Vietnam and Global Energy Alliance for People and Planet (GEAPP) build on commitments made at COP27 to accelerate just energy transition

• Memorandums of Understanding signed between GEAPP and the Ministry of Planning and Investment, the Ministry of Natural Resources and Environment, and the Institute of Energy
• Collaboration will support Vietnam’s ambitious climate and energy goals to reach net-zero emissions by 2050

24 February 2023, Hanoi –The Government of Vietnam and the Global Energy Alliance for People and Planet (GEAPP) have signed Memorandums of Understanding across three ministries to collaborate on shared goals designed to deliver Vietnam’s energy transition efforts and its commitment to reach net-zero emissions by 2050.

This announcement builds on the meeting between Vietnam’s Deputy Prime Minister Tran Hong Ha and GEAPP CEO Simon Harford at the UN Climate Change Conference, COP27 in Egypt, and comes at the conclusion of a meeting between GEAPP; the Government of Vietnam; the Ministry of Industry and Trade (MOIT); the Ministry of Planning and Investment (MPI); and the Ministry of Natural Resources and Environment (MONRE). These meetings reflect a shared commitment to support Vietnam on its path to accelerate an equitable energy transition that will benefit both people and planet.

“The clean energy transition is among the most urgent issues of our time”, said Simon Harford, CEO of the GEAPP. “When it comes to climate change, South East Asia is one of the world’s most vulnerable regions,  that is why we are committed to working with Vietnam, and other neighboring countries, in their efforts to decarbonize and expand clean energy to millions of citizens, stimulating sustainable, green economic growth and prosperity.”

Vietnam and GEAPP seek to foster and hasten collaboration in harnessing the considerable human and financial resources needed to increase s access to reliable and affordable energy, while also combating climate change. The areas for potential partnership and support include: capacity-building and knowledge-sharing activities, technical assistance, and research and impact assessments of issues relevant to the just energy transition and green growth.  

This collaboration marks an important step in GEAPP’s mission to catalyze and scale just energy transitions in South East Asia and worldwide. It follows GEAPP’s announcement at COP27 of its support of Just Energy Transition Partnership (JETP) initiatives in Vietnam, Indonesia, and South Africa.

About the Global Energy Alliance for People and Planet

The Global Energy Alliance for People and Planet (GEAPP) is an alliance of local entrepreneurs, governments in emerging and developed economies, and technology, policy, and financing partners.

Our common mission is to support developing countries’ shift to a clean energy, pro-growth model that ensures universal energy access and unlocks a new era of inclusive economic growth, while enabling the global community to meet critical climate goals during the next decade. In doing so, as an Alliance we aim to enable 150 million new jobs, reduce 4 gigatons of future carbon emissions, and expand clean energy access to one billion people. With philanthropic partners, Bezos Earth Fund, IKEA Foundation, and The Rockefeller Foundation, GEAPP works to build the enabling environment, capacity, and market conditions for private sector solutions, catalyze new business models through innovation and entrepreneurship, and deploy high-risk capital to encourage private sector solutions, and assist just transition solutions. For more information, please visit www.energyalliance.org and follow us on Twitter at @EnergyAlliance.

Contacts 

Global Energy Alliance for People and Planet:

Eric Gay

+1 917 912 6190

eric.gay@energyalliance.org