Prime Minister Pham Minh Chinh proposed G7 countries and partners to contribute to helping Vietnam promote its potential and advantages, becoming a regional renewable energy center.

Prime Minister Pham Minh Chinh speaks at the Global Investment and Infrastructure Partnership (PGII) Event. Photo: VGP.

On the afternoon of May 20, within the framework of the expanded G7 Summit, Prime Minister Pham Minh Chinh attended and spoke at the session “Common efforts for a sustainable planet”, focusing on the following topics: These include climate change adaptation, sustainable energy transition and environmental protection.

As one of the leaders to speak first in the session, Prime Minister Pham Minh Chinh emphasized the message of sustainable development, response to climate change, emission reduction and energy transition can only succeed. through a global, all-people approach, upholding multilateralism, self-reliance and self-reliance of each country and extensive international cooperation.

The Prime Minister raised his point of view on ensuring fairness and rationality, taking into account the different conditions and levels between countries; ensuring a strategic balance between clean energy transition and global energy security; develop fair, diversified, highly practical energy transition roadmaps in line with market rules.

The Prime Minister emphasized that human resources, science, technology and innovation are the central driving force for the sustainable development of all countries, the solution to the problem of both rapid and sustainable growth.

The Prime Minister suggested that G7 countries and international organizations strengthen their support to developing countries in technology transfer, capacity building in institutions, infrastructure, human resources, management methods, and system building. clean energy development ecology.

The expanded G7 Summit in Hiroshima took place on May 20-21. Photo: VGP.

The Prime Minister said that the effective mobilization and use of resources is a key factor for sustainable development. G7 countries need to prioritize the timely and effective implementation of financial commitments for development, meeting the urgent requirements of debt relief, relaxation and restructuring for poor countries.

The Prime Minister suggested that it is necessary to take a creative approach in mobilizing diverse financial sources, focusing on public-private partnership (PPP), mixed finance associated with the participation of the private sector and foreign investment.

Regarding Vietnam, the Prime Minister affirmed his determination to realize the goal of bringing net emissions to zero by 2050 even though Vietnam is still a developing country, in transition, and a country that has experienced many wars. Assessing this is a huge challenge, but it is the path Vietnam chooses on the basis that promoting internal resources is strategic, decisive, fundamental, long-term, external forces are important and breakthrough.

The Prime Minister emphasized Japan’s support for the “Asian Zero Emissions Community” (AZEC) initiative and suggested that G7 countries and partners continue to accompany Vietnam in implementing the Agreement on Economic Cooperation and Development. a substantive and efficient equitable energy transition (JETP); contribute to help Vietnam promote its potentials and advantages, become a regional renewable energy center, deeply participate in supporting industrial production chains in clean energy and circular economy.

Affirming that wind and solar are energy sources that no one can take away, the Prime Minister shared that Vietnam has just announced the National Power Development Plan for the period 2021-2030, with a vision to 2050 to promote renewable energy development.

The Prime Minister wishes to continue receiving support and effective cooperation in management and sustainable use of water resources, improving capacity to respond to climate change and sea level rise, especially in the river delta. Vietnam’s Mekong Delta, as well as supporting the sustainable development of the Mekong Sub-region.

Prime Minister Pham Minh Chinh and leaders of the G7 countries. Photo: VGP.

At the meeting, many leaders shared Prime Minister Pham Minh Chinh’s assessment of the importance of international solidarity and cooperation in responding to global challenges, emphasizing the need to quickly make up the shortfall. finance in climate change adaptation.

The leaders also supported Vietnam’s view on balancing the implementation of the net zero emissions target with ensuring energy security. Many countries emphasize that the energy transition can be carried out with many different routes, suitable to the circumstances and conditions of each country.

G7 countries affirmed their determination to implement new initiatives such as JETP, Green Climate Fund, Global Investment and Infrastructure Partnership (PGII), Asian Net Zero Emission Community (AZEC). .

Developing countries proposed to promote cooperation in technology transfer, concessional financing, technical assistance, implementation of the commitment of 100 billion USD for climate finance of developed countries.

Many opinions also suggested promoting diversification of the supply chain, ensuring the supply of essential products for clean energy development.

Also within the framework of the Conference, Prime Minister Pham Minh Chinh attended the PGII Initiative Event. This is an important G7 initiative to promote high-quality infrastructure investment in developing countries through public financing and public-private partnerships.

The expanded G7 Summit in Hiroshima took place on May 20-21. On May 21, leaders of the expanded G7 will continue to attend the 3rd Session on the theme “Towards a peaceful, stable and prosperous world”.

Source: https://zingnews.vn/de-nghi-g7-ho-tro-viet-nam-tro-thanh-trung-tam-nang-luong-tai-tao-post1432967.html?oard=true