At the launching event
The report, which is the third in a series of outlook publications, was developed in close cooperation between the Danish Energy Agency (DEA), the Electricity and Renewable Energy Authority (Vietnam), and the Embassy of Denmark. It provides mid- to long-term perspectives on possible development paths for Vietnam’s energy system towards 2050, guides policy makers and inspires deliberations on a green transition.
Particularly, the EOR21 examines a scenario for Vietnam to reach the net zero emissions by 2050 and an in-depth study on the green transport sector with higher share of electrification and a modal shift towards collective means of transport which resulted in a significant reduction of CO2 emissions and air pollution.
It is expected that the report will give concrete inputs to the implementation of Vietnam’s National Power Development Plan No. 8 (PDP8), the National Energy Master Plan, the Vietnamese Climate Change Strategy and other governmental plans and strategies.
Speaking at the launching of the report, Vice Minister for Industry and Trade Dang Hoang An said that the report provided valuable information about short-term and long-term energy and power system development, in conformity with the Vietnamese Government's direction for sustainable energy development along with environmental protection and energy security.
Director General of DEA Kristoffer Böttzauw told the event that Vietnam had already come a long way with its green transition, which Prime Minister Pham Minh Chinh’s net zero pledge at COP26 in Glasgow illustrates.
"With the Vietnam Energy Outlook Report2021 developed in a close collaboration with the Vietnamese Energy Authorities,we aim to display how this target can be reached in time and at the lowest cost possible to the benefit of the country, its people and, not least, the global climate,” he said.
Potential for reaching the 2050-target of net-zero emissions
In recent decades, Vietnam has experienced average annual growth rates of around 7 percent in GDP and the growing economy has led to significant increase in energy consumption as well as in CO2-emissions.
‘Vietnam is an important partner for Denmark when it comes to green economy transition," said H.E. Mr. Kim Højlund Christensen, Ambassador of Denmark to Vietnam at the launch. "We are happy to share with our local counterparts solid and well-proven Danish solutions, knowhow and best practices gained during the past 30 years to support Vietnam in realizing its great potential for green transformation and the country’s commitment to combat climate change and achieve net-zero by 2050 in the most efficient and just way."
