Case study: Vietnam's Green Growth Strategy
This case study provides information on the Vietnam Green Growth Strategy (VGGS) which aims to accelerate the process of economic restructuring in order to use natural resources efficiently, reduce greenhouse gas emissions, develop infrastructure, cope with climate change, reduce poverty and sustainably drive economic growth.
The case study includes information on the participatory process (with an overview of Phases 1 and 2), implementation, proposed targets, greenhouse gas emission reduction, financing and the implications of the VGGS.
As part of the VGGS, Vietnam has established a series of greenhouse gas emission reduction and related targets based on studies of sectors with high emissions, such as the energy, forestry and agriculture sectors. Targets are sorted by years with the end goal of mainstreaming green economic development by 2050. Vietnam undertook a Marginal Abatement Cost Curve (MACC) analysis on key sectors which demonstrated that reduction targets can be achieved while maintaining high growth levels.
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