Vietnam’s trade ministry has set the target to have 15-20 per cent renewable energy sources in its total primary energy supply by 2030, local media reported on Monday, February 6, 2023.
The rate would increase to 25-30 per cent by 2045, the local newspaper Vietnam News reported.
It cited an action plan on climate change response and green growth of the Ministry of Industry and Trade.
Greenhouse gas emissions from the electricity production sector were to be maintained at about 42 million tonnes of carbon dioxide by 2050, the newspaper said.
In addition, attention would be paid to promoting production and business models toward green growth.
The focus would be on applying solutions to the economical and efficient exploitation and use of natural resources and energy, said the action plan.
It also aimed to apply digital technology and digital transformation, develop infrastructure sustainability to improve growth quality, promote competitiveness and minimise negative impacts on the environment.
As of 2021, the installed capacity of the renewables in Vietnam hit 20,670 megawatts, accounting for 27 per cent of the total, said Vietnam News Agency in a report.
According to the International Renewable Energy Agency, Vietnam ranks in the top 10 countries with the highest installed solar energy capacity.