The expanded G7 Summit in Hiroshima will take place on May 20-21, 2023 - Photo: VGP/Nhat Bac
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 "Joint efforts for a sustainable planet", focusing on important topics including climate change adaptation, sustainable energy transition and environmental protection.
As one of the first leaders to speak at the meeting, Prime Minister Pham Minh Chinh emphasized the message that sustainable development, climate change response, emission reduction and energy transition can only be successful through a global, all-people approach, promoting multilateralism, self-reliance and self-reliance of each country and extensive international cooperation.
The Prime Minister expressed his views on ensuring fairness and rationality, taking into account different conditions and levels among countries; ensuring strategic balance between clean energy transition and global energy security; building fair, diverse, highly practical energy transition roadmaps that are consistent with market rules.
The Prime Minister emphasized that human resources, science, technology and innovation are the central driving force for sustainable development of every country, and the solution to the problem of both rapid and sustainable growth. The Prime Minister suggested that G7 countries and international organizations increase support for developing countries in technology transfer, improving capacity in institutions, infrastructure, human resources, management methods, and building an ecosystem for clean energy development.
The Prime Minister said that the mobilization and effective 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 need to cancel, extend and restructure debt for poor countries. The Prime Minister proposed 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.
Prime Minister Pham Minh Chinh speaks at the event on the Global Partnership for Infrastructure and Investment (PGII) - Photo: VGP/Nhat Bac
Regarding Vietnam, the Prime Minister affirmed his determination to achieve the goal of bringing net emissions to zero by 2050, although Vietnam is still a developing country, in transition, and a country that has experienced many wars. Assessing this as a huge challenge, it is the path Vietnam has chosen on the basis of promoting internal strength as a strategy, a decisive, fundamental, long-term, and external strength as an important, breakthrough.
The Prime Minister emphasized his support for Japan's "Asian Zero Emission Community" (AZEC) initiative and proposed that G7 countries and partners continue to accompany Vietnam in implementing the Just Energy Transition Partnership (JETP) in a practical and effective manner; contributing to helping Vietnam promote its potential and advantages, become a regional renewable energy center, deeply participate in supporting industrial production chains for 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 2021-2030 period, with a vision to 2050, to promote renewable energy development.
The Prime Minister hopes to continue receiving effective support and cooperation in managing and sustainably using water resources, improving the capacity to respond to climate change and rising sea levels, especially in the Mekong Delta of Vietnam, as well as supporting the sustainable development of the Mekong Sub-region.
Prime Minister Pham Minh Chinh and leaders of the expanded G7 countries - Photo: VGP/Nhat Bac
At the meeting, many leaders shared Prime Minister Pham Minh Chinh's assessment of the importance of solidarity and international cooperation in responding to global challenges, emphasizing the need to quickly make up for the financial shortfall in climate change adaptation.
The leaders also supported Vietnam’s stance on balancing the implementation of the net zero emissions target with ensuring energy security. Many countries emphasized that the energy transition can be implemented with many different roadmaps, suitable to each country’s circumstances and conditions.
G7 countries affirmed their determination to implement new initiatives such as JETP, Green Climate Fund, Global Partnership for Infrastructure and Investment (PGII), Asian Net Zero Emission Community (AZEC)...
Developing countries proposed promoting cooperation in technology transfer, preferential capital provision, technical assistance, and implementing the commitment of 100 billion USD for climate finance of developed countries.
Many opinions also proposed promoting the diversification of supply chains, ensuring the supply of essential minerals for clean energy development.
Also within the framework of the Conference, Prime Minister Pham Minh Chinh attended the event on the PGII Initiative. This is an important initiative of the G7 group in promoting high-quality infrastructure investment in developing countries through public finance mobilization and public-private partnership.
The expanded G7 Summit in Hiroshima will take place on May 20-21, 2023. On May 21, the expanded G7 leaders will continue to attend the 3rd Session on the theme "Towards a peaceful, stable and prosperous world"./.
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