Da Nang receives WWF-funded energy transition project
DNO - The Da Nang People’s Committee has approved the acceptance of a project titled “Promoting the Sustainable Energy Transition in Vietnam”, funded by the World Wide Fund for Nature (WWF), with total funding of more than VND3.43 billion.
The municipal Department of Industry and Trade has been assigned as the project owner, while the Da Nang People’s Committee will serve as the managing authority.
The project will be implemented across the city from the date of approval until June 30, 2028.
The entire funding package, equivalent to US$135,842, comes from non-refundable aid, with no counterpart funding required.
The municipal Department of Industry and Trade is responsible for receiving, managing and implementing the aid in accordance with the approved project objectives, as well as overseeing its use and ensuring compliance with relevant regulations and commitments to the donor.
This department will also coordinate with relevant agencies to complete the procedures for receiving and implementing the aid in accordance with Decree No. 313/2025/ND-CP and the municipal decision.
The project’s financial mechanism will follow the principles set out in Clause 3, Article 20 of the decree. The project aims to raise awareness, strengthen capacity and encourage the participation of management agencies, businesses and other stakeholders in the energy transition.
It will also support the development and implementation of greenhouse gas emission reduction solutions, contributing to Vietnam’s goal of achieving net-zero emissions by 2050.
In addition, the initiative seeks to strengthen cooperation among the public sector, private sector and development organizations in developing emission reduction roadmaps and implementing sustainable low-carbon solutions at the local level.