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Sep 06, 2016 / 15:54

Canada to provide about 11.6 million USD for Vietnamese SMEs to reduce emissions

Canadian Foreign Minister Stephane Dion said at the talk with Vietnamese students in Hanoi on September 5 that his country will provide approximately 11.6 million USD to help small-and medium-sized enterprises (SMEs) in Vietnam with initiatives and technologies to reduce greenhouse gas emissions.

Canadian Foreign Minister Stephane Dion had a talk with students from the Diplomatic Academy of Vietnam, the Hanoi University of Science and Technology, the Hanoi University of Social Sciences and Humanities, and the Hanoi University on September 5 in the framework of his official visit to Vietnam.
 
Canadian Foreign Minister Stephane Dion speaks at the talk with Vietnamese students.
Canadian Foreign Minister Stephane Dion speaks at the talk with Vietnamese students.
Speaking at the talk, the Canadian Foreign Minister highlighted that issues on the environment and climate change challenge not only Vietnam but also the whole world, and no countries can address these challenges unilaterally. 
He stressed that countries should pay attention to issues related to the environment and bio-diversity like fish reserves, clean water resources and public health during the development process.
Stephane Dion has suggested Canada, Vietnam and other signatories to the Paris Agreement on Climate Change join hands to achieve the target of limiting the planet’s warming to below 2 degrees Celsius reached at the 21st UN Climate Change Conference. 
Minister Stephane Dion told participating students that Canada will provide 15 million CAD (approximately 11.6 million USD) to help small-and medium-sized enterprises (SMEs) in Vietnam with initiatives and technologies to reduce greenhouse gas emissions. 
The minister also answered their questions on necessary measures to have a global agreement on climate change response, especially for such developing countries like Vietnam, as well as barriers related to cooperation in climate change response.
In the same day, Minister Stéphan Dion met with Minister of the Natural Resources and Environment Tran Hong Ha in Hanoi.
Stéphan Dion noted that short-lived climate pollutants (SLCPs) are potent global warmers. They have a relatively short lifespan in the atmosphere compared to longer-lived greenhouse gases (GHGs), and they play a vitally important role in combatting climate change.
Since atmospheric levels of short-lived substances respond relatively quickly to changes in emissions, actions to reduce SLCPs can reduce the rate of near-term global warming.
The Canadian Government has been a global leader in recognizing the importance of reducing SLCPs as part of its comprehensive strategy to address climate change and a practical approach to making improvements in the environment and human health, according to Minister Stéphan Dion.
Reducing SLCPs can slow warming, and can also help solve indoor and outdoor air pollution, the Canadian minister added.