AFD pledges 20 millions euros to help Vietnam respond to climate change

 The French Development Agency (AFD) will provide a 20-million-Euro loan to Vietnam to contribute to the Support Program to respond to climate change (SP-RCC), said the French Embassy to Hanoi today May 14.

 

This budgetary support comes in addition to around 85 millions Euros that has been granted by the Government of Japan to support this initiative.

 

In case the sea-level would rise of one meter, close to 5% of Vietnam’s land, 11% of its population, 7% of its agricultural land would be affected. Vietnam’s GDP would suffer from a 10% negative impact. Confronted to these challenges, the Vietnamese Prime Minister has approved the National Target Program to Respond to Climate Change (NTP-RCC) in December 2008.

 

Japan International Cooperation Agency (JICA) and AFD will support NTP-RCC implementation through their commitment to finance SP-RCC. This program aims at promoting the development of a legal and regulatory framework to foster climate change mitigation and adaptation measures as well as at facilitating the implementation of pilot actions.

 

It will allow for GHG emissions reduction and capacity strengthening for the State to better respond to climate change impacts.

(CPV)