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Vietnam advised to promote just energy transition

Vietnam needs to carry out fiscal policies and regulations to promote and improve capacity in renewable energy and energy efficiency, heard the virtual Just Transition Forum in Asia 2021 (JTFA 2021) on September 8.
Vietnam advised to promote just energy transition ảnh 1A solar and wind power project in Ninh Thuan province (Photo: VNA)
Hanoi (VNA) - Vietnam needs to carry out fiscal policies andregulations to promote and improve capacity in renewable energy and energyefficiency, heard the virtual Just Transition Forum in Asia 2021 (JTFA 2021) onSeptember 8.

The conference was jointly held by the Friedrich-Ebert-Stiftung(FES) in Vietnam and the Climate Action Network Southeast Asia (CANSEA).

Claudia Ehing, Director of the FES’s Regional Climate andEnergy project in Asia, said that just energy transition refers not only toenvironmental impacts but also to economic and social changes necessary topromote energy transition on a global scale, and effectively implement thegoals set out in the Paris Agreement on climate change.

This forum is an opportunity for leading experts fromgovernments, businesses, think tanks, the labour movement, and national andinternational organisations to discuss measures to build a socially inclusive andclimate-resilient future in Asia powered by renewable energy; and build partnerships forpotential collaborative projects and initiatives in the future.

Dr. Nguyen Trinh Hoang Anh, Director of the VietnamInitiative for Energy Transition (VIET), stated that Vietnam needs to develop anew long-term energy vision to improve energy access and efficiency, reducegreenhouse gas emissions, towards the use of 100 percent of renewable energy.

Anh proposed Vietnam invest in energy reserve capacity andelectricity grid, and step up the transition to efficient and renewableenergies, especially solar, wind, and biomass.

Vietnam needs to increase the financial transparency andimprove techniques of state corporations in the energy sector, Anh said, addingthat this will help build trust, enable fairer competition, improveperformance, and benefit consumers./.
VNA

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