Investment in weather–related projects in VN may be up to $753 billion: IFC

A representative from the International Finance Corporation (IFC), a member of the World Bank Group, said that according to a latest report, investors can pour $753 billion into weather–related projects in Vietnam from now to 2014.

The statement was made at the forum named “ Sustainable Finance" organized by Vietnam Banking Association” yesterday.
Moreover, the representative of IFC added that of the total $753 billion, $59 billion will be poured into recyclable energy projects.
General Secretary of the Association Nguyen Toan Thang said that financial institutions need to implement international practices to manage environment-relating risks.
International experts also said that to enhance green growth strategies and call for investment into weather-related projects at the onset of increasing climate changes in the Southeast Asian nation, a long-term coherent policy is needed to access to capital sources for private sector’s green growth.

By NHUNG NGUYEN - Translated by HAI SON

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