Climate Politics
Vietnam Nears $15 Billion Climate Pact to Curb Coal Dependence
- MOU with donors including EU could come as soon as Wednesday
- Discussions are ongoing over split between loans and grants
A coal yard in Hanoi.
Photographer: Nhac Nguyen/AFP/Getty ImagesThis article is for subscribers only.
Vietnam and donors led by the European Union are nearing a $15 billion climate-financing package, even as they continue to debate issues including the pace of the nation’s potential shift away from fossil fuels.
A memorandum of understanding to finalize a pact is likely to be signed as soon as Wednesday at the EU-ASEAN summit in Brussels, according to people familiar with negotiations.