Fulbright University’s Environmental Economics and Policy lecturer, Dr. Le Viet Phu, has labelled Vietnam’s current GDP growth rate ‘not sustainable,’ and called on household energy prices to be raised as a means of reducing air pollution A university professor has urged Vietnam to raise domestic power prices because the current low rates, though they have helped the country develop quickly, are costing it the environment. Speaking at a public panel discussion on air quality held at the U.S. Consulate’s American Center in Ho Chi Minh City on Tuesday, Dr. Le Viet Phu, an environmental economics and policy lecturer at Fulbright University, said that the real cost of the country’s rapid economic development was being “subsidized by the environment.” “Vietnam has developed very rapidly over the past ten years because we’ve kept a low energy price,” he told the assembled audience, “but that doesn’t work anymore.” “To keep the price so low, Vietnam has used a lot of coal-fired power plants that cause air pollution,” he said. “The cost of production, of the energy – the electricity we are using – is a lot more than the amount we are actually paying. If we want to protect the environment, we have… Read full this story
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