Vietnam pledged to phase out coal power by 2040 at the United Nations climate change conference in Glasgow in 2021 Such projects have offered similar incentives to South Africa and Indonesia. Late last year the Group of Seven advanced economies promised to provide $15.5 billion to help it end its reliance on coal-fired power plants as a part of a Just Energy Transition Partnership or JETP. In July 2022, Vietnam enshrined in law a pledge to reach net-zero emissions by 2050. The continued reliance on fossil fuels and burning biomass such as rice husk and residue from sugar cane farms, as well as the switch to build new infrastructure for gas-powered plants, has experts worried. While Vietnam’s new energy plan mandates that no new coal-fired power plants will be built after 2030 as the country transitions to cleaner fuels, total generation capacity from coal power will still rise by 2030, contributing some 20% of total energy production - down from the current 30.8%.īy 2050, Vietnam will stop using coal for power generation, switching all coal plants to using biomass and ammonia, according to the plan. “This plan showcases Vietnam’s macroeconomic growth ambitions - with robust plans to expand its generation capacity and the associated power sector infrastructure required to cater to the country’s growing energy demand,” said Kanika Chawla chief of staff at Sustainable Energy for All, the United Nations’ sustainable energy unit. It calls for a drastic shift away from heavily-polluting coal, expanding use of domestic gas and imported liquefied natural gas or LNG, which will account for about 25% of total generating capacity, while hydropower, wind, solar and other renewable sources will account for nearly 50% by 2030. That’s more than the capacity of developed countries like France and Italy, though well below Japan’s 290 GW. The national energy plan, called Power Development Plan 8 or PDP8, aims to more than double the maximum power Vietnam can generate to some 150 gigawatts by 2030. “It is a big headache for us,” said Nguyen Thanh Tam, deputy director of Hoa Long printing company in Hanoi. Amid severe drought, two out of the three largest hydroelectric reservoirs in Vietnam have almost completely stopped operating. Streetlights have been turned off in some major cities and businesses have been told to cut energy use.
JAKARTA, Indonesia (AP) - Power outages are leaving Vietnamese homes and businesses without power for hours at a time, as a prolonged drought and high temperatures strain the fast-growing economy’s capacity to keep up.Ī long-anticipated plan meant to fix the energy crunch and help achieve ambitious climate change goals will offer some relief but may not go far enough in weaning the country off of fossil fuels, experts say.
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