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Reuters
Reuters
Environment
By Francesco Guarascio

G7 nations to provide Vietnam with $15.5 billion to cut coal use

FILE PHOTO: Workers walk near an excavator loading coal onto a truck at a coal port in Hanoi February 23, 2012. REUTERS/Kham

The Group of Seven (G7) industrialised nations will provide $15.5 billion to help Vietnam transition away from coal, the British foreign office said on Wednesday.

The deal, previously reported by Reuters, will be the third agreement of this type reached by G7 nations, as pressure mounts on rich, heavy-emitting nations to help poorer countries cope with climate change and transition to cleaner energy.

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