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Monday, July 22, 2024

Officials, experts and businesses to discuss Net Zero roadmap

By Minh Anh – Truc Nha

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HCMC – Leading experts, officials, scientists and businessmen will get engaged in discussions about challenges and opportunities when participating in a roadmap to Net Zero, a green economy journey while overcoming the economic downturn for a sustainable development at the 2023 Green Economy Forum titled “Net Zero – Pathway toward Sustainability”.

Nowadays, global trade challenges induced by rising geopolitical tensions and high inflation have led many countries to tighten monetary policy. Global supply chain disruptions have hit importation, exportation and economic growth of many countries, including Vietnam.

Meanwhile, green growth and development and circular economy have become a new trend the world over as a positive solution to reduce greenhouse gas emissions, enhance resilience and creativeness and aim to balance carbon dioxide and sustainable development.

This development trend has set new rules for trading activities. Major export markets have introduced high tax rates on products with carbon footprints. Many developed countries around the world have applied stricter environmental regulations on imports.

Given the current situation, to avoid being kicked out of the game due to demanding environmental and social standards set by buyers, exporting countries including Vietnam need to change mindsets, focus more on greenness in production and international supply chains to meet the strict requirements.

One of the issues which is of great concern during the past time is the commitment Vietnam made at the 2021 United Nations Climate Change Conference in Glasgow (COP26) to achieve net-zero emissions by 2050. These commitments represent a significant milestone towards building a green and sustainable economy.

Besides, experts emphasized the importance of keeping businesses updated on market information, new regulations and policies of importing countries, especially those relating to green economy and trade. This will help businesses build and adjust their business strategy to ensure its effectiveness, particularly in meeting higher consumer demand for environmentally-friendly products and services to expand markets and boost imports and exports.

With an aim to updating information and looking for effective solutions to greenization for the business community, the Saigon Times Group will organize the 2023 Green Economy Forum titled “Net Zero – Pathway toward Sustainability” on August 18.

The forum will feature leading experts such as Professor Jonathan Pincus, senior international economist at the United Nations Development Program (UNDP), Vo Tri Thanh, former deputy director of the Central Institute for Economic Management of Vietnam, Pham Phu Ngoc Trai, founder and chairman of Packaging Recycling Organization Vietnam (ProVietnam), Nguyen Hong Quan, director of the Institute for Circular Economy Development, Vietnam National University Ho Chi Minh City, and other management officials, scientists and businessmen.

The event will also explore solutions to capital challenges, investment costs, revenue generation, and profits during the green transition. Participants will gain insights into effectively seizing global and local green transition opportunities to meet consumer demand.

If you are interested in the 2023 Green Economy Forum, please register at https://forms.gle/DSswPY7eMUGLwTmU9 or contact Anh Dao (Ms) via email: online@kinhtesaigon.vn or mobile phone: 0969.372.309.

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