DNVN - Vietnam is facing the challenges of climate change and environmental pollution, requiring a transition to a sustainable economy. In particular, digital technology is considered an important driving force to promote a green economy and sustainable growth.
Digital technology in new economic models
In recent seminars, especially the event “Promoting green investment and green financial market” held in Da Nang, experts affirmed that digital technology plays a fundamental role in promoting green economic models, circular economy and sharing economy. Digital technology helps optimize production processes, reduce energy consumption and effectively manage greenhouse gas emissions, thereby supporting businesses to meet increasingly strict green standards in the international market.
Associate Professor, Dr. Nguyen Hong Quan - Director of the Institute for Circular Economic Development (ICED), said that green economic models are not only a trend, but also a mandatory future if businesses want to compete in the long term. Mr. Quan emphasized that the application of digital technology is an effective solution to improve production capacity, save energy, and at the same time create new value through sustainable initiatives.
A typical example is the use of rooftop solar power. This is not only a clean energy solution, but also brings economic benefits through selling excess electricity to the national grid. Digital technology plays a key role in accurately calculating the amount of electricity generated and managing related data, creating favorable conditions for both investors and users.
Dr. Nguyen Quoc Viet, Deputy Director of the Vietnam Institute for Economic and Policy Research (VEPR), also emphasized the role of the digital economy in green transformation. According to Mr. Viet, technology applications such as smart monitoring systems, production optimization tools and renewable energy solutions are specific examples showing the effective combination of digital technology and sustainable development goals.
“To achieve the goal of the digital economy contributing 20-30% of GDP in the 2025-2030 period, Vietnam needs to promote the integration of digital technology into production and business activities associated with the green transformation goal,” Dr. Viet emphasized.
In addition to the energy sector, digital technology also strongly supports the construction of smart management systems in other industries. From sustainable agricultural production, efficient waste treatment, to solutions to reduce emissions in transportation, digital technology is opening up new opportunities for Vietnamese enterprises to participate more deeply in the global value chain.
Mobilizing resources for green transformation
Besides technology, mobilizing green financial resources plays a decisive role in the success of the green transition.
According to Mr. Doan Truong Giang - Deputy Director of the Center for Natural Resources and Environment Communication, green finance is not only a trend but also a key factor in implementing Net Zero goals and reducing greenhouse gas emissions.
Experts at the workshop also emphasized that Vietnam needs to strongly develop the green financial market and carbon market. This will be an important tool to mobilize capital from international organizations, while supporting businesses in investing in renewable energy projects and sustainable technology.
A clear example of the combination of digital technology and green finance are “just transition” programmes. Credit institutions not only provide capital but also provide technical support and share risks to ensure the viability of projects.
Dr. Viet commented that banks and financial institutions play the role of catalysts, helping to unlock capital sources from the private and public sectors, while reducing investment costs through the recapitalization mechanism.
In addition, the State also needs to strongly participate in developing specific support policies, including encouraging the use of digital technology in key industries, minimizing environmental impacts.
Associate Professor, Dr. Nguyen Hong Quan noted that the green transition process still faces many challenges, especially in terms of finance, technology and policy. Therefore, close connection between stakeholders, from the Government, businesses to the international community, is an indispensable factor.
Digital technology is becoming a key driver in the green transition, creating the foundation for new economic models such as the green economy, circular economy and sharing economy. When combined with green financial resources and appropriate supporting policies, digital technology not only helps to mitigate the negative impacts of climate change but also promotes sustainable economic growth.
Vietnam, with the advantage of being a rapidly developing country, has a great opportunity to lead this race, as long as it knows how to make the most of the potential that digital technology and green finance bring.
Duy Khanh
Source: https://doanhnghiepvn.vn/cong-nghe/cong-nghe-so-dong-luc-then-chot-cho-kinh-te-xanh/20241124053410889
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