[{"bbox": [86, 154, 840, 179], "category": "Text", "text": "amount of the electricity sector's GHG emissions are caused by coal consumption."}, {"bbox": [86, 207, 1128, 339], "category": "Text", "text": "While the launch of the JETP RMP marks an important step in implementing the JETP and represents a crucial development in ensuring a successful clean energy transition, the way forward is yet to be defined. Contrary to expectations, the launch of the RMP at COP28 did not create a momentum on the implementation of the JETP on other fronts. Most importantly, the Secretariat and its four working groups, together constituting the main governmental implementing bodies of JETP, have been formally established but are largely not yet operational."}, {"bbox": [86, 365, 1128, 498], "category": "Text", "text": "MoNRE is currently the only Ministry that has formed a functioning working group. This 'General Working Group' is led by the Vice Minister of MoNRE and the group was responsible for drafting the RMP. The tasks of the group include monitoring, assessing, evaluating and summarising the process of implementing the objectives outlined in the Scheme, RMP and PD; and providing periodic reports on the implementation of JETP to the Prime Minister and the National Steering Committee for implementing Viet Nam's commitments to NZ2050."}, {"bbox": [86, 524, 1128, 630], "category": "Text", "text": "The second working group is the 'Institutional, Policy and Investment group', which is to be established by MPI and led by its Vice Minister. This group is responsible for institutional improvement addressing obstacles, and reforming procedures to facilitate international investors to participate in the just energy transition, mainstreaming the transition into the national long- and medium-term programs, strategies, and plans."}, {"bbox": [86, 657, 1128, 763], "category": "Text", "text": "The third working group, the 'Technology and Energy Group', is to be formed by MOIT and led by its Vice Minister. This group is responsible for reviewing and proposing the improvement of policies and regulations to promote the implementation of just energy transition; identifying needs, and coordinating technical and technology transfer activities in implementing the JETP."}, {"bbox": [86, 790, 1128, 869], "category": "Text", "text": "The fourth working group under the Secretariat is the 'Finance Group', to be established by MOF and led by a Vice Minister of MOF. This group is responsible for organising negotiations to mobilise financial support from the IPG, GFANZ, and other stakeholders to implement the JETP PD."}, {"bbox": [86, 896, 1128, 1054], "category": "Text", "text": "The current bottlenecks identified as hampering the functioning of the JETP Secretariat vary from limited engagement and ownership by the relevant Government entities, human resource gaps of the JETP Secretariat, limited coordination and cooperation capacity among stakeholders, lack of existing workplans, logistical challenges, to communication gaps. Addressing these constraints is necessary for the full establishment and operationalisation of the four working groups constituting the Secretariat, and further moving towards full implementation of the JETP in Viet Nam."}, {"bbox": [86, 1081, 1128, 1239], "category": "Text", "text": "The USD 15.5 billion of public and private finance committed by the IPG and GFANZ to support Viet Nam's clean energy transition process is significant. Yet, this is still a minor share of the overall required amount estimated in the financial analysis of the projections in the Nationally Determined Contributions and PDP8. Moreover, the IPG and GFANZ finance can only be made available once the most crucial JETP implementing structures (Secretariat and WGs) are in place and fully functioning and existing regulatory bottlenecks that hamper investments and project implementation have been addressed."}, {"bbox": [86, 1266, 1128, 1505], "category": "Text", "text": "As part of the JETP dialogue between the IPG and the GoV, both parties agreed that support to the Secretariat would be required to assist in setting up the Secretariat, strengthen capacities and provide international technical expertise to the work of the working groups. It was agreed with MoNRE as the lead partner Ministry that for this purpose UNDP would officially be nominated as the *Secretariat's Support Agency* (SSA). This decision was established through communication between the two parties, Viet Nam and the IPG. Accordingly, the IPG has been requested to provide adequate funding for UNDP to fulfil its task as Support Agency. This function involves – among other activities and besides technical advice – a variety of aspects related to day-to-day coordination and dialogue, stakeholder engagement, enhancing cooperation between Working Groups, the IPG and other relevant entities, and monitoring and evaluation."}, {"bbox": [86, 1532, 1128, 1638], "category": "Text", "text": "So far, UNDP has covered the cost for the support it provided to the Secretariat itself, in particular to develop the RMP in 2023. The United Kingdom is financially supporting the Support Agency of the Secretariat for the period from April 2024 to March 2025 (currently proposed at around EUR 2 million). Other IPG members have come forward and offered to second experts to provide specific expertise where needed and fill capacity gaps in"}, {"bbox": [1035, 1681, 1144, 1705], "category": "Page-footer", "text": "Page 6 of 20"}]