Criteria for determining green projects and green economic sectors

The promulgation of environmental criteria for projects and project categories granted green credit and issuance of green bonds aims to create a full legal and technical corridor for the formation, operation and regulation of the market. green credit market, green bonds towards transparency, clarity and efficiency...

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On the afternoon of December 23, Minister of Natural Resources and Environment Do Duc Duy chaired a meeting to listen to reports on criteria for determining green projects, circular economy implementation plans, national green criteria, and economic sectors. green integrated into Vietnam's economic sector system, to encourage and promote green transformation.

According to the Minister, the promulgation of environmental criteria for projects and project categories granted green credit and issuance of green bonds aims to create a full legal and technical corridor for Form, operate and regulate the green credit and green bond market in a transparent, clear and effective manner.

Regarding the content of environmental criteria and confirmation of investment projects granted green credit and issuance of green bonds, leaders of units together discuss the content of scope, adjusted object; explain words; Environmental criteria for projects granted green credit and issuance of green bonds; on confirmation of investment projects belonging to the Green Classification List; Requirements for independent organizations to certify investment projects in the Green Classification List...

Minister Do Duc Duy: "It is recommended that the drafting agency consult and rely on domestic and international regulations and standards to ensure consistency in investment laws regarding environmental criteria for the project." Investments are granted green credit and issue green bonds.

Through constructive comments, Minister Do Duc Duy assessed that the drafting agency had made many efforts to complete the basic draft to meet the set quality. The Minister requested the Institute of Natural Resources and Environmental Policy Strategy to continue to supplement and complete some contents before submitting to the Prime Minister for consideration.

In particular, regarding environmental criteria for investment projects granted green credit and issuance of green bonds, Minister Do Duc Duy suggested that the drafting agency should refer to, based on the standards and regulations in nationally and internationally to ensure uniformity of investment laws.

"Regulations need to be clear and explicit to facilitate the implementation process. If there are additional regulations, they need to be proven on scientific grounds." Minister Do Duc Duy noted the need to strictly control projects that have the risk of causing environmental pollution; In particular, there is a need for assessment and prevention regulations for projects that unfortunately cause incidents affecting the environment during operation...

With the contents on confirming investment projects in the green classification category, the Minister proposed to specifically stipulate that organizations providing green credit and green bonds must meet and comply with the law. law. However, it is necessary to avoid regulations that create administrative procedures...

According to leaders of the Ministry of Natural Resources and Environment, the promulgation of environmental criteria for projects and project items granted green credit and issuance of green bonds aims to create a legal corridor. and full techniques for forming, operating and regulating the green credit and green bond markets in a transparent, clear and effective manner.

At the same time, mobilize potential domestic and international green financial resources to finance the process of restructuring Vietnam's economy towards a green economy, circular economy, and low carbon economy; contributing to successfully implementing Vietnam's committed goal of net zero emissions by 2050 at COP 26.

Regarding the national action plan to implement circular economy, leaders of the Ministry of Natural Resources and Environment request units to seriously develop plans and lists of conditions. Prioritizing the implementation of a circular economy to create new growth drivers, improve resilience and recovery for the economy, create breakthroughs in development, promote growth model innovation, and improve economic growth. High quality, efficiency and competitiveness, creating new value-added chains, harmonizing the relationship between the economy and the environment, contributing to implementing international commitments on nature conservation and biodiversity. biological form.

Besides, ensuring harmony of interests of related entities, taking people as the center, focusing on improving social welfare and people's quality of life; consistent with the views, guidelines, guidelines, policies and laws of the Party and State on the country's economic and social development and international trends on implementing circular economy.

Source: vneconomy.vn