[COP28 Side Event] Lifting up G-B Partnership to a Next Level: Business Dialogue for Green Transition and Business Engagement in Net Zero and NDC Implementation in Viet Nam
Day：2024.01.05
event ｜
Person in charge
Koji Fukuda
JICA
Long-term expert (Chief advisor)
Overview
Date: December 6, 2023
Sponsors: MONRE, JICA
Location（パビリオン名）：Viet Nam Pavillion
Moderators and panelists
Nguyen Tuan Quang
MONRE
Deputy Director General
Dept. of Climate Change
Luong Quang Huy
MONRE
Head, Mitigation Division, Department of Climate Change
Koji Fukuda
JICA
Long-term expert (Chief advisor)
Boonrod Yaowapruek
Creagy
Shigeo Sergio Kato
Japan Climate Initiative (JCI)
Co-Representative
Tim Evans
HSBC Vietnam
CEO
Do Ngoc Quynh
Sovico Group
Deputy CEO
Nguyen Thi Thien Huong
Maritime銀行（MSB）
Vice President
Primary objectives and outcomes
Recognizing the critical role of private sector in achieving NDC and Net Zero target implementation, this dialogue brought together regional non-state actors, policy maker, proactive financial institutions and investment group for decarbonization to learn from net-zero private-public partnership experiences in Thailand and Japan, as well as to discuss on-going effort to transition to decarbonization, opportunities and challenges in the context of Viet Nam.
Content of the discussions
The dialogue, moderated under the Chief Advisr of JICA's NDC implementation support (SPI-NDC), consisted (1) sharing of country experiences on emerigng private sector and non-stakeholder partnership initiatives for decarbonization in the region, as well as discussion among policy makers, financing institutions and investor group on the theme of decarbonization investment and transition finance.
The experiences and on-going effort of Thailand's Carbon Neutral Network (TNCC) among private sector enterprises, and Japan's Climate Initiative (JCI) as the non-state actor consocia for decarbonization, suggests the common role to consolidate policy recommendation, forge network building, and enable sharing of relevant information to enhance preparedness of member stakeholders.
Subsequent dialogue with business partners indicated the necessity to tailor measures and actions according to different risk appetites, emerging efforts of financial institutions to form inhouse ESG committees to develop green creditlines. As for the ways forward, all suggested the need to form harmonized common rule for green/sustainable finance, as well as strategizing communication to reach out to SMEs to effectively engage in decarbonization agenda.
Panel Discussion
Group photo of the speakers
Comment by Mitomori, Koji (JICA)
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