Ambitious Blueprint, Yet Environmental Concerns
Vietnam unveils a $15.5 billion Resource Mobilisation Plan (RMP) for its energy transition, aiming to achieve net-zero carbon emissions by 2050. However, environmentalists express reservations, highlighting key issues.
Flexible Use of Coal Raises Eyebrows
Environmental strategists, including Leo Roberts of EG3, raise concerns about Vietnam’s plan to use coal-fired plants “flexibly” until their end of life. Critics argue this approach hinders renewable energy investment and falls short of global expectations.
Civil Society’s Role and Recent Crackdown
Experts emphasize the importance of inclusive consultation for successful energy transitions. The recent crackdown on civil society in Vietnam, with environmentalists facing legal action, raises concerns about the plan’s effective implementation and the country’s commitment to renewables.
Balancing Ambition and Realism in Vietnam’s Energy Journey
Vietnam’s ambitious $20.7 billion energy transition plan faces scrutiny for its reliance on coal and limited inclusivity. Balancing flexibility and environmental consciousness is crucial for a successful and sustainable transition.
Source: straitstimes.com
