World Bank supports Vietnam to tackle climate change
Friday, February 03, 2012
(VOVworld) The World Bank (WB) has just approved a 70 million USD credit project to help Vietnam tackle climate change challenges. This is the first approved project of World Bank’s 3 credit packages aimed to support Vietnam in its efforts to address climate change by adopting policies and strengthening institutional capacity to promote climate resilient and lower carbon intensity development. According to the WB, Vietnam is one of the most vulnerable countries affected by climate change, in particular to floods, storms, and sea-level rise. The project focuses on four policy goals under the three thematic pillars of adaptation, mitigation and cross-cutting issues, including climate-resilient development, lower carbon intensity, strengthening the capacity and preparedness to formulate, prioritize and implement climate change policies and strengthening the financing framework to support climate change action.