In 2023, global energy intensity only improved by 1.3%, well below the 4% required to achieve the Paris Agreement's energy efficiency goals.

Directive No. 20 on enhancing energy efficiency (EE) in the period 2020 - 2025 is a crucially prerequisite for achieving the National Program on Energy Efficiency goals in the period 2019-2030 (VNEEP3). In particular, implementing Directive No. 20 also contributes to the goals of Viet Nam’s pledge in the Paris Agreement on responding to global climate change.

More than $12trn will need to be invested in new renewable power generation over the next 25 years to achieve the climate goals laid out in the Paris agreement, according to a new report from research group Bloomberg New Energy Finance and sustainability non-profit Ceres.