Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    There will be about 6,650 job cuts at Dell

    February 6, 2023

    Bayern reclaim Bundesliga lead with 4-2 win over Wolfsburg

    February 6, 2023

    Strongest earthquake in decades kills hundreds in Turkiye, Syria

    February 6, 2023
    Facebook Twitter Instagram
    • Home
    • Contact Us
    Addis Ababa WeeklyAddis Ababa Weekly
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Addis Ababa WeeklyAddis Ababa Weekly
    Home » Vietnam needs $368 billion to build a climate-resilient economy – World Bank
    News

    Vietnam needs $368 billion to build a climate-resilient economy – World Bank

    July 16, 2022
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

    To build a climate resilient and low-carbon economy, Vietnam needs to invest approximately $368 billion between now and 2040, according to the World Bank’s Vietnam Country Climate and Development Report (CCDR). World Bank Group’s Vietnam Country Climate and Development Report is the first of a series of climate and development reports, according to Vietnam News Agency (VNA).

    Vietnam needs $368 billion to build a climate-resilient economy - World BankWorld Bank Country Director for Vietnam Carolyn Turk says climate change is increasingly impacting Vietnam’s development and now poses critical questions about how to respond. CCDR aims to balance the country’s development goals with the increasing climate risks associated with climate change.

    Vietnam’s coastline includes many major cities and production sites, making it one of the world’s most vulnerable countries to sea level rise, extreme weather conditions, and temperature increases. According to initial estimates, climate change cost the country approximately US$10 billion in 2020, or 3.2% of its GDP.

    A series of urgent and impactful interventions should be implemented, including a coordinated regional program for the Mekong Delta, a coastal resilience investment program for urban centers and connecting infrastructure, a targeted air pollution reduction program for Hanoi, an accelerated clean energy transition, and a new social contract for vulnerable populations. It will require additional investments of $368 billion cumulatively by 2040 for the country to become climate-resilient and net-zero-emission.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

    Related Posts

    Strongest earthquake in decades kills hundreds in Turkiye, Syria

    February 6, 2023

    Pakistan mosque suicide bombing death toll rises to 88

    January 31, 2023

    Somalia faces famine as US urges more donation

    January 30, 2023

    Suicide bomber kills 20 and injures 96 at mosque in Pakistan

    January 30, 2023

    Ex-general Petr Pavel beats populist rival in Czech presidential election

    January 30, 2023

    Australian authorities are searching for a missing radioactive capsule

    January 28, 2023
    Latest News

    There will be about 6,650 job cuts at Dell

    February 6, 2023

    Bayern reclaim Bundesliga lead with 4-2 win over Wolfsburg

    February 6, 2023

    Strongest earthquake in decades kills hundreds in Turkiye, Syria

    February 6, 2023

    African leaders commit to ending AIDS among children by 2030

    February 2, 2023

    Etihad Airways increases its frequency to Frankfurt

    February 2, 2023

    Lebanon devalues its currency by 90 percent, market rate is much lower

    February 1, 2023

    Outstanding operational performance by Etihad Cargo in 2022

    February 1, 2023

    Indian FM presents $550 billion progressive and inclusive Union Budget

    February 1, 2023
    © 2021 Addis Ababa Weekly | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.