Symposium seeks solutions to promote green energy development

A symposium on promoting green energy development, current status and implementation solutions was held in Hanoi on August 8, to assess the current status, opportunities, difficulties and challenges in transitioning from fossil energy to green energy in Vietnam.
An overview of the symposium
An overview of the symposium

In his opening speech, Dr. Pham Anh Tuan, Deputy Director of the Vietnam Economic Institute said that on October 1, 2021, the Prime Minister issued Decision No.1658/QD-TTg, approving the National Strategy on green growth for the 2021-2030 period, with a vision to 2050. The green growth strategy focused on exploiting and using energy economically and efficiently, increasing the use of renewable and green energy.

At the same time, Vietnam has committed to achieving net zero emissions at the 26th United Nations Climate Change Conference of the Parties (COP26) and Vietnam's updated Nationally Determined Contribution (NDC). In addition, Vietnam has also joined the Just Energy Transition Partnership (JETP).

To concretise the above strategies and commitments, on May 15, 2023, the Prime Minister issued Decision No. 500/QD-TTg, approving the National Power Development Plan for the 2021-2030 period, with a vision to 2050.

The workshop also identified shortcomings, limitations, and bottlenecks, specifically in mechanisms, policies, and management organisations, that need to be removed and correctly identified as the root causes of the problems hindering the current green energy and green economic transition process.

NDO