According to data compiled by the Green Innovation and Development Centre (GreenID) in Vietnam, 18 proposed coal power projects – with installed capacity totalling 20.4GW – are now unlikely to reach financial closure after China’s moratorium.
Category: Viet Nam
Fires lit for agriculture boost air pollution in Mekong Region
Reducing fires lit for agricultural management and deforestation, which unduly affect poorer populations, could help prevent 59,000 premature deaths per year.
Vietnam chooses sustainable approach to development: Minister
Minister Ha held that it’s time to put the recovery of the nature and ecologies at the top place in political, diplomatic and economic agendas, considering it as the criterion and moral standard in the behaviour towards the nature from highest leaders to all people at grassroots level.
Carbon pricing insights from Vietnam
The paper finds that low carbon prices of $1.85 and $3.86 per tonne on fossil fuel sources, starting from 2022 and increasing at a real rate of 10 per cent per year, would have the potential to reduce emissions from fossil fuel combustion by about 5.5 per cent and 11.2 per cent respectively, relative to business as usual by 2030.
Why Vietnam needs a circular economy for plastics
Increasing consumption of single-use plastics and mismanagement of wastes is visibly polluting the country’s cities and beaches, adversely impacting biodiversity and natural habitats, and contributing to climate change.
Millions of US dollars poured into green growth projects
Capital flows into green growth projects have still seen positive signals despite adverse impacts from the Covid-19 pandemic on foreign direct investment (FDI) in Vietnam.
US and Vietnam reach timber pact thus averting punitive tariffs
The accord “secures commitments that will help keep illegally harvested or traded timber out of the supply chain and protect the environment and natural resources,” and no trade action is warranted for now, the Office of the US Trade Representative said in an emailed statement.
Vietnam says no extension of price offer for wind power developers
In an email interview with Reuters earlier this month, William Gaillard, Asia Pacific sales vice-president of wind turbine provider Vestas, said that without the FiT, projects face huge uncertainty over their future revenue, if not a risk of default under their project finance terms.
Vietnam should walk the talk in climate actions
The “critically insufficient” rating indicates that Vietnam’s GHG target in 2030 reflects minimal to no action and is not at all consistent with the Paris Agreement’s 1.5°C temperature limit. If all countries were to follow Vietnam’s approach, warming would exceed 4°C.
Vietnam to minimise new coal-fired power plants
The draft PDP VIII called for increased coal-fired power supplies. in response to expert criticism, however, the MoIT now state it won’t allow any new coal-fired projects and would instead replace them with more environmentally-friendly liquefied natural gas sources.