Enhancing the role of private investment in green growth for the 2021-2030 period

05/11/2021 - 1011 Views

The Central Institute for Economic Management in collaboration with the German Cooperation Development GIZ organizes a consultation workshop on 3rd November 2021 for the research on “Enhancing the role of private investment in green growth for the period 2021 – 2030”.The workshop is held within the framework of the Macroeconomic Reforms/Green Growth Programme, implemented by GIZ Viet Nam on behalf of the German Federal Ministry of Economic Cooperation and Development (BMZ).

Enterprises are playing key roles in addressing problems of global warming, environmental pollution and natural resource degradation. Therefore, attracting private investors to participate in activities aimed at green growth objectives would will contribute to promoting the role of the private sector in the economy, and at the same time to implementing the National Strategy on the Fourth Industrial Revolution, the National Green Growth Strategy and Vietnam's commitments on greenhouse gas emissions reduction.

With the support of the GIZ Macroeconomic Reform/Green Growth Program, the Central Institute for Economic Management has conducted a study on "Enhancing the role of private investment in green growth in the period 2021-2030”. The research focuses on the following two aspects: (1) The role of private investment in renewable energy (wind power, solar power and biomass power), and environmental services (water supply, drainage, wastewater treatment, collection and treatment of solid waste, scrap recycling and other environmental services); and (2) Policies to mobilize resources for green growth in Viet Nam, including private investment sources for renewable energy, solid waste collection, treatment and recycling, water supply and drainage, wastewater treatment.

Dr. Michael Krakowski, Director and Chief Technical Advisor of the Macroeconomic Reforms/Green Growth Programme in Vietnam, said that Vietnam is experiencing rapid economic growth but also suffering negative impacts from climate change, air and environmental pollution. This is a huge challenge that requires timely and effective response measures to ensure sustainable development, and Vietnam needs to persistently popularize and support clean production on a large scale and expand investment in clean and renewable energy development.

Dr. Ho Cong Hoa, a representative of the CIEM’s research team, said that it is necessary to have a consensus in opinions on building and completing a legal corridor, mechanisms and policies towards encouraging private enterprises to invest in green growth and environmental protection.  He proposed the Government and relevant agencies issue a pilot mechanism to implement projects in the form of public-private partnership (PPP) in water and waste collection and treatment and water supply in rural areas. 

(Vietnam Plus)

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