📋 Tender Overview
With specific support from the 30th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP30), Vietnam can benefit from increased access to technology, finance and equitable energy transition. Ms. Francesca Nardini, Deputy Resident Representative of UNDP in Vietnam - Photo: undp.org Taking place from November 10-21, 2025, the COP30 Conference ended in Belem (Brazil) with mixed results: The parties agreed on a financial package to support poor countries and protect forests, but a clear roadmap for gradually eliminating fossil fuels has not yet been established. Talking to the Government Electronic Newspaper, Ms. Francesca Nardini, UNDP Deputy Resident Representative in Vietnam, said that the focus of debate at COP30 is no longer on whether to transition away from fossil fuels or not, but on the speed of transition and how to allocate costs between countries. Although the conference has not yet reached a binding global agreement, the Belem Package still maintains the commitment to transition away from fossil fuels stated from COP28 and requires continuing to develop a specific roadmap. According to Ms. Nardini, Brazil - COP30 President has promoted the Belem Roadmap with initiatives on forests, climate and energy transition. This is an effort to bring together governments, investors and stakeholders to promote real emissions reduction action, reflecting the spirit of Global Mutirao - common action based on technology and innovation. The financial factor continues to be the key point to reconcile climate ambitions and development needs. COP30 recorded a tripling of adaptation funding, to about 120 billion USD/year by 2035, however, this number is still far from actual needs. Ms. Nardini emphasized that developing countries, including Vietnam, will not be able to transition alone if they lack resources, technology and mechanisms to support a fair transition. New research by OECD-UNDP shows that countries that take strong action on climate have better economic growth. By 2100, global GDP could be up to 13% higher if countries increase their commitments to reduce emissions and avoid economic damages due to climate. For Vietnam - a dynamic economy with large energy needs, the issue is not in choosing growth or climate, but in choosing which growth model: Continue to depend on traditional energy or gradually switch to a clean, efficient and less risky energy system. Regarding specific support From COP30, Ms. Nardini said, Vietnam can benefit from increased access to technology, finance and a fair energy transition. The formation of the Belem Action Mechanism (BAM) creates an additional foundation to support a fair transition, connecting finance and technology transfer with the needs of each country. For Vietnam, this is especially important for the process of implementing Nationally Determined Contributions, Power Plan VIII and the Fair Energy Transition Partnership (JETP) - especially in coal-dependent regions. RELATED NEWS COP30 also expands cooperation opportunities in areas that Vietnam is prioritizing such as offshore wind, modern grid systems, energy storage, energy-saving industry, blue ocean economy and climate-resilient agriculture. From a perspective of UNDP, four areas in Vietnams Nationally Determined Contributions will attract more climate finance in the near future, including, adaptation and forests; blue economy; energy transition and just transition; and carbon markets and low-carbon industries. These are areas that both demonstrate strong commitment and create clear development benefits. Ms. Nardini affirmed that UNDP will continue to accompany Vietnam to turn the results of COP30 into specific, feasible projects and bring practical impacts for green and sustainable growth./. Thuy Dung
