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Integrative Strategy and Policies for Promoting Appropriate Renewable Energy Technologies in Lower Mekong Basin Region With Special Focus on Viet Nam

Venkatachalam Anbumozhi and Nguyen Anh Tuan

in Books from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: Cambodia, Lao PDR, Myanmar, Thailand, and Viet Nam - located in the Lower Mekong Basin Region (LMBR) and have great potential and opportunity for cooperation - have remarkable achievements in economic development. Exploitation of renewable energy (RE) sources is seen as one of the best ways to facilitate economic growth in a low carbon way, ensure energy security with focus on indigenous resources and benefits to public health, and improve the economy of rural areas. This report assesses strategy and policies for the RE development of LMBR countries and analyses the social, economic, and environmental benefits derived from RE development for Viet Nam. It also evaluates Viet Nam's five technologies - solar photovoltaic (PV), biogas, wind, small hydro, and biomass - and finds that these meet 14.1 percent of power generation potential by 2040. Moreover, the report estimates that the RE technologies used for power generation will reduce GHG emissions from 9.5 million tonnes to 175.2 million tonnes CO2eq, based on the level of technology deployment. Finally, to achieve the RE development target of countries, the report proposes new market-based instruments and a regional cooperation framework that facilitate cross-border projects.

Date: 2017
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