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Potentials and opportunities for low carbon energy transition in Vietnam: A policy analysis

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  • Shem, Caitlin
  • Simsek, Yeliz
  • Hutfilter, Ursula Fuentes
  • Urmee, Tania

Abstract

This paper intends to synthesis the status quo and projected energy situation for Vietnam, as one of the fastest growing energy economies among the Association of South East Asian Nations (ASEAN). Focus is drawn towards the existing policy landscape's ability to foster low carbon development progression as an alternative to the existing fossil fuel driven economy, while also aligning with achievement of Sustainable Development Goals (SDGs) for the nation. Effectiveness of Vietnam's policy portfolio for fostering low carbon development was informed via a systematic literature review and Multi Criteria Decision Analysis (MCDA). This was founded upon six developed criteria, informed from the literature review. The results were presented and analyzed via chronological and hierarchical policy taxonomies. Findings indicate that to support a pathway towards low carbon development, policies need to include mechanisms that favor Renewable Energy technology and also foster the mobilization of private investment or international cooperation. The research also indicates a significant connection between clean energy sector progression and achievement of relevant SDGs. Such a correlation should heighten the priority of energy sector actions, such as policy mechanisms and outcomes, not only quantitative targets.

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  • Shem, Caitlin & Simsek, Yeliz & Hutfilter, Ursula Fuentes & Urmee, Tania, 2019. "Potentials and opportunities for low carbon energy transition in Vietnam: A policy analysis," Energy Policy, Elsevier, vol. 134(C).
    • Handle: RePEc:eee:enepol:v:134:y:2019:i:c:s0301421519303969
    DOI: 10.1016/j.enpol.2019.06.026
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    References listed on IDEAS

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    Cited by:

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    11. Vigani,Mauro & Dudu,Hasan, 2021. "Demand Analysis of Multiple Goods and Services in Vietnam," Policy Research Working Paper Series 9803, The World Bank.
    12. Umar Nawaz Kayani & Misbah Sadiq & Mustafa Raza Rabbani & Ahmet Faruk Aysan & Farrukh Nawaz Kayani, 2023. "Examining the Relationship between Economic Growth, Financial Development, and Carbon Emissions: A Review of the Literature and Scientometric Analysis," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 489-499, March.
    13. Ta-Thi Huong & Liang Dong & Izhar Hussain Shah & Hung-Suck Park, 2021. "Exploring the Sustainability of Resource Flow and Productivity Transition in Vietnam from 1978 to 2017: MFA and DEA-Based Malmquist Productivity Index Approach," Sustainability, MDPI, vol. 13(21), pages 1-26, October.
    14. Xiaoying Xu & Xinxin Tian, 2023. "Dynamic Evolution and Trend Prediction in Coupling Coordination between Energy Consumption and Green Development in China," Sustainability, MDPI, vol. 15(18), pages 1-21, September.
    15. Binh Do & Thai Tran & Ninh Nguyen, 2021. "Renewable Energy Integration in Vietnam’s Power System: Generation Adequacy Assessment and Strategic Implications," Energies, MDPI, vol. 14(12), pages 1-21, June.
    16. Herve Tevenim Mewenemesse & Qiang Yan & Prince Foli Acouetey, 2023. "Policy Analysis of Low-Carbon Energy Transition in Senegal Using a Multi-Criteria Decision Approach Based on Principal Component Analysis," Sustainability, MDPI, vol. 15(5), pages 1-23, February.
    17. Qi, Xiaoyan & Guo, Yanshan & Guo, Pibin & Yao, Xilong & Liu, Xiuli, 2022. "Do subsidies and R&D investment boost energy transition performance? Evidence from Chinese renewable energy firms," Energy Policy, Elsevier, vol. 164(C).
    18. Bakkensen, Laura & Schuler, Paul, 2020. "A preference for power: Willingness to pay for energy reliability versus fuel type in Vietnam," Energy Policy, Elsevier, vol. 144(C).
    19. Bai, Wuliyasu & Zhang, Long & Lu, Shengfang & Ren, Jingzheng & Zhou, Zhiqiao, 2023. "Sustainable energy transition in Southeast Asia: Energy status analysis, comprehensive evaluation and influential factor identification," Energy, Elsevier, vol. 284(C).
    20. Larissa Shnayder & Hans van Kranenburg & Sjors Witjes, 2021. "Transformational Ability of Energy Network Companies: The Role of Institutional Logics and Boundary Spanners," Sustainability, MDPI, vol. 13(24), pages 1-15, December.
    21. Do, Thang Nam & Burke, Paul J. & Baldwin, Kenneth G.H. & Nguyen, Chinh The, 2020. "Underlying drivers and barriers for solar photovoltaics diffusion: The case of Vietnam," Energy Policy, Elsevier, vol. 144(C).

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