Greenhouse gas emissions

Furthermore, in collaboration with Action for Environment Organization(AFEO), JTI Vietnam kicked off its first project under the Net Zero Carbon Emission program on June 27, 2020. The company teamed up with AFEO to plant 5,400 Cinnamomum bejolghota trees worth VND120 million ($5,200) in buffer zones across Xuan Son National Park in the northern province of Phu Tho. The 15,000-hectare Xuan Son National Park is known as the green lung of northwest Phu Tho province. … [Read more...] about JTI Vietnam aims at Net Zero carbon emissions

HCM City (VNS/VNA) - National electricity demand is expected to increase by 8.5 percent a year until 2025 and 7 percent until 2030, making Vietnam an attractive market for foreign energy investors. The economy is expected to grow at 6.5-7.5 percent annually until 2030, and would require 90,000MW of power by 2025 and 130,000MW by 2030. At the 2020 Vietnam Energy Summit in July in Hanoi a number of deals for investment in energy projects were signed, including the memorandum of understanding by the Copenhagen Infrastructure Partners, Asiapetro and Novasia Energy with the Binh Thuan Provincial People’s Committee to develop the 3.5GW La Gan offshore wind power project at a cost of 10 billion USD. Many investors said Resolution No 55-NQ/TW for strategic orientations for national energy development through 2030 has created a favourable environment to invest in the country’s power sector. The resolution prioritises renewable and clean energy, offering foreign … [Read more...] about Vietnam’s energy sector a magnet for foreign investors

Meanwhile, Le Thu, an environmental expert from the World Bank told VIR that although Vietnam has been striving to reduce greenhouse gas emissions, the government still needs to release additional policies on promoting clean electricity and help enterprises strengthen their technology to reduce emissions and understand what the government is doing. “The carbon market has great impacts on the economy, it is a chance at competition for enterprises. But in the first stage, we should let enterprises get ready by changing technology or input materials,” Thu said. … [Read more...] about Carbon pricing instrument should be driven by national conditions

At the 2020 Viet Nam Energy Summit in July in Ha Noi a number of deals for investment in energy projects were signed, including the memorandum of understanding by the Copenhagen Infrastructure Partners, Asiapetro and Novasia Energy with the Binh Thuan Province People’s Committee to develop the 3.5GW La Gan offshore wind power project at a cost of US$10 billion. … [Read more...] about VN energy sector a magnet for foreign investors

Hoang Tien Dung, director of the Electricity and Renewable Energy Authority, said: “Existing regulations allow the [sale] of projects to eligible foreign investors. Transferring projects and changing shareholders need approval from the Ministry of Planning and Investment or the Department of Planning and Investment depending on scale." … [Read more...] about Vietnam’s energy sector a magnet for foreign investors