Vietnam, one of the world's most vulnerable countries to climate change, will receive US$510 million in financial assistance from Denmark, Japan and the United Nations Development Program (UNDP) to tackle the natural hazard, Vietnam News Agency reported.
Vietnam is regarded as one of the 11 most vulnerable countries in the world to climate change
The Danish government and UNDP have pledged more than $60 million in non-refundable loan to the Southeast Asian country, heard a press conference on December 19 about the outcome of the United Nations Climate Change Conference in Copenhagen, Denmark.
More than 17,000 people from 191 participating countries attended the conference, held from December 7 to 18.
Also, the world's fifth-biggest air polluter, Japan, has offered a preferential loan of $450 million to aid Vietnam in its efforts to combat the adverse effects caused by climate change, which often results in rising sea levels.
Pham Khoi Nguyen, minister of Natural Resources and Environment, said at the conference Vietnam needed to conduct five major tasks to combat climate change.
They include building and solidifying the system of dikes in coastal areas and the Mekong Delta; expanding preventive forests; dealing with natural disasters, such as flooding, typhoons and high-tide; upgrading Vietnam’s weather forecast and observation; and putting forth a plan on responding to climate change in the Mekong Delta and the Red River Delta.
South Korea has also pledged to provide $9 million in non-refundable aid to assist Vietnam in its fight against climate change.
The S-shaped nation was listed in this year’s top ten list of countries worst affected by extreme weather, according a report from the climate and development organization Germanwatch released early this month.
Vietnam is also regarded as one of the 11 most vulnerable countries in the world to climate change because of its long low-lying coastline and exposure to typhoons, storms, heavy and variable rainfall.
It is estimated that sea levels may rise by 33 centimeters by 2050 and up to 1 meter by 2100.
A recent study estimated a one meter rise in the sea level would affect approximately 11 percent of the population, flood seven percent of the nation’s agriculture land and wipe 10 percent off gross domestic product.