Energy Alliance for People and Planet (GEAPP) have announced they will partner on shared goals designed to deliver Vietnam’s energy transition efforts and reach net-zero emissions by 2050. 

The partners have signed memoranda of understanding across three ministries to collaborate on those goals, which build on developments since a meeting last fall between Vietnam’s deputy prime minister Tran Hong Ha and GEAPP chief executive Simon Harford at the United Nations Climate Change Conference (COP27) in Egypt. The collaboration identified areas for potential partnership and support such as capacity building and knowledge-sharing activities, technical assistance, and research and impact assessments of issues relevant to the just energy transition and green growth. With philanthropic partners such as Bezos Earth Fund, IKEA Foundation, and the Rockefeller Foundation, GEAPP works to build the enabling environment, capacity, and market conditions for private sector solutions, catalyze new business models through innovation and entrepreneurship, and deploy high-risk capital to encourage private sector solutions, and assist just transition solutions.

“The clean energy transition is among the most urgent issues of our time,” said Harford. “When it comes to climate change, southeast Asia is one of the world’s most vulnerable regions. That is why we are committed to working with Vietnam and other neighboring countries in their efforts to decarbonize and expand clean energy to millions of citizens, stimulating sustainable, green economic growth, and prosperity.” 

(Photo credit: Getty Images/Khoa Nguyen)