JETP No. 3: Vietnam receives 15.5 billion for coal phase-out

After South Africa and Indonesia, Vietnam has now joined the Just Energy Transition Partnership (JETP): With a total sum of 15.5 billion dollars over three to five years, the Asian country is to speed up the coal phase-out, expand renewables, initiate reforms in the energy system and reduce carbon emissions. That is according to a joint statement by Vietnam, G7 donor countries and other nations such as Denmark and Norway at the EU/ASEAN summit in Brussels on Wednesday.