Technology transformation for Vietnam to achieve Net zero target

To achieve the goal of Vietnam having net zero carbon dioxide emissions by 2050, comprehensive changes are needed, in which many businesses convert to technology and renewable energy.

At the workshop "Net zero - Green Transition: Opportunities for leaders" organized by Vietnam Television on the morning of June 27, experts and managers said that green growth is a complex problem between increasing economic growth rate and sustainable development goals, especially for a country in transition like Vietnam. In which, enterprises play a central role.

Solar power is being encouraged for use in both businesses and daily life. In the photo, workers are constructing the Trung Nam solar power project (Thuan Bac district, Ninh Thuan province), February 2019. Photo: Quynh Tran

Speaking at the event, Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc said that in reality, pollution comes not only from production but also from consumption. Accordingly, the National Strategy on Green Growth sets the goal of committing to Net zero by 2050, which is expressed in 18 thematic groups, 57 task groups, activities and 134 specific tasks. To achieve this, there needs to be a comprehensive change from awareness, production to consumption and policy. "It is necessary to quantify green transformation solutions based on science, technology and innovation," she said, adding that the state's support for initial investment incentives to encourage businesses to innovate and apply initiatives is necessary.

Associate Professor Dr. Nguyen Dinh Tho, Director of the Institute of Strategy and Policy on Natural Resources and Environment, Ministry of Natural Resources and Environment, said that it is expected that in December this year, the draft of Vietnam's Circular Economy Action Plan will be submitted to the Government. The perspective of this plan is to minimize the use of fossil fuels, reduce emissions into the environment, and extend the life cycle of products. "The circular economy will be a tool towards Net Zero by 2050," said Mr. Tho.

To implement this, Mr. Tho said, the State plays a role in creating and building policies, encouraging businesses to participate in the green transformation process through land incentives, green credit... Businesses are the creative design subjects integrating policies into practice for sustainable development.

In fact, many businesses have applied technologies such as solar power systems to provide clean energy, help reduce emissions, or reusable materials, biodegradable plastic bags...

To date, about 140 countries, representing nearly 90% of global emissions, including major emitters such as the US, China and India, have committed to or are working towards a Net Zero target. Each country sets its own timeline.
to achieve this target, largely by 2050, with a few exceptions by 2035 and by 2070 at the latest.

Hai Minh

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