Overcoming energy efficiency investment market barriers in Viet Nam.
Viet Nam is one of the most energy intensive countries in East Asia, and the energy intensity of its GDP is steadily increasing. Improving energy efficiency is the lowest cost option to reduce its greenhouse gas emissions and improve its energy security.
The scaling up of energy efficiency investments in the country's industrial sector will provide substantial mitigation impacts. This will be done through a GCF guarantee instrument and technical assistance and capacity building activities, combined with a dedicated credit line. It will build on ongoing efforts by the Vietnamese Government to promote the efficient use of electricity and reduce consumption and emissions.
The project has an estimated lifespan of 15 years.
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