Net Zero Institute Director: Vietnam is rapidly transitioning to Net Zero

(Dan Tri) - According to the director of the Net Zero Institute (University of Sydney), the common goal of Vietnam and Australia is net zero emissions by 2050. She said Vietnam is expanding and transforming very quickly in its Net Zero journey.

Recently, the University of Sydney Vietnam Institute, part of the University of Sydney, Australia, was launched in Hanoi. The institute operates under the model of a non-profit social enterprise, gathering scientists to carry out practical research projects in Vietnam. At the event, the institute's representative also announced the institute's main mission in conducting multidisciplinary research in many fields, including health, agriculture, arts, social sciences, business as well as launching Net Zero initiatives, aiming to create far-reaching impacts, towards prosperity for the two countries. Sharing with Dan Tri reporters on the sidelines of the event, Professor Deanna M. D'Alessandro, Director of the Net Zero Institute, University of Sydney, said that both Australia and Vietnam have committed to net zero emissions (Net Zero) by 2050. She said that the challenge for Vietnam is also the challenge that Australia is facing because both countries are heavily dependent on fossil fuel energy sources. Greenhouse gas emissions mainly come from the use of fossil fuels and both countries face the challenge of switching to cleaner energy sources such as renewable energy. Green energy transition is an inevitable trend in the world to respond to climate change and move towards sustainable development. The Director of the Net Zero Institute also said that Vietnam is expanding and transforming very quickly in its Net Zero journey. "I am very impressed with the speed, scale and sustainable development solutions that have been implemented in Vietnam. Green energy transition will help Vietnam catch up with the trend. I think there are many things that Australia can learn and cooperate with Vietnam so that both countries can achieve net zero emissions by 2050," she shared.

Professor Deanna M. D'Alessandro, Director of the Net Zero Institute, University of Sydney (Photo: University of Sydney).

She believes that the economic opportunity for the Net Zero transition is also huge. Economically, clean energy technologies are needed and Vietnam is leading in many clean energy technologies. To achieve the green transition goal, we can reduce the use of fossil fuels and use clean fuels such as hydrogen. Sharing at the Net Zero Symposium Shaping the Future of Green Technology, Professor Ken Tye Yong of the University of Sydney also said that to reduce the use of fossil fuels, we can use renewable energy sources such as solar, wind or hydropower to reduce carbon emissions. In addition, we can use energy-saving equipment, invest in advanced machinery that consumes less energy. The Australian Government and international donors have committed to a non-profit funding of up to 40-45 million AUD (about more than 700 billion VND) for the University of Sydney Vietnam. The institute is a non-profit enterprise, so all revenue will be used to invest in research activities in Vietnam. Professor Nguyen Thu Anh, Executive Director of the University of Sydney Vietnam, shared that the institute has great potential to promote cooperation, innovation and creativity, aiming to create positive impacts not only in Vietnam but also beyond. "We look forward to collaborating with domestic and international organizations and individuals to build a solid foundation to enhance multidisciplinary research capacity and improve the quality of life for local and global communities," said Ms. Thu Anh. Professor Emma Johnston, Vice-Chancellor in charge of Research at the University of Sydney, also said that the institute was built on a long history of cooperation with researchers, students, the business community and Vietnamese Government agencies.

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Source: https://dantri.com.vn/kinh-doanh/giam-doc-vien-net-zero-viet-nam-dang-chuyen-doi-nhanh-ve-net-zero-20240621155756731.htm