31st Aug 2018

Deputy Prime Minister Tran Hong Ha has signed Decision No. 1009/QD-TTg, approving a plan for implementing the Political Declaration on establishing the Just Energy Transition Partnership (JETP Declaration).

It aims to successfully implement the JETP Declaration in combination with promoting the development of renewable energy, and the economical and efficient use of energy, contributing to realizing net zero greenhouse gas emission targets by 2050; developing the energy industry with synchronous and smart infrastructure based on ensuring national energy security and development goals, and ensuring fairness in energy transition.

It also covers the reception and effective use of support from international partners in technology transfer, governance, human resource training, and financial provision for implementing the declaration, contributing to the realization of Việt Nam’s national energy development strategy and the Global Coal to Clean Power Transition statement.

From now until 2030, the plan states that it is necessary to develop and refine the legal framework to attract investors, businesses, and individuals to engage in the just energy transition process and promote technology transfer.

 Relevant units will develop a resource mobilization plan to implement the JETP Declaration, and carry out pilot projects related to just energy transition; while at the same time implementing the resource mobilization plan with international financial support and technology transfer to promote the conversion of coal-fired power and fossil energy to clean energy, and develop renewable and new energy forms (green hydrogen, green ammonia).

It also mentions the need to upgrade and develop innovative, advanced, and modern infrastructure facilities for the production, transmission, storage, distribution, and management of electricity, which are capable of large-scale integration of renewable energy sources; intensify electrification and develop human resources to gradually master modern technology, towards producing equipment serving the development of renewable energy, and improving the management capacity of the energy industry.

The conversion from coal-fired power plants to clean energy sources is one of the key tasks specified by the plan, along with developing an eco-system for the renewable energy industry and services, promoting the generation of electricity from biomass, garbage, and solid waste to utilize agricultural and forestry by-products, building and implementing regulations on the rate of renewable energy for electricity distribution organizations, and a renewable energy credit market. 

Full docs to download.