Countries face significant data gaps in climate services, hindering effective responses to climate change, particularly in Asia and Africa. While over 80% of nations recognize the importance of climate services in adaptation strategies, only a fraction of climate adaptation funding supports these essential services. The UN emphasizes the need for investments in early warning systems to mitigate the impacts of extreme weather events, with a target to provide comprehensive early warning systems by 2027.
VPBank and the Japan Bank for International Cooperation (JBIC) have signed a $150 million loan agreement to finance renewable energy and power transmission projects in Vietnam, supporting the country's goal of achieving net-zero emissions by 2050. This partnership highlights the commitment of both nations to sustainable development and strengthens economic ties, with Japan being a major investor in Vietnam. VPBank has previously secured significant international sustainable finance loans, reinforcing its role in environmental initiatives.
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