Ha Noi– The World Bank earlier this week approved a project to strengthen the capacity of the Vietnamese Government and other key stakeholders to meet the requirements of the national energy efficiency programme.
The project is designed to reduce green house gas emissions in key industrial sectors.
The Global Environment Facility (GEF) will fund the US$2.37 million three-part project.
The project's first component involves formulating energy efficiency strategies in energy-intensive high growth industrial sectors, as well as the establishment and implementation of voluntary agreements.
The second component of the project will involve development of energy service providers. It will provide technical assistance to key market players to save energy.
The third component involves improving management, monitoring and evaluation of the project, and capacity building at the Ministry of Industry and Trade's (MoIT's) Energy Efficiency and Conservation Office through provision of expert assistance and training. – VNS
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