Climate love
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G7易流

Climate love

The G7 offers loans with high costs and limited grants to assist Vietnam in reducing coal usage.

G7 countries have extended over $300 million in grants to support Vietnam's efforts to reduce coal usage, making up a small portion of a predominantly loan-based financial package. The breakdown of the $15.5 billion pledge made in December by G7 countries and partners to assist Vietnam in achieving net-zero emissions by 2050 was revealed in late October. Despite Vietnam's request for substantial grants and affordable financing to aid in the transition from coal to renewables, donors have primarily offered costly loans at market rates due to ongoing delays in the country's power projects.




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  • We Don't Have Time

    32 w

    Dear Ann Nyambura Your climate love has received over 50 agrees! We have reached out to G7 by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

    2
    • Joseph Githinji

      33 w

      This is commendable

      3
      • Johannes Luiga

        33 w

        Great initiative

        3
        • George Kariuki

          33 w

          By improving its offer to Vietnam, the G7 can help Vietnam meet its climate commitments and reduce global greenhouse gas emissions. This is in the best interests of everyone.

          3
          • Gorffly mokua

            33 w

            This seems like a normal business day!

            9
            • johnte ndeto

              33 w

              loans and funds aimed at facilitating this harmful activities should be banned

              6
              • Peter Kamau

                33 w

                This looks like a step in the right direction but the expensive loans will surely put Vietnam in a tricky situation.

                7
                • Esther Wanjiku

                  33 w

                  G7 is doing very remarkable work

                  7
                  • Edwin wangombe

                    33 w

                    this is great, kudos to G7

                    6
                    • Videlis Eddie

                      33 w

                      this is really commendable

                      6
                      • zelda ninga

                        33 w

                        G7 should be considerate while giving out costly loans because it's not only for the good of Vietnam but also for the planet. This gives a question mark on G7's take on climate change.

                        17
                        • walter lungayi

                          33 w

                          The G7's offer to assist Vietnam in reducing coal usage through loans with high costs and limited grants seems like a step in the right direction, but it also raises questions about the effectiveness of such measures and the potential long-term impact on Vietnam's economy. It would be interesting to see how Vietnam responds to this offer and whether they will prioritize reducing coal usage despite the financial challenges.

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