Implementing a Just Energy Transition

Minh Ha-Duong

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Abstract: Vietnam is at a critical juncture in its energy transition. While robust economic growth drives electricity demand, sustainability concerns necessitate a shift to renewable sources. International cooperation can provide vital support through knowledge, technology and finance. However, funding proposals like the Just Energy Transition Partnership (JETP) require balanced evaluation. Transition policies must also incorporate multifaceted notions of justice and adaptively blend planning with market forces. Seizing opportunities while overcoming hurdles demands policy innovation, stakeholder inclusion and evidence-based analysis. With creativity, pragmatism and social responsibility, Vietnam can pioneer an equitable transition that meets development needs cost-effectively. I present an integrated perspective across technical, financial, political and social dimensions, and welcome expert input on charting an optimal pathway during this pivotal moment.

Date: 2023-07-26
New Economics Papers: this item is included in nep-ene, nep-env, nep-mac and nep-sea
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Published in Fourteenth Vietnam Economist Annual Meeting (VEAM 2023), University of Economics, Danang, Jul 2023, Danang, Vietnam

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