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Reuters
Reuters
Environment
By Francesco Guarascio and Phuong Nguyen

Vietnam boosts coal use plan for 2030 as G7 climate offer stalls

Vietnam Coal G7
FILE PHOTO: A security personnel stands guard next to the COP27 sign during the closing plenary at the COP27 climate summit in Red Sea resort of Sharm el-Sheikh, Egypt, November 20, 2022. REUTERS/Mohamed Abd El Ghany/File Photo/File Photo

Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables goals were scaled back, in a potential blow to rich nations' funding initiatives for cleaner energy.

The updated draft, dated Nov. 11, was circulated by Vietnam's industry ministry as climate negotiators from the Group of Seven nations failed to clinch a financing deal with Vietnam on a "Just Energy Transition Partnership" at the global climate COP27 summit, which ended in Egypt on Sunday.

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