Correct Answer : $15.5 billion
Vietnam has reached a $15.5 billion agreement with a group of nine rich industrialised countries that would help the Southeast Asian nation cut its greenhouse gas emissions by shifting away from coal to renewable energy.
* In an announcement made on Wednesday, the Group of Seven (G7) major economies, along with Norway and Denmark, said the aim is to help Vietnam reduce its emissions to "net zero" by 2050.
* The announcement comes as Vietnamese Prime Minister Pham Minh Chinh is visiting Brussels to attend the ASEAN-EU Commemorative Summit marking 45 years of diplomatic ties between the two regional blocs.
* "Net zero", is a target that experts say needs to be met globally to cap global warming at 1.5 degrees Celsius (2.7 degrees Fahrenheit).
* The Just Energy Transition Partnership with Vietnam is among a series of agreements that developing and rich nations are negotiating.
* The first such deal was signed with South Africa last year(2021), and a similar agreement was reached with Indonesia last month.
* "Vietnam is a dynamic, emerging economy at the heart of Southeast Asia," British Prime Minister Rishi Sunak said.
* "The investment we are making today means the country can cut its emissions while simultaneously creating new jobs and growth."
* The
UK,
Canada,
France,
Germany,
Italy,
Japan and the
United States comprise the
G-7..
Source : TRT World
