PRESS RELEASE: IKI INTERFACE VIET NAM WORKSHOP 2024 ECONOMIC INSTRUMENTS IN THE NDC 3.0

Hanoi, 17th September 2024. 80 implementers of the International Climate Initiative (IKI), together with German and Vietnamese political partners gathered for discussions and knowledge sharing in the annual IKI Interface Viet Nam Workshop 2024. The workshop themed “Economic Instruments in the NDC 3.0” discussed opportunities and impacts of economic incentives for promoting climate and biodiversity protection. It took place in the context of countries preparing updated nationally determined contributions (NDCs) next year.

The workshop convened 27 IKI projects in Viet Nam who shared their views on the opportunities of economic incentives for climate and biodiversity. Presentations from ministries and discussions in working groups highlighted that economic instruments play a fundamental role not only in the country’s decarbonisation roadmap but also in various aspects of IKI projects’ activities.

“Vietnam’s NDC explains the financial requirements for each measure, alongside a brief outline of the action. This is an excellent basis to outline the mechanisms of investment in the coming NDC further. I believe linking policies and measures with concrete investment mechanisms can guide international partners and private investors in supporting Viet Nam to reach its climate goals. The IKI will be very happy to support you on this.” said Dr. Philipp Behrens, Head of the International Climate Initiative Division at the Federal Ministry for Economic Affairs and Climate Action (BMWK).

 Delivering the opening remarks in the morning session of the workshop, Dr. Nguyen Thi Dieu Trinh, Deputy Director General, Foreign Economic Relations Department, Ministry of Planning and Investment stated “We highly appreciate the strong synergies of IKI projects in Viet Nam. The IKI provides not only knowledge and experiences exchanges among IKI implementers but also the opportunities of strong cooperation and dialogues with Ministries, Projects’ owners, as well as the German government”.  

Being the key concern of IKI implementation worldwide, gender responsive and transformative implementation was emphasised at workshop this year. In particular, IKI projects committed to establish an IKI Gender Community of Practice (CoP) in Viet Nam aiming to foster learning, facilitate cooperation, enhance visibility, and to leverage synergies on gender transformative approaches. “We believe that the establishment of the IKI Gender CoP is the cornerstone to foster future knowledge updates and lessons learnt sharing about gender equality practices among IKI projects in Viet Nam.” shared Daniel Herrmann, Chief Technical Advisor of the IKI Interface project, GIZ.

The IKI Interface Workshop 2024 concluded with the creation of new synergies, the sharing of valuable lessons, and the development of potential collaborations to strengthen the IKI community in Viet Nam and contribute to the country’s efforts in meeting its climate objectives.

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About The International Climate Initiative (IKI)

The International Climate Initiative (IKI) is an important part of the German government's international climate finance commitment. Since 2022 the IKI has been implemented by the Federal Ministry for Economic Affairs and Climate Action (BMWK) in close cooperation with the Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV), and the Federal Foreign Office (AA). The IKI portfolio in Viet Nam currently comprises 35 bilateral, regional, and global projects under the four funding areas: Mitigation of greenhouse gas emissions; adaptation to the impacts of climate change; preserving and restoring natural carbon sinks; and conserving biological diversity.

Please find further IKI implementation in Viet Nam at: International Climate Initiative (IKI) in Viet Nam Newsletter (climatechange.vn)

Picture credit: ©GIZ/Ben Media