The Vietnam Environment Protection Fund (VEPF) under the Ministry of Natural Resources and Environment (MoNE) has held a seminar on the Clean Development Mechanism (CDM) to help more businesses approach investment capital sources for environmentally sustainable projects.
Attending the event on November 3 were representatives from VEPF, MoNE and the World Development Organisation of the Czech Republic, along with State management agencies, international organisations and businesses investing in the projects.
They proposed the establishment of an information dissemination programme for CDM and asked the ministries, departments and localities to integrate the CDM into their development strategies. The VEPF was also asked to provide more legal documents, creating favorable conditions for businesses to implement CDM projects.
VRPF is the state financial organisation which specialises in mobilising international and domestic financial resources to support environmental protection projects. So far, the fund has pledged a loan worth US$521 billion and donated VND21 billion.
Since Vietnam signed the Kyoto Protocol in September 2002, it has become one of 10 countries that have a potential for the implementation of CDM.
CDM is one of the Kyoto Protocol’s flexibility mechanisms for developing countries to achieve sustainable development and emission reduction targets.
