Vietnam is set to double the use of renewable energy in the county by the end of this decade, media reports said. The country is also planning to cut carbon emissions by 15 percent during the period by reducing the usage of coal. By the end of 2045, the country plans to cut emissions by 20 percent.
According to the Vietnamese government, renewable energy sources such as solar and wind will contribute 15 to 20 percent of the country’s total energy generation by the end of 2030. Currently, Vietnam produces around 10 percent of its energy from renewable sources.
It is reported that by doing so, Vietnam will be able to implement the 2015 Paris climate accord, in which it pledged to cut greenhouse gas emissions on its own by 8 percent, or 25 percent with foreign aid, by 2030.
To cut emissions, countries must get rid of coal-fired plants which still remain the primary source of energy in many developing countries including Vietnam. Said that, Vietnam provides opportunities for alternative energy sources and the country is tapping into them.
Vietnam will tap into 10GW of offshore wind energy by 2030, according to an assessment carried out by the World Bank and Danish Energy Agency, media reports said. The findings were presented to the Vietnamese government to develop an offshore wind sector in Vietnam.
The assessment also found out that Vietnam has an estimated potential of 160GW offshore wind energy within 5 km and 100 km from shore.