Logo of Phnom Penh Post newspaper Phnom Penh Post - Vietnam to increase share of renewable energy to 30% by 2045: President



Vietnam to increase share of renewable energy to 30% by 2045: President

Content image - Phnom Penh Post
World leaders on the second day of the virtual summit on climate. VIETNAM NEWS AGENCY/VIET NAM NEWS

Vietnam to increase share of renewable energy to 30% by 2045: President

Vietnam will greatly reduce coal-based power generation and rapidly increase the share of renewables in the total primary energy supply to 20 per cent by 2030 and 30 per cent by 2045, said Vietnamese President Nguyen Xuan Phuc on April 23 night (Vietnamese time) while attending a session within the framework of the virtual Leaders Summit on Climate.

His Nigerian, Polish and Spanish counterparts Muhammadu Buhari, Andrzej Duda and Pedro Sanchez were among speakers of the session.

The session, which was chaired by US President Joe Biden, highlighted the broad economic benefits of climate action, with a strong focus on job creation.

It covered the economic benefits of green recovery and long-term decarbonisation and the importance of ensuring that all communities and workers benefit from the clean-energy transition.

Opening his remarks at the session, Phuc welcomed the US’ return to the Paris Agreement, saying he believed the renewed leadership and strong commitment that Biden espoused during the summit’s opening session, combined with shared efforts, will lead the countries on the path towards achieving the goals of the Paris Agreement.

Phuc said climate change was undoubtedly a major existential crisis to many countries and to our planet. In Vietnam, last year alone, extreme weather has taken hundreds of lives and reversed decades of progress in poverty reduction. The Mekong Delta, Vietnam’s rice bowl and the home to 20 million Vietnamese, is suffering immensely from sea level rise, especially towards the end of this century.

Transitioning to a green, net-zero emission economy is an inevitable trend and imperative to limiting global warming to 1.5 degrees Celsius. This is a challenge, but will certainly bring huge opportunities and benefits in creating jobs, ensuring energy security, and enhancing economic competitiveness and sustainability, he said.

“Vietnam is determined to follow this path. At the same time, we need a suitable roadmap for developing countries where much hardship remains.”

He highlighted three main points in his speech, including just and inclusive transition which “must ensure equal access to opportunities and benefits, place the people at the centre, and leave no one behind. It must especially be supported by the people, businesses and scientists".

Developed countries must continue to take the lead in emission reduction commitments, at the same time, give greater concrete support to developing countries, including Vietnam, in finance, new technology development, high-quality and efficient infrastructure and job creation, he said.

“We welcome and look forward to receiving the assistance from the US International Climate Finance Plan and other international financial arrangements, including from international companies and corporations.”

The pursuit of climate goals should be compatible with each country’s conditions, including the need to alter lifestyles, modes of production and work. This endeavour must be integrated into national development strategies and plans, he said.

Each country must itself make efforts and make good use of international aid and resources. There need also be national mechanisms for oversight and evaluation of implementation to improve their ability to recover, he said.

“Vietnam makes every effort to contribute to global action. We had been quick to submit its Nationally Determined Contributions [NDCs] and mainstreamed them into domestic laws for enforcement.

“By 2030, we pledge to reduce emissions by nine per cent with our domestic resources and by 27 per cent with bilateral and multilateral support.”

“Vietnam will reduce the intensity of greenhouse gas emissions per GDP [gross domestic product] by nearly 15 per cent by 2030 and methane emissions from agricultural production by 10 per cent.

“Earlier this month, Vietnam launched a programme to plant a billion trees by 2025. This project alone is expected to absorb two-to-three per cent of Vietnam’s total emissions by 2030,” Phuc said.

VIET NAM NEWS/ASIA NEWS NETWORK

MOST VIEWED

  • Ice cream, noodles flagged over carcinogen

    The General Department of Customs and Excise of Cambodia (GDCE) has identified three types of instant noodles and ice cream trademarks originating from Thailand, Vietnam and France that are suspected to contain ethylene oxide, which poses a cancer risk to consumers. The general department has

  • Exclusive interview with Josep Borrell Fontelles, High Representative of the EU

    CAMBODIA is hosting the 55th ASEAN Foreign Ministers’ Meeting (AMM) and Related Meetings this week with top officials from the US, China, and Russia and other countries in the region slated to attend and to meet with face-to-face with their counterparts on the sidelines. In

  • Rise in Thai air routes to Siem Reap fuels travel hopes

    Local tourism industry players are eager for regional airline Bangkok Airways Pcl’s resumption of direct flight services between the Thai capital and Siem Reap town on August 1 – home of Cambodia’s awe-inspiring Angkor Archaeological Park – which is expected to boost the growth rate of

  • ASEAN Foreign Ministers’ meet commences, Taiwan issue possibly on table

    The 55th ASEAN Foreign Ministers’ Meeting (AMM) and related meetings hosted by Cambodia kicks off in Phnom Penh on August 3, with progress, challenges, and the way forward for the ASEAN Community-building on the table. Issues on Taiwan, sparked by the visit of US House Speaker

  • NBC eyes KHQR payments in Laos, Vietnam

    The National Bank of Cambodia (NBC) is working with Lao and Vietnamese authorities to expand the use of KHQR code cross-border payment systems to promote trade and investment as well as increase the scope of regional economic linkages, and in particular, facilitate remittances from overseas

  • Recap of this year’s ASEAN FM meet and look ahead

    This year’s edition of the ASEAN Foreign Ministers’ Meeting (AMM) hosted by Cambodia comes against the backdrop of heightened global tensions and increasing rivalry between major powers that have been compared to the animosity of the Cold War era. The following is The Post’