The Group of Seven (G7) industrialised nations has made a new $15 billion offer to Vietnam to agree during a summit next week on funding to speed up its transition away from coal, three people familiar with the talks told Reuters.
Vietnam, which is among the world's top 20 coal users, was initially slated to sign up for the so-called just energy transition partnership with G7 nations at a global COP27 climate summit in November, but high-level talks broke off before the meeting.
All three Western officials, who declined to be named because talks were confidential, said it would be the final offer from the G7 before a summit of European Union and Southeast Asian nations in Brussels on Dec. 14, which EU officials have repeatedly indicated as the new target date for a deal. It remains unclear whether Vietnam would be prepared to accept the increased offer, because its main concerns do not appear to have been addressed.
One of the sources said there was a "50/50" chance of a deal next week. Another noted talks were still under way and final figures may still change slightly.
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