VIETNAM SEEKS SUPPORT FROM UK, EU IN CLEAN ENERGY TRANSITION

Deputy Prime Minister Tran Hong Ha has asked representatives of the UK and the European Union to share their experience and technologies in clean energy transition with Vietnam.

He also sought support in developing smart grids, increasing the proportion of renewable energy, and ensuring the balance and stability of the energy system, all of which are expected to pave the way for Vietnam to orient toward a green fuel manufacturer in the Asia-Pacific region.

The request was made during his meeting with the UK’s special envoy on climate change and Principal Adviser on Energy Diplomacy at the EU held yesterday, April 17, according to the Government portal baochinhphu.vn.

Vietnam has made a commitment to achieving net-zero emissions by 2050, Ha said, adding that the Southeast Asian country considered the Just Energy Transition Partnership (JETP) a critical channel to receive technological and financial support from developed countries in energy transition.

The UK and the EU also expressed their willingness to support Vietnam in technical expertise and technology within the framework of JETP, pledging to further promote investment in Vietnam in the coming time.

The JETP will mobilize an initial US$15.5 billion of public and private finance over the next three to five years to support Vietnam’s green transition.

The partnership would support the country in achieving its ambitious net zero goal by 2050, help the nation peak its emissions by 2030, five years earlier than planned, and enable it to wean itself off fossil fuels and switch to clean energy.

Source: The Saigon Times