Production cost is the major barrier for the development of renewable energy in Vietnam, an official from the Institute of Energy told a workshop in Hanoi on November 21.

Dr Nguyen Anh Tuan, Director of the institute’s International Cooperation Department, added that new technologies are expected to make wind and solar energy and bio-fuel more cost-competitive compared to fossil fuel.

He also pointed out that the lack of support policies and incentives as well as difficulties in accessing capital are among other obstacles.

Deputy Director of Green Innovation and Development Centre (GreenID) Tran Dinh Sinh said the workshop is to introduce forecast of Vietnam’s energy demand between 2015 and 2030, the potential of efficient use of energy, and existing obstacles to the development of alternative energy and energy saving in the country.

Hosted by Green ID, the event formed part of activities by the World Wildlife Fund in its initiative to promote sustainable energy development in Vietnam.-VNA