Vietnam lays out RM72.43mil energy transition plan

Vietnam's Prime Minister Pham Minh Chinh speaks during the High-Level Segment for Heads of State and Government session at the United Nations climate summit in Dubai on December 2, 2023. The COP28 conference opened on December 1 with an early victory as nations agreed to launch a "loss and damage" fund for vulnerable countries devastated by natural disasters. - AFP

HANOI (AFP): Vietnam has laid out a US$15.5 billion (RM72.43bil) blueprint to transition away from coal power, but environmentalists warned Sunday the plan fell far short of what was needed.

The communist nation has committed to reaching net-zero carbon emissions by 2050, supported by the Just Energy Transition Partnership (JETP) programme, under which wealthier nations would help developing countries switch to clean energy faster.