SHIFT - Shifting Investment Flows Towards Green Transformation

SHIFT is a joint program of six organizations that aims to accelerate the deployment of green and climate friendly technologies and practices to support Viet Nam achieve net zero emissions by 2050. To this end, the program will enhance know-how and capacities of relevant public and private stakeholders in the areas of green finance and energy transition. The outcome of the program is to improve green policy and finance frameworks for enhanced climate action in Viet Nam, especially in the energy sector. It addresses both supply and demand aspects of green investment, creating a positive feedback loop that will drive the transition towards a green and climate friendly economy. Five outputs will support the green finance framework, improve policies for the energy transition, supply green financial products through financial institutions, trigger demand by the private sector, particularly SMEs, and disseminate knowledge and raise awareness of a broader set of stakeholders.

Project data

Countries
Viet Nam
IKI funding
15,000,000.00 €
Duration
10/2022 till 07/2028
Status
open
Implementing organisation
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
Political Partner
  • Ministry of Planning and Investment - Viet Nam
Implementing Partner
  • Agora Energiewende Smart Energy for Europe Platform gGmbH
  • International Finance Cooperation (IFC)
  • SNV Netherlands Development Organisation - Viet Nam
  • United Nations Development Programme (UNDP)

State of implementation/results

  • The preparation phase of the project includes the following topics :
    • Preparation of the appraisal mission
    • Execution of the appraisal mission
    • Preparation of the bid
    • Preparation of the implementation phase.

Latest Update:
07/2024

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