G7 to provide Vietnam $15.5 bln to cut coal in JETP deal

Published 14:21 on December 14, 2022  /  Last updated at 00:38 on December 23, 2022  /  Asia Pacific, Climate Talks, International, Other APAC  /  No Comments

A group of rich industrialised nations will provide Vietnam with $15.5 billion to aid the country's transition away from coal and save an estimated 500 million tonnes of CO2 by 2035, as part of the third Just Energy Transition Partnership (JETP) deal that was agreed on the sidelines of the EU-ASEAN Commemorative Summit on Wednesday.

A group of rich industrialised nations will provide Vietnam with $15.5 billion to aid the country’s transition away from coal and save an estimated 500 million tonnes of CO2 by 2035, as part of the third Just Energy Transition Partnership (JETP) deal that was agreed on the sidelines of the EU-ASEAN Commemorative Summit on Wednesday.

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