The Hanoitimes - The Ministry of Natural Resources and Environment and the French Development Agency (AFD) on May 8 released a joint statement on development of GEMMES Program (Generalized Monetary Macroeconomics for the Ecological Shift).
Accordingly, Vietnam has become the first nation in Asia to benefit from the program.
Through the GEMMES, the French Government has affirmed concerns and supports for Vietnam in launching long-term strategies in response to climate change.
Based on macroeconomic model for each region of Vietnam, the objective of the program is to provide prediction about impacts of climate change on socio-economic activities in Vietnam.
The program will integrate and evaluate sectoral and/or local adaptation options, manifesting Viet Nam's determinations in the Paris Agreement.
GEMMES Vietnam will carry out three main tasks including studying different aspects of damages caused by climate change in Vietnam and evaluating its adaptive strategies.
The program heads to apply updated research methods on climate change’s effects on the economy, thus releasing evaluations on damages and adaption of Vietnam, said AFD Director Fabrice Richy, adding that evaluations from the program will be used for identifying Vietnam’s status in negotiations on climate and optimizing adaption investment for localities.
The GEMMES research, initiated in 2015, has been carried out in Brazil, Ivory Coast, Tunisia and Colombia. Earlier on March 27, 2018, a memorandum of understanding on implementation of the Paris Agreement in Vietnam was inked by Minister of Natural Resources and the Environment Tran Hong Ha and Director General of the AFD Remy Gioux in Paris under the witness of President of France Emmanuel Macron and Party General Secretary Nguyen Phu Trong on the occasion of the Vietnamese Party chief’s official visit to France in recent March.