BERNAMA – Vietnam’s climate investment opportunities will reach up to USD757 billion by 2030, focusing on renewable energy, green construction, energy efficiency and transportation, reported Xinhua based on the latest statistics of the International Finance Corporation (IFC).
Vietnam’s climate finance sector is still facing significant challenges in ensuring a strong alignment between major investment opportunities and environmental goals, Vietnam News Agency reported on Friday, citing Allen Forlemu, IFC’s regional industry director for Financial Institutions Group, Asia and Pacific.
He proposed changing the way banks operate and transitioning to sustainability.
The IFC also recommended Vietnam focus on scaling green infrastructure, particularly green energy, green transport, energy efficiency and green buildings, and the transition from ‘brown’ and heavy industries towards sustainable and low carbon pathways, exposing an enormous long-term funding gap.
State Bank of Vietnam Deputy Governor Pham Thanh Ha said the Vietnamese government is introducing a green finance classification system to promote and guide the expansion of sustainable investments, Vietnam News Agency reported.
