Both Vietnam and Denmark attended COP 28 with high-level delegations led by their two Prime Ministers. Vietnamese Prime Minister Pham Minh Chinh met with Danish Prime Minister Mette Frederiksen to discuss the long-term and effective cooperation between Vietnam and Denmark in the field of green transition and energy transition.
At the meeting, the two Prime Ministers highly appreciated the long-term and effective cooperation between Vietnam and Denmark, especially in the field of climate change and energy transition. Based on the Green Strategic Partnership announced by the two Prime Ministers on November 1, 2023, the two government leaders also agreed to direct relevant agencies to coordinate in implementing measures to deepen bilateral cooperation between the two countries.
On the occasion of Vietnam announcing the Resource Mobilization Plan for the implementation of the Just Energy Transition Partnership (JETP), of which Denmark, along with the G7 countries, the EU, and Norway are partners, Danish Prime Minister Mette Frederiksen expressed: "The Government of Vietnam has taken an important step in implementing the JETP. At this strategic moment for Vietnam's green transition, Denmark and the International Partnership Group (IPG) are always ready to support Vietnam in its efforts to achieve the ambitious goal of net zero emissions by 2050. Denmark has more than 40 years of experience in the green transition and the Danish experience shows that green transition can be a driving force for job creation and green economic development. We are committed to continuing to exchange experience and technology to support the just energy transition in Vietnam".
According to Mr. Nicolai Prytz, Danish Ambassador to Vietnam, at COP 28, Denmark will promote the achievement of an agreement on the gradual reduction and cessation of fossil fuel use globally, setting targets to dramatically increase the proportion of renewable energy as well as enhance the use of energy efficiency.
In Vietnam, Denmark is cooperating and supporting Vietnam in achieving these ambitious goals through the Energy Partnership Programme between the two countries. Over the past 10 years, the Programme continues to support and exchange with the relevant Vietnamese authorities the knowledge and tools needed to develop and implement policies and plans for the energy sector transition. The recent establishment of the Green Strategic Partnership between the two countries has opened up an even greater opportunity to strengthen long-term cooperation in the field of green transition, while moving towards a low-carbon economy in key sectors of the economy.
The results and experiences from the Danish-Vietnamese Energy Partnership Programme will also be widely shared in Vietnam’s sideline meeting room at COP 28 (Vietnam Pavilion). The Danish Energy Agency’s Global Partnership Directors will present on “Denmark’s green transition experience and lessons learned from the Energy Partnership Programme with Vietnam” and “How Denmark monitors emissions and emissions from the Vietnamese energy sector based on the Energy Outlook Report”.
At COP28, Denmark announced a total of $50 million in support for countries most vulnerable to climate change. Half will be allocated to the newly established Loss and Damage Fund on the first day of COP28. Denmark will also launch the Group of Negative Emissions (GONE) coalition, creating a race for the top spot among countries in setting ambitious targets to reduce the impacts of climate change.
COP28 is the most important COP since the Paris Agreement was adopted, aiming to accelerate global emissions reduction efforts to achieve net zero emissions by 2050, and then net negative emissions if the Paris Agreement's goal of limiting global temperature increase to no more than 1.5 degrees is to be maintained.
Vietnam and Denmark have both set ambitious emissions targets. At COP 26, Prime Minister Pham Minh Chinh pledged that Vietnam would achieve net zero emissions by 2050. This commitment has sent a clear signal to the international community about Vietnam's orientation and determination towards developing a low-carbon and sustainable economy. Meanwhile, Denmark, one of the world's leading countries in green development, aims to reduce emissions by 70% by 2030, 100% by 2045 and 110% by 2050, meaning it will become a net negative emitter by 2050.
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