The Vietnamese diplomat stated that energy transition plays a crucial role in enabling developing countries to harness innovation and technology, achieve climate goals, and shift towards more sustainable development pathways.

He outlined how the UN and UNDP can play a pivotal role in this process through concrete actions and better co-ordination. He therefore suggested that they strive to assist developing countries in accessing sustainable and concessional financing for energy projects without compromising the allocation of resources for other development initiatives.

Furthermore, the UNDP should seek to engage in policy planning regarding the extraction of critical minerals for energy transition, taking into account the conditions and concerns of developing countries.

Vietnam is currently a member of the UN Secretary-General's Panel on Critical Energy Transition Minerals, which aims to establish a common, voluntary code of conduct for the extraction and use of these resources. The nation stands ready to collaborate with the UNDP as it helps countries to manage and sustainably exploit minerals, thereby contributing to the energy transition process, Ambassador Giang affirmed.

At the event, Achim Steiner, administrator UNDP, underscored the importance of switching to clean energy for sustainable development, noting that this process requires co-ordination at global, regional, and national levels.