P4G Summit: Prime Minister proposes 3 initiatives for green transformation

Green institutions - green capacity - green cooperation

Within the framework of the 4th P4G Summit, on the afternoon of April 16, Prime Minister Pham Minh Chinh chaired a High-level Discussion session with the theme "Sustainable green transformation, focusing on people".

In his opening remarks, the Prime Minister said that for a sustainable green transformation with people at the center, the discussion will be an opportunity for countries to exchange and build an action program based on three constructs: creating inclusive, fair green institutions, with the market as the center of regulation and resource allocation as the foundation; creating green economic capacity; creating a green international cooperation framework and multi-sectoral, multi-subject linkages.

To implement the above-mentioned “3 creations”, P4G cooperation will play a pioneering role, leading and paving the way for the testing of new policies and methods of resource connection, especially public-private cooperation, and support from developed countries to developing countries in the green transition process.

Prime Minister Pham Minh Chinh chaired the High-Level Discussion session. Photo: VNA

Prime Minister Pham Minh Chinh made a number of specific proposals to promote a sustainable and inclusive green transition. Accordingly, as a platform to promote public-private cooperation, connecting governments, businesses and socio-political organizations, P4G should continue to provide financial and technical support in the field of climate change prevention, developing solutions to mitigate impacts and respond to climate change.

The international community needs to join hands and make stronger efforts to realize the goals and commitments of sustainable green transformation, taking people as the center in the spirit of "what is said is done, what is committed is implemented, what is implemented is achieved with real, concrete results".

Developed countries need to promote their pioneering role more strongly in providing financial support, technology, and management experience, helping developing and underdeveloped countries make green transitions, realize Sustainable Development Goals, and ensure people's livelihoods.

Cooperation models, public-private partnerships (PPP), tripartite cooperation, South-South, North-South need to be promoted to create mechanisms and favorable conditions for people and businesses to invest in green transformation and sustainable development projects.

Prime Minister and delegates attended the opening ceremony of the green growth exhibition.

Public-private partnership is key

Speaking in a recorded message sent to the discussion session, French President Emmanuel Macron highly appreciated the activities of P4G; Vietnam's proactiveness and positivity in sustainable development issues; and thanked Vietnam for its close coordination in implementing JETP, the Paris Consensus initiative for people and the planet.

The French Prime Minister reaffirmed the message that “no country should have to choose between fighting poverty and saving the planet”, the goal of mobilizing the necessary financial resources through reforming multilateral mechanisms and mobilizing private finance; called on countries to support the 1982 United Nations Convention on the Law of the Sea and the Conservation and Sustainable Use of Marine Biodiversity in Areas Beyond National Jurisdiction (BBNJ).

Dutch Prime Minister Dick Schoof shared the geographical similarities and appreciated the long-standing cooperative relationship between Vietnam and the Netherlands, including in the green sector. The Dutch Prime Minister affirmed that determination, long-term vision, and public-private partnership are the keys to promoting both economic growth and sustainable development.

Prime Minister Pham Minh Chinh and Deputy Prime Minister and Foreign Minister Bui Thanh Son at the High-Level Discussion session. Photo: VNA

Green, human-centered transformation is the essential path

At the discussion session, delegates emphasized that there are only 5 years left to implement the Sustainable Development Goals, but many goals are behind schedule or even reversed. In the context of increasingly serious climate change and complex natural disasters, green transformation with people at the center has become an essential path.

However, the uncertainties of the world situation can create many great challenges, especially for developing countries and vulnerable groups in society. In that context, the delegates all affirmed the importance of international cooperation; acknowledged the contribution of P4G in strengthening cooperation, mobilizing resources for green growth and sustainable development, especially highly appreciating Vietnam's organization of the P4G Summit at the present time.

Many opinions were shared about development experiences, efforts to implement commitments on reducing greenhouse gas emissions, carbon neutrality; and proposed solutions to mobilize resources for green transformation, reducing emissions such as credit guarantee mechanisms, green finance, public-private partnership, support for small and medium enterprises, diversifying the power grid, etc.

During the discussion, several partners also announced support for green transformation, with Korea pledging to continue providing financial support in 2025 for P4G projects…

Concluding the meeting, Prime Minister Pham Minh Chinh emphasized that green transformation and green growth are inevitable trends that cannot be reversed or delayed. The current context requires a “global, all-people, comprehensive” approach and the role of international solidarity and multilateralism.

All efforts for green transformation and sustainable development must be linked to people, for people, and people-centered, without sacrificing social and environmental progress in exchange for mere economic growth. The Prime Minister believes that developing science, technology, and innovation must truly be the key to green transformation and digital transformation.

According to People's Public Security Electronic Newspaper

Source: https://baoapbac.vn/kinh-te/202504/hoi-nghi-thuong-dinh-p4g-thu-tuong-de-xuat-3-kien-tao-cho-chuyen-doi-xanh-1039978/