PM Pham Minh Chinh attends the high-level discussion in the framework of the second Partnering for Green Growth and the Global Goals 2030 (P4G) Summit (Photo: VNA)
Hanoi, (VNA) – Prime Minister Pham Minh Chinh has
proposed six important solutions at the high-level discussion held on May 31 in
the framework of the second Partnering for Green
Growth and the Global Goals 2030 (P4G) Summit.
Government leader stressed that striking a balance between the urgent need for
economic recovery and the demand for greener and more sustainable growth in the
post-COVID era is both an objective and a pressing requirement for development
of all nations.
He said the world
is now witnessing the compounding effects at an unprecedented scale and scope
arising from three major catastrophes, namely the COVID-19
pandemic, climate change and natural resources depletion, not to mention the
ageing population in many countries. These challenges have left
dire and multidimensional consequences, not only for today but also for future
pandemic, and those challenges and hardships have shown the world more clearly
the importance of environmental protection and harmony between human and
nature, and created a momentum to push global advancement and capability.
perspective, Chinh suggested that green recovery, green economy and
circular economy must be vigorously pursued at the national, regional and
global levels, under the general framework of the United Nations Sustainable
Development Goals 2030 and the Paris Agreement on Climate Change.
Second, he noted
that green transition requires a suitable roadmap and it is critical to take
into account different conditions and capabilities of countries, adding that
developed countries should continue to take the lead in realizing their
emission reduction commitments.
The third point
is that it is imperative to develop institutions to encourage the support and
engagement of all stakeholders, particularly the business community and the
people. It is indeed crucial to promote public-private partnership (PPP)
projects for green growth and establish new value chains and sectors through
“greening” industrial and agricultural production, and services.
Fourth, it is essential to enhance adaptability for the regions
worst hit by climate change, including the Mekong Subregion and Vietnam’s
Mekong Delta. The severe challenges in those regions call for the close and
responsible cooperation from the international community, especially in the
sustainable management and use of cross-border water resources. This will help
ensure food and water resources security in the region and the world.
Fifth, preventing and curbing the COVID-19 pandemic successfully
are most urgent for growth to bounce back. The efforts of each country are of
paramount importance, but effective international cooperation is indispensable.
Such collaboration spans from empathy for the emotional and
material loss of others, sharing of technology, financial and medical
resources, especially vaccines, facilitation of international trade and
investment, to cooperation in enabling transportation and movement of people
and goods between countries, and avoiding disruption of global supply chain.
Sixth, the PM called for the spirit of unity, responsibility and
mutual respect among countries in the common interest of humanities given the
current situation. “We must sustain a favourable international environment and
continue to promote peace, stability and cooperation for development. This will
benefit our economic recovery and international cooperation,” he said.
PM Pham Minh Chinh at the P4G Seoul summit (Photo: VNA)
The PM underlined that Vietnam is
determined to pursue its “dual goal” despite numerous challenges. This means
curbing the pandemic effectively while fostering fast and sustainable
socio-economic recovery and development. He stressed that Vietnam is striving
to ensure harmonious, rational and effective development, balance economic
growth with cultural and social factors, environmental protection and climate
Participants in the discussion shared the view that climate
change and the COVID-19 pandemic are two urgent global challenges. Many
stressed that green and sustainable recovery should be made the top priority of
countries and the international community so as to create breakthroughs in
implementing the Paris agreement on climate change and the 2030 Sustainable Development
The event concluded with the adoption of the Seoul Declaration
highlighting strong political commitments of P4G leaders and partners to
overcoming the climate crisis. The document also sets out major orientations and
solutions to green recovery.
The second Partnering for Green Growth and the
Global Goals 2030 (P4G) Summit took place in the form of videoconference over
two days, May 30 and 31.
P4G was formed in 2017 as an initiative of
Denmark. So far, it has 12 members and the engagement of more than 90
countries, international organisations as well as businesses across the globe.
P4G is a global platform pioneering green
partnerships and providing market-based solutions in developing countries. It
mobilises a global ecosystem consisted of countries, organisations,
corporations and civil societies committed to make a progress in delivering the
UN Sustainable Development Goals (SDGs) and the Paris Agreement.
P4G directly contributes to the development of
national climate agendas, global campaigns, and coalitions with a focus on
finding market-based solutions, mobilising the private sector and institutional
finance to deliver sustainable economic growth.
As a steppingstone to COP26, the P4G Summit will
provide a momentous opportunity for participating countries to raise their
ambitions, share cutting-edge solutions and build ideas that can bring the net
zero vision closer to realization.
Vietnam is one of the seven founding member of