Vietnam plans to spend over 1.95 trillion VND for the National Climate Change Adaptation Programme from now till 2015. Around half of the planned budget will be mobilised from foreign sources, according to a report on the climate change adaptation programme.
The State budget will cover 30 percent of the remaining half of the fund and an additional 20 percent will be drawn from local budgets and private economic sectors.
It was reported that the UN will provide Vietnam with around 80 million USD to implement the programme to reduce emissions from deforestation and degradation (REDD).
Recent surveys report that Vietnam is one of the countries that will suffer the most from climate change, especially a rise in sea levels.
At the current rate of warming, by the end of the 21 st century, the country’s average temperature would increase by 2.3 degree Celsius over the 1980-1999 period.
The country’s sea level would rise by 30 cm by mid-21 st century and 74 cm by the end of the 21 st century in comparison with the 1980-1999.
According to a recent study by the Asian Development Bank (ADB), Vietnam may begin to face adverse affects from climate change as early as 2020.
“Rainfall could appreciably decline in Vietnam in the coming decades and over 12 million people could be affected by increased water stress,” the ADB warns in the study, titled “The Economics of Climate Change in Southeast Asia.”