Second Vietnam Clean Energy Forum focuses on policies and technology

The second edition of Vietnam Clean Energy Forum was held in Hanoi on April 7 to discuss the development of clean energy in Vietnam.

The forum dwelt on mechanisms, policies, technology and financing for wind, solar and gas power projects.

Addressing the event, deputy head of the Climate Change Department under the Ministry of Natural Resource and Environment Pham Van Tan said that "to realise its commitments of bringing net emissions to zero by 2050, and reducing 30 percent of methane emissions by 2030, Vietnam should shift to use renewable energies such as wind, solar and gas power, and other low-carbon sources."

Similarly, Hoang Trong Hieu, Deputy Chief of Office of the National Steering Committee for Electricity Development, was of view that renewable energy development has flourished in the presence of policies.

He further shared that due to this, Vietnam’s renewable energy sources have now reached about 20.7 GW, accounting for more than 27 percent of its total power capacity, a local report mentioned.

Meanwhile, Pham Thi Thanh Tung, Deputy Director of Credit for Economic Sectors Department under the State Bank of Vietnam, informed that "by the end of 2021, credit balance for green projects topped 441 trillion VND (19.3 billion USD), accounting for 4.2 percent of the total outstanding loans of the economy, up 32.5 percent compared to 2020," as per a local report.

He also suggested the authorities come up with a breakthrough policy including formation of a renewable energy fund to assist the investors.

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