HÀ NỘI — Deputy Prime Minister Trần Hồng Hà has signed a decision approving a plan for the implementation of the Political Declaration on establishing the Just Energy Transition Partnership (JETP Declaration). It aims to successfully implement the JETP Declaration in combination with promoting the development of renewable energy, and the economical and efficient use of energy, contributing to realising net zero greenhouse gas emission targets by 2050; developing the energy industry with synchronous and smart infrastructure on the basis of ensuring national energy security and development goals, and ensuring fairness in energy transition. It also covers the reception and effective use of support from international partners in technology transfer, governance, human resource training and financial provision for the implementation of the declaration, contributing to implementing Việt Nam’s national energy development strategy and the Global Coal to Clean Power Transition statement. From now to 2030, the plan states that it is necessary to build and perfect the legal framework to facilitate the attraction of investors, businesses and people to engage in the just energy transition process and promote technology transfer. Relevant units will develop a resource mobilisation plan to implement the JETP Declaration, and carry out pilot projects related to just energy transition; while at the same time implementing the resource mobilisation plan with international financial support and technology transfer to promote the conversion of coal-fired power and fossil energy to clean energy, and develop renewable and new energy forms (green hydrogen, green ammonia).

Source: Viet Nam News September 04, 2023 23:43 UTC