(VOVWORLD) - An agreement to provide loss and damage funding for vulnerable countries hit hard by climate disasters is a breakthrough of the recently concluded COP27 climate change conference in Sharm El-Sheikh, Egypt, said Ngo To Nhien, General Director of the Vietnam Initiative for Energy Transition think tank.
 A solar farm at the foot of Cam Mountain in An Giang province (Photo: VNA) |
During at a talk show in Hanoi on Monday, Nhien recalled Vietnam's strong commitment to achieving net-zero emissions by 2050 at last year’s COP26 conference in Glasgow, Scotland.
COP27 highlighted adaptation, loss recovery, and feasibility in implementing each country's goals. Special difficulties face developing countries like Vietnam, she added.
Financial institutions and the private sector are expected to announce the results of their efforts at the COP28 climate change conference, scheduled to convene from November 31 to December 12 next year in the United Arab Emirates.