P4G Summit closes with agreement to boost sustainable, people-centred green transitions

The success of the fourth Partnership for Green Growth and the Global Goals 2030 (P4G) Summit demonstrated the value of multilateral cooperation in advancing green transformation and sustainable development, said Prime Minister Phạm Minh Chính.

The fourth Partnership for Green Growth and the Global Goals 2030 (P4G) Summit was a productive event with practical ideas and discussions on a sustainable, people-centred green transition, said Prime Minister Phạm Minh Chính.

He was speaking at the closing ceremony of the P4G Summit in Hà Nội on Thursday.

“We reached a common understanding that green transition is an inevitable journey, an objective requirement, a strategic choice and a top priority for successfully achieving sustainable development goals,” he said, adding that this process requires global, multi-stakeholder collaboration among governments, businesses, communities and individuals, to ensure inclusive and equitable growth.

Many insightful opinions, valuable lessons, inspiring stories and breakthrough initiatives were shared during the summit’s discussions, alongside numerous practical activities, such as an exhibition of green products and solutions, and a business networking session.

Expressing gratitude towards the collective efforts that were put into the success of the summit, PM Chính underscored the five agreements from the event.

The first was a consensus on mobilising financial resources to promote green transition and sustainable development, including public-private partnership models and innovative financial policies.

Delegates also agreed on encouraging research and development of green technology solutions and increasing investment in innovation and start-up ecosystems. This is expected to facilitate the access of small and medium-sized enterprises (SMEs) to the necessary resources and support.

Another consensus focused on sustainably transforming agricultural and food systems, which ensures food and nutritional security while playing a crucial role in environmental protection and sustainable development.

There was also alignment on the development of a highly-skilled workforce, especially in science, technology and innovation. Delegates underlined the importance of ensuring equitable access to education, expanding job opportunities and addressing social inequalities.

The summit also saw a shared commitment to effective and environmentally sustainable energy transition, especially in terms of cooperation in technology development and sharing, preferential loans for renewable energy projects, construction of essential infrastructure for energy transition and greater involvement from the private sector on the matter.

“These areas of consensus reflect a shared mindset, understanding, shared responsibility, solidarity that stressed multilateral cooperation for collective actions and achievements,” said PM Chính. “Let us embrace the spirit of unity, international cooperation and resources connection based on a global, people-centred and inclusive approach that balances benefits and shares risks.”

The success of the fourth P4G Summit demonstrated the value of multilateral cooperation in advancing green transformation and sustainable development, he added.

“I earnestly call upon nations, organisations and businesses to strengthen their coordination with P4G members. Let us work together, contribute responsibly to a greener future for our world. Let us turn commitments into action, ideas into tangible projects and shared goals into determined implementation and pave the way for a sustainable and prosperous future for all nations, peoples and individuals,” said PM Chính.

As the host of this year’s P4G Summit, Việt Nam reaffirmed its foreign policy of peace, independence, self-reliance, diversification and multilateralism. The country remains a good friend and a reliable partner to all nations, and a responsible member of the international community.

Việt Nam also continues its steadfast commitment to achieving carbon neutrality by 2050, contributing to a comprehensive and inclusive green transition for the current and future generations.

At the closing ceremony, the Vietnamese PM officially handed over the role of host for the P4G Summit to his Ethiopian counterpart Abiy Ahmed Ali.

PM Chính extended his best wishes to Ethiopia for a successful hosting of the P4G Summit in 2027, expressing hope that the country will continue to uphold the cooperation spirit and significance of P4G in the footsteps of the successful summits held in Denmark, South Korea, Colombia, and Việt Nam.

Reporting on the outcomes of the summit, Việt Nam’s deputy foreign minister Nguyễn Minh Hằng said that the P4G Summit in Việt Nam welcomed over 1,000 delegates from Việt Nam and abroad, including international organisation representatives, entrepreneurs, ambassadors and heads of foreign missions in Việt Nam.

Following a wide range of practical and meaningful activities to promote green transition and sustainable growth, P4G leaders reached a consensus to adopt two key declarations from the summit. They are the Hà Nội Declaration on Sustainable and People-centred Green Transition, and the Declaration on Strengthening Multilateral and Institutional Partnerships to Promote Green Transition and Sustainable Development.