Vietnam Seeks to Attract $390M in Aid from GCF to Adapt to Climate Change

The Vietnamese Ministry of Planning and Investment (MPI) has said that it would continue to coordinate with Accredited Entities (AEs) to compile portfolios for prioritized projects on climate change response with a view to attracting projected $390 million in non-refundable aid from the Green Climate Fund, local media said. The MPI said while making an announcement about Vietnam’s fulfillment of its commitment to contributing $1 million to the GCF for the period 2016-2020 via the National Designated Authorities (NDA). The Green Climate Fund (GCF), founded by the United Nations Framework Convention on Climate Change (UNFCCC) in 2010, is the world’s largest dedicated fund helping developing countries reduce their greenhouse gas emissions and enhance their ability to respond to climate change. (CafeF, VietnamBiz, An Ninh Thu Do, Thoi Bao Ngan Hang)