In 2021, at the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26), Vietnam announced that it would achieve net zero emissions by 2050; join the Global Declaration on transitioning from coal to clean energy, not building new coal power plants after 2030, and gradually reducing coal power from 2045; reduce methane emissions by 30% by 2030 compared to 2020; strengthen forest protection and land use management to reduce greenhouse gas emissions; join the global adaptation alliance... At the COP27 Conference, Vietnam actively negotiated to build a Political Declaration to establish a Just Energy Transition Partnership (JETP) with countries in and outside the G7.
Immediately after COP26, Vietnam established a National Steering Committee to implement Vietnam's commitments at COP26, chaired by the Prime Minister with 19 representatives from ministries and branches.
As the energy sector management agency, the Ministry of Industry and Trade has closely followed the Government's direction as well as the contents of COP26 to develop strategies, projects, programs/action plans to implement Vietnam's commitments with the viewpoint of prioritizing the development of renewable energy, not developing new coal-fired thermal power projects after 2030; and implementing a thorough energy transition.
Specifically, no new coal-fired thermal power projects will be developed after 2030. Before 2030, only coal-fired thermal power projects that are in the process of investment preparation for construction will be developed. Convert fuel to biomass and ammonia for plants that have been in operation for 20 years when the cost is suitable. Stop operating plants that are over 40 years old if they cannot convert fuel. Orientation by 2050, no longer use coal for electricity generation, completely switch fuel to biomass and ammonia.
Promote the development of onshore and offshore wind power and solar power in accordance with the absorption capacity of the system and the capacity to release power of the grid. Prioritize and encourage the development of rooftop solar power, self-production and self-consumption.
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| Developing Renewable Energy will contribute to helping Vietnam achieve COP26 goals |
To contribute to achieving the COP26 target, the Ministry of Industry and Trade also provides orientation and develops a suitable power source structure with key focus. Accordingly, priority is given to exploiting and effectively using renewable energy sources for electricity production; the proportion of electricity produced from renewable energy sources (including hydropower) will reach about 30.9-39.2% by 2030, aiming for a renewable energy ratio of 47%, provided that the commitments under the Political Declaration establishing the Just Energy Transition Partnership (JETP) with Vietnam are fully and substantially implemented by international partners and about 67.5-71.5% by 2050.
Exploit and effectively use domestic fossil energy sources combined with imports: Gradually reduce the proportion of coal-fired thermal power, prioritize the development of domestic gas-fired power, develop imported LNG gas power sources with appropriate scale. Implement energy transition closely following the trend of technology development and prices in the world.
By 2030, the total capacity of coal-fired thermal power plants in operation and projects under construction, likely to be completed and put into operation, will be about 30,127 MW, accounting for 20.1% of the total power capacity. By 2050, coal will no longer be used for power generation, completely switching to biomass/ammonia, with a total capacity of 25,632-32,432 MW, producing 72.5-80.9 billion kWh (5.3-6.6% of total electricity production).
Along with the energy transition, Vietnam will promote the use of electricity economically and efficiently; continue to accelerate the development of smart power systems, capable of integrating renewable energy sources with high penetration rates; upgrade and build increasingly advanced and modern transmission and distribution grids.
With the power source development program set out in the Power Plan VIII, the CO2 emissions of the power sector will reach 204-254 million tons in 2030, 226-254 million tons in 2035, and 27-31 million tons in 2050 (lower than the 35 million tons limit mentioned above). Thus, the energy transition roadmap in the Power Plan VIII ensures the net emission target of “0” by 2050 in Decision No. 896/QD-TTg.
In addition, the Ministry of Industry and Trade is also actively developing a plan to implement Directive No. 13/CT-TTg of the Prime Minister dated May 2, 2024 on strengthening the management of Carbon credits to implement the Nationally Determined Contribution (NDC). At the same time, it is taking the lead in coordinating with relevant agencies to review the legal basis, domestic practical situation and international experience in the management, purchase and exchange of renewable energy certificates (RECs) associated with the implementation of national emission reduction targets.
Source: https://congthuong.vn/bo-cong-thuong-no-luc-cu-the-hoa-cam-ket-tai-cop26-322213.html
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