Australia and Vietnam have pledged to collaborate on climate and clean energy, with representatives from both countries meeting this week at the Australia-Vietnam Green Economy Summit in Ho Chi Min City, Vietnam.
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The collaboration efforts will include the exchange of knowledge between nations as well as potential new trade agreements and connecting businesses from the two countries.
Notably, the Australian Energy Regulator is sharing Australia’s knowledge of creating clean energy regulations with the Energy Regulatory Authority of Vietnam in order to help Vietnam forge a strong policy base in clean energy.
Australia has also committed AUD$105 million to support development and private investment in sustainable infrastructure planning in Vietnam, with a focus on increased clean energy uptake.
Assistant Minister for Climate Change and Energy Jenny McAllister said, “Cooperation is the key to unlocking economic opportunities for Australia and Vietnam as our countries and international partners undergo a clean energy transformation.
“We are on a shared journey, and while in many ways our countries are very different, we both understand that as we embark on this path, we must ensure the continued economic prosperity for our people.
“When our partners prosper, Australia prospers. And nowhere is this truer than in the clean energy transition.”
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Australia and Vietnam’s official relationship has also been upgraded to a Comprehensive Strategic Partnership (CSP), with this formal agreement adding a specific focus on “Strengthening Climate, Environment and Energy Cooperation”.
