The Paris Agreement, which have been effective since 2016, is a milestone in the history of climate politics showing the world’s commitment to low-carbon transition and climate-resilient development. Signing this Agreement and handing the Nationally Determined Contribution have demonstrated the determination of Vietnamese Government in responding to global climate change.
WE ARE FACING A DIRECT EXISTENTIAL THREAT. CLIMATE CHANGE IS MOVING FASTER THAN WE ARE, AND ITS SPEED HAS PROVOKED A SONIC BOOM SOS ACROSS OUR WORLD. IF WE DO NOT CHANGE COURSE BY 2020, WE RISK MISSING THE POINT WHERE WE CAN AVOID RUNAWAY CLIMATE CHANGE, WITH DISASTROUS CONSEQUENCES FOR PEOPLE AND ALL THE NATURAL SYSTEMS THAT SUSTAIN US.António Guterres Secretary-General of the United Nations
To achieve this, Viet Nam have to mobilize resources to ensure that both public and private sectors have ambition and capacity to implement accelerated climate action at scale. However, the lack of transparency and climate-related data from companies has discouraged not only governments but also investors who are interested in climate-friendly investments. As Viet Nam faces pressure for emissions mitigation and threats of increasing number and severity of extreme weather events, it is urgent that companies better understand climate change and its implications on their businesses to serve both themselves and the nation towards sustainable development goals.
United Nation Development Program (UNDP) has long been accompanying Vietnam on the sustainable development path. Since May 2019, UNDP, with the collaboration of Vietnam Ministry of Planning and Investment (MPI), have introduced the Climate Business Index – a national disclosure and assessment system to the enterprise community in Vietnam. Because in climate change, we not only see challenges, we also see opportunities.