The French Development Agency (AFD) has committed to add EUR20 million in loan for Vietnam’s support program to respond to climate change (SP-RCC), the French Embassy to Hanoi said in a statement May 14. Earlier, the Japanese government funded JPY10 billion (EUR85 million) for the program, the embassy noted. The SP-RCC is aimed at promoting the development of a legal framework to foster climate change mitigation and adaptation measures in Vietnam. If sea level rises 1 meter, 5% of Vietnam’s land, 11% of its population and 7% of its agricultural land would be affected with the loss estimated at 10% of GDP. The Vietnamese government approved the National Target Program to Respond to Climate Change (NTP-RCC) in 2008. The Japan International Cooperation Agency (JICA) and AFD will support the NTP-RCC implementation through their commitment to financing the SP-RCC.
