Vietnam, G7 nations reach $15.5B agreement to quit coal, expand renewable energy

Nine wealthy, developed nations will help Vietnam accelerate its transition from coal to renewable energy under a $15.5 billion agreement

Nine wealthy, developed nations will help Vietnam accelerate its transition from coal to renewable energy under a $15.5 billion agreement announced Wednesday.

The Just Energy Transition Partnership deal between the G7 nations, Norway, and Denmark follows a similar deal with Indonesia reached during COP27. The funding, mostly in the form of loans from both public and private sources, seeks to help Vietnam peak its greenhouse gas pollution in 2030 instead of 2035.

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Source: Eco Watch

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