15:46 | 21/07/2015 Science - Technology
(VEN) - French Development Agency (AFD) in Vietnam Director Rémi Genevey pledged to provide loans for Vietnam to cope with climate change and drive towards green growth.
AFD pledges to provide loans for Vietnam to implement a climate change mitigation program
AFD’s development strategy is based on ensuring sustainable urban development, supporting the manufacturing sector while ensuring social responsibility and protecting the environment and coping with climate change. The last point is seen as a top priority.
AFD signed a financing agreement for a 20 million euro loan to implement a climate change mitigation program in Vietnam, aiming at main-steaming climate change concerns into national development policies, especially in energy, agriculture and water management and enhancing national management capacity on the issue.
AFD will support Vietnam in implementing renewable energy projects, ensuring infrastructure development along river deltas, deploying programs to cope with climate change and developing clean energy to reduce greenhouse gas emissions. In addition, AFD is preparing for a number of support projects in terms of infrastructure such as building irrigation works and improving urban environment in the provinces of Ha Tinh, Binh Thuan and Hue.
To help Vietnam cope with climate change, AFD will also implement activities to raise community awareness such as organizing exhibitions featuring 60 solutions to cope with climate change in several cities and provinces like Vinh Phuc, Da Nang, Hue, Lao Cai, Hanoi and Ho Chi Minh City and seminars on climate change in rural areas. These activities are a part of the 21st session of the Conference of the Parties to the United Nations Framework Convention on Climate Change which will be organized in Paris in December.
In addition to loans, AFD will also provide technical support for the Vietnamese government, contributing to defining energy efficiency goals in the steel sector and preparing for action plans in energy audit in Da Nang’s buildings. Moreover, AFD will organize seminars to share experience in monitoring public spending for the climate and renewable energy.
Coping with climate change is one of the strategic directions for AFD’s activities in Vietnam. During the 2006-2014 period, AFD provided 471 million euro in financing for 16 projects in Vietnam such as irrigation works, flood prevention measures and agricultural conservation.
AFD pledged to provide 89.3 million euro for a number of development projects across Vietnam in 2014 including 69 million euro for the pilot urban railway 3 in Hanoi, 20 million euro for the support program to respond to climate change and 300,000 euro for renovation of the Ngu Ha Canal in Hue, and 1.4 million euro for non-governmental organizations in Vietnam. In addition, the EU has assigned AFD to manage 6-million euro grant for the Ho Chi Minh City Finance and Investment Company (HFIC) for the first time. The director said that AFD disbursed a record of 111 million euro for projects in Vietnam last year.