G-7 Agrees $15.5B Energy Deal with Vietnam to Cut Emissions

G-7 Agrees $15.5B Energy Deal with Vietnam to Cut Emissions

• A group of nine rich industrialized nations approved a deal to provide Vietnam with $15.5 billion to help the Southeast Asian nation move faster from coal power to renewable energy, cutting its climate-damaging pollution.
• The Group of Seven major economies, along with Norway and Denmark, said in a statement that the aim is to help Vietnam reduce its emissions to “net zero” by 2050, a goal which expert say needs to be met globally to cap global warming at 1.5 degrees Celsius.

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Published date : 16 Dec 2022 05:57PM