Wind and solar energy usually are not the sources of vitality that can assist Vietnam guarantee nationwide safety, says Sean Lawlor, an vitality professional on the U.S. Embassy in Vietnam.
To realize the net-zero goal, which implies to have the quantity of carbon added to the ambiance not exceed the quantity eliminated, Vietnam wants to hurry up its vitality transition course of, which started in 2019, he mentioned.
This implies the nation must transition from coal-fired energy sources to liquefied pure gasoline, biomass, ammoniac or hydrogen energy sources, he added.
As of final yr, wind and solar energy accounted for practically 27 % of Vietnam’s whole vitality provide, and their manufacturing was practically 12.3 % of the overall, in keeping with the Ministry of Trade and Commerce.
Within the first six months of this yr, the manufacturing ratio elevated to 14.8 %.
Whereas there may be settlement that transitioning to cleaner vitality is required, there are hurdles on this path, officers say.
Nguyen Ngoc Hung, head of the vitality economics division beneath the trade ministry’s Institute of Power, mentioned Vietnam has nice potential for transitioning from conventional vitality sources as a result of there may be a wide range of renewable vitality sources readily available.
Nevertheless, the nation lacks an environment friendly authorized framework to spice up the transitioning course of and localization of vitality know-how is low, he mentioned, including that competitors out there was nonetheless at an early stage and lacked synchronization.
Hung mentioned Vietnam badly wants the vitality transition because the nation faces the most important challenges of declining conventional sources like coal and hydropower, but it surely was not straightforward to boost the funds wanted.
Nguyen Tai Anh, deputy director of Vietnam Electrical energy (EVN) mentioned he was involved concerning the very excessive prices of transitioning to newer applied sciences like biomass, ammoniac or hydrogen energy.
“There are additionally many coverage challenges for a profitable vitality transitioning, however price stays a very powerful issue.”
Deepak Maloo, Asia Pacific regional head with GE Renewable Power, mentioned each nation struggles with the price of transitioning to cleaner vitality.
However know-how might help resolve the issue, he added.
As an illustration, Vietnam can accomplice with corporations which have a whole bunch of years of expertise in transitioning from coal-fired energy vegetation to gas-fired ones, he mentioned.
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