The global green transition is very strong worldwide. It is considered the common path globally, driven by the highest authorities, including Governments. Green transition is not just a trend; it’s an essential journey for businesses to thrive in the market, enhance competitiveness, and achieve sustainable development.
In November 2021, at the COP26 conference, Prime Minister Pham Minh Chinh announced Vietnam’s strong commitment to responding to climate change, aiming to achieve net-zero emissions by 2050. Leaders of nearly 150 countries made similar commitments.
Vietnam and over 100 countries pledged to reduce global methane emissions by 30% by 2030 compared to 2020. Additionally, 141 countries joined the Glasgow Leaders’ Declaration on forests and land use, while nearly 50 countries participated in a global declaration on transitioning from coal to clean energy.
Following COP26, the outcomes of COP27 (in 2022) and COP28 (held in 2023) indicate that governments are advancing the green transition to tackle climate change, progressively realizing their commitments.
The green transition trend is further propelled by various mechanisms, trade policies, such as the Corporate Sustainability Reporting Directive (CSRD), and the European Union’s Carbon Border Adjustment Mechanism (CBAM)… Leading international companies are also at the forefront of this movement. The RE100 initiative, calling for large businesses to commit to 100% renewable energy within the shortest possible time, has gathered over 400 members, including multinational corporations from various industries like IT, automotive, consumer goods, food, and chemicals.
In this context, it can be said that the green transition is not just a trend but an essential journey for businesses.
Green transition – the essential trend and journey of businesses
To accompany businesses on the green transition journey, aiming for green growth and sustainable development in the coming period, Vu Phong Energy Group has released a special edition of the Green Transition Handbook as a unique gift to businesses on the eve of the 2024 Lunar New Year. The handbook contains intriguing information about green transition trends and practical business ESG solutions. Read the Green Transition Handbook in detail at: https://vuphong.com/greentransition
In line with the green transition trend, the recent program “Impressive Science and Technology, Green 4.0,” conducted by the Department of Science and Technology – Vietnam Television (was broadcast on January 1, 2024, on VTV2 channel), emphasized that “Green” is the key term when discussing the scientific and technological highlights of the past year. The field of science and technology in 2023 was likened to a vibrant painting with many impressive colors, especially revolving around the keyword “Green.” This trend has brought innovation to various fields, including artificial intelligence, green transition in the financial and banking sectors, green industrial ecosystems, and green energy transition.
In the story of the Green Energy Transition featuring Mr. An, Pham Dang – Deputy General Director of Vu Phong Energy Group, shared about the journey of transitioning in the energy sector, the advantages, and opportunities for businesses developing clean technology. Watch the detailed video (Vietnamese): https://youtu.be/ZaA2TKxuDwA
You can catch the entire program “Impressive Science & Technology: Green 4.0” (was broadcast on VTV2 on January 1, 2024) (Vietnamese): https://vtv.vn/video/an-tuong-khoa-hoc-cong-nghe-xanh-4-0-658092.htm
Vu Phong Energy Group