Vietnam aims to gradually increase the share of renewable energy sources in its total energy production by generating ever greater amounts of solar, wind and biomass energy, and according to German industry experts the country has the potential to become Southeast Asia’s renewable energy superpower in the coming years.
At a recent Leaders Summit on Climate, the largest-ever virtual gathering of political leaders representing the world’s biggest economies and greenhouse gas emitters, Vietnam’s president Nguyễn Xuân Phúc said that Vietnam intended to reduce its coal-based power generation and increase its proportional use of renewables to 20 percent by 2030 and to 30 percent by 2045.
President Phúc also acknowledged climate change as a major threat to worldwide societies, and added that Vietnam was aware that the key to limiting global warming to a tolerable level was transitioning to a net-zero emission economy, or in other words bringing a balance between the amount of greenhouse gas produced and the amount removed from the atmosphere.
Vietnam’s efforts to shift towards renewable energy and sustainable development haven’t gone unnoticed in the international community. Weert Börner, the Deputy Ambassador of Germany to Vietnam, has recently said that Vietnam could soon become a regional leader in renewable energy, pointing out that Vietnam’s investment of $7.4 billion in solar and wind power in 2020 ranked it 8th in the world, ahead of France and Germany.
Börner’s comments were mirrored by Energiezukunft, a German news outlet and an authority on renewable energy and environmental protection. In a recent article, the magazine praised Vietnam’s gradual transition to renewable energy sources and said that Vietnam had no peers in Southeast Asia in this regard.