Vietnam Attracts Massive Climate Change Funding

Donor countries and international organizations have pledged a total USD790 million to support climate change and carbon emission initiatives in Vietnam, Reuters reports. Some USD250 million will arrive via the World Bank’s clean technology fund, which includes commitments from Denmark, Japan and France. The money will be used to finance energy efficiency and renewable energy initiatives, particularly those involving major railway systems in the Vietnamese cities of Hanoi and Ho Chi Minh.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.