Overview of PDP8 and National Transition Roadmap

Minh Ha-Duong

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Abstract: Vietnam's energy sector needs more than 4 billion USD invested annually. Since the Ministry of Industry and Trade started preparing the Power Development Plan 8 in 2019, fossil fuel prices are in crisis, domestic fossil fuel reserves are peaking, and climate policy ambitions have increased. The national climate change strategy to 2050 sets a goal of reducing greenhouse gas emissions from the energy sector by 32.7% in 2030. The Power Development Plan 8 has undergone many revisions from July 2020 to August 2022. To move forward, solutions such as energy efficiency, gas-to-power, auctions, offshore wind, electricity prices, and green finance are needed.

Date: 2022-09-07
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Published in Vietnam Energy Forum: Energy Transition to Sustainable Development, Sep 2022, Ho Chi MInh City, Vietnam

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04495954

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