The seminar on energy transition held in Hanoi on June 22. (Photo: qdnd.vn) Addressing a seminar in Hanoi on June 22, Hoang TienDung, Director of the Electricity and Renewable Energy Authority at the Ministryof Industry and Trade, said as Vietnam is a dynamic economy with fast growth formany consecutive years, demand for energy, especially electricity, has been onthe rise.
With its own efforts and assistance from partners, thecountry is gradually reducing power sources using fossil fuel and promotingnew, clean, and renewable energy, he said, noting that this is also aninevitable trend that helps guarantee a sustainable economy.
So far, Vietnam has obtained certain results inincreasing the share of renewable power in its power system. It is planning todevelop lower-carbon power generation and accelerate fuel transition in thecoming time, Dung said.
However, the official pointed out that the emergence ofnew electricity sources has also posed the system to sustainability andstability challenges, which requires coordination in terms of both policy and technologyto ensure trustworthy power generation.
Sean M. Lawlor, an energy expert from the US Embassy, said as a long-termpartner of Vietnam, the US is recommending Vietnam to take creative policymeasures to attract foreign investment and step up energy transition so as tohelp implement the commitments Prime Minister Pham Minh Chinh made at the 26th UN Climate Change Conference of the Parties (COP26).
Narendra Asnani, director for services at GE Gas Power in Asia, said lower-carbonenergy sources like gas and such solutions as hydrogen and carbon capture technologiescan help Vietnam achieve carbon neutrality.
With its long-term presence in Vietnam and thecommitment to help boost local economic growth through the application of thenewest energy efficient technologies, GE is providing suitable solutions andglobal experience for Vietnam to meet current demand and sustain growth, headded.
At the seminar, experts proposed several measures forboosting energy transition in Vietnam.
Coal-fired power is making up one-third of Vietnam’stotal output. The country looks to reduce the proportion of this type of electricityto about 9.5 percent and raise renewable energy to 32 percent by 2045. It isalso encouraging low-carbon power sources to cut down emissions and supportrenewable energy./.
VNA
