Dubai, United Arab Emirates – December 2, 2023 – Vietnam Prime Minister Pham Minh Chinh called for international cooperation to mobilize resources for green development in a speech at the Global Wind Energy Council (GWEC) forum in Dubai on December 2.

Prime Minister Pham Minh Chinh witnessed the handover ceremony of the Memorandum of Understanding between CT Group and Fairatmos regarding the establishment and strengthening of carbon credit transactions and carbon emission reduction Photo: D.GIANG

The forum was attended by leaders from Vietnam, the United Arab Emirates (UAE), 50 Vietnamese businesses, 120 businesses from the UAE and other countries, and representatives from the United Nations Framework Convention on Climate Change (UNFCCC).

The forum was aligned with the Political Declaration on the Establishment of a Just Transition Partnership for Energy, which was announced at COP26 in Glasgow, Scotland. The partnership is funded by a $5 billion commitment from the European Union, the United Kingdom, the United States, Japan, Germany, France, Italy, Canada, Denmark, and Norway.

Prime Minister Pham Minh Chinh spoke at the morning forum. Photo: D. GIANG

In his speech, Prime Minister Chinh said that Vietnam is a developing country with a relatively small economy, but that implies the length of openness for collaborations with international partners to achieve its net-zero target for greenhouse gas emissions.

Emphasizing on upscaling domestic and international resources became the Prime Minister’s utmost priority. “We need to use advanced technology to increase energy efficiency and reduce emissions. We need to train our workforce to meet the needs of a green economy. And we need to create an enabling environment for investment in green projects.” Said Prime Minister Chinh

GWEC CEO Ben Backwell said that he was impressed by Vietnam’s commitment to green development.

“GWEC has been working with Vietnamese institutions to create a sustainable wind energy industry,” Backwell said. “We have plans to invest and support Vietnam to strengthen its economic resilience in the context of greening, jointly launch policy initiatives with Vietnam, and the investor community is very excited about this.”

One of the initiatives that Prime Minister Chinh announced was a partnership between CT Group and Fairatmos to explore the development of beneficial technologies. Fairatmos will use its technology and expertise to help Vietnam ensure the quality of its carbon projects and meet its Nationally Determined Contribution (NDC) targets.

“It is an honor for Fairatmos to be able to contribute directly to creating a greener planet,” said Fairatmos CEO, Natalia Rialucky. “Our first step will be to provide training and education on carbon project operations to CT Group and other stakeholders related to this program.”

The forum was a significant step forward for Vietnam in its efforts to become a leading contributor to a greener planet. The partnership between CT Group and Fairatmos, with the support of the Vietnamese government, has the potential to make a real difference.

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About Fairatmos

Fairatmos is a climate technology company that helps you to discover, develop and deliver high quality carbon offset projects at scale. We believe in the power of nature to heal and remove greenhouse gasses from our atmosphere with the help of technology.

Our technology leverages remote sensing and satellite images to help communities and companies to discover their forest carbon credit potential, converting them from logging the forest to preserving and rehabilitating the forest confidently. 

With high precision monitoring technology, we help to track carbon project performance and integrity, ensuring the social impact and biodiversity preservation. With confidence in integrity, we connect carbon offsetting companies to quality projects. 

Today we have worked with more than 200 asset owners, processing more than 18M hectares of forest carbon potential across South East Asia to deliver the promise of inclusivity.

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