Environment

Energy transition critical to net zero emission achievement: confab

A seminar held in Hanoi on May 20 highlighted energy transition as an important tool to help Vietnam achieve net zero emissions by 2050.
Energy transition critical to net zero emission achievement: confab ảnh 1Panels of the Sao Mai solar power plant in An Giang province (Photo: VNA)
Hanoi (VNA) – Aseminar held in Hanoi on May 20 highlighted energy transition as an importanttool to help Vietnam achieve net zero emissions by 2050.

In his opening remarks,Deputy Minister of Natural Resources and Environment Vo Tuan Nhan said theministry recently finalised a draft national strategy on climate change for2050 so as to devise a roadmap for realising Vietnam’s commitments made at the26th UN Climate Change Conference (COP26), including achieving netzero emissions by 2050, reducing methane emissions, conducting energytransition, and gradually eliminating fossil fuel. This draft has beensubmitted to the Prime Minister.

To cut net emissions down tozero, it is necessary to strongly carry out energy transition and boostlow-carbon development, he said, noting that to Vietnam, apart from the aim of reducinggreenhouse gas emissions, transitioning from fossil fuel to clean and renewableenergy is also meant to step up sustainable economic restructuring and graspopportunities to improve the economy’s competitiveness and development.

Vietnam views energytransition as both a chance and a challenge. It is a need to strongly transitionfrom fossil to clean energy to match the global trend. On the other hand, it isalso important to guarantee energy security, change jobs for the affectedworkers, especially those in the coal industry, ensure power prices areaffordable for low-income earners, and equip the country’s manpower withnecessary skills to operate advanced low-emission technologies, according toNhan.

Andrew Jeffries, CountryDirector of the Asian Development Bank (ADB), spoke highly of Vietnam’s strongcommitment to net zero emissions by 2050.

The commitment implementationrequires efforts and considerable financing for promoting renewable energy,upgrading the power grid, and applying new energy saving technologies andsolutions, he pointed out, adding that ADB pledges to assist its developingmembers to resolve climate change challenges.

At the seminar, participants suggestedseveral energy transition solutions to work out financial and policy mechanismsfor facilitating clean energy use./.
VNA
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