UK begins second phase of climate finance accelerator in Vietnam
(VOVWORLD) - The UK Embassy in Vietnam has announced a new wave of capacity-building support for low carbon projects that can benefit communities across the Southeast Asian nation.
 (Photo: dangcongsan.vn) |
Launched in 2022, the climate finance accelerator (CFA) is a technical assistance program funded by the UK government that responds directly to the urgency and scale of the climate crisis.
It brings together project developers and financial experts who can build and finance climate projects at scale, offering technical assistance and support with financial models and pitch materials, as well as advice about enhancing gender equality and social inclusion (GESI).
Ambassador Iain Frew emphasised the launch of the next phase of CFA Vietnam as a testament to the success and impact of the first phase.
The UK is committed to supporting Vietnam in its transition to a net zero, climate-resilient and nature-positive future, he said.
The CFA is a 14.8 million USD technical assistance program funded by the International Climate Finance through the UK Government's Department for Energy Security and Net Zero. It is currently being carried out in nine countries.