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Low-carbon bus NAMA

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Vietnam

Description

Overview
Sector Transport
Focus area
(no data)
Type of action Strategy/Policy
Scope National
Stage Under development
Submitted to UNFCCC registry No
Start of initiative 2014
Financing and support details
Financing status Seeking financing
Total cost US$ 4076 mln
Financing requested US$ 376 mln
Financing received to-date
(no data)
Principal source of financing Multilateral
Principal type of financing Grant
Capacity building required Yes
Technology transfer required Yes
Additional information
Proponent(s) Ministry of Transport, Ministry of Environment and Natural Resources
International funder(s) UNDP, KfW
Organization providing technical support GIZ
Contact
(no data)
Objective:

The objective of the NAMA is to reduce emissions in the urban transport sector.

Activities: (2016 - 2030)
The NAMA aims to materialise GHG reduction potentials through:

  • utilisation of more efficient bus technologies
  • increase of bus occupancy rates
  • shift from private transport to public transport.

The NAMA has 3 main components:

  • Low-carbon bus technologies, with the introduction of 200 hybrid and 50 plug-in hybrid buses by 2020
  • Operational efficiency improvements, with the introduction of fuel efficiency measures in bus fleets and bus route optimisation in 3 pilot cities, 25% and 50% of the potential of the national public transport fleet harnessed by 2025 and 2030, financial and technical assistance to bus operators and cities
  • Public transport system improvement by technical assistance for public transport planning, data and MRV/monitoring system for cities, integration of different modes of transport, and national policies that support cities

Impact and MRV

pChart

Cumulative GHG reductions: 5 MtCO2e
Mitigative capacity:

No information has been provided on mitigative capacity

Co-benefits:

Social: * noise reduction
  • quality of life improvement
Economic: Information has not been provided
Environmental: Information has not been provided

MRV Framework:
No MRV plan has been defined


References

USD 15 million incentive fund provides full up-front differential costs for 250 low carbon buses, USD 30 million credit finance and bus operators’ own capital, USD 5 million technical assistance, USD 326 million grant finance, USD 3,700 million credit and own capital