Vietnam is set to get billions of dollars from wealthy countries and investors over the next few years to help it move from coal to renewable energy. The goal is to fight climate change while boosting the country's economic development.
The money — at least $15.5 billion — was promised after climate activists in Vietnam pushed the government to commit to eliminating or offsetting the country's carbon dioxide emissions by midcentury. The United States and other backers of the funding plan, known as the Just Energy Transition Partnership (JETP), say that kind of advocacy is critical for making sure the benefits of the climate deal are widely shared in Vietnam.
