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Overview of PDP8 and National Transition Roadmap

Author

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  • Minh Ha-Duong

    (CIRED - Centre International de Recherche sur l'Environnement et le Développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École des Ponts ParisTech - Université Paris-Saclay - CNRS - Centre National de la Recherche Scientifique)

Abstract

Vietnam's energy sector needs more than 4 billion USD invested annually. Since the Ministry of Industry and Trade started preparing the Power Development Plan 8 in 2019, fossil fuel prices are in crisis, domestic fossil fuel reserves are peaking, and climate policy ambitions have increased. The national climate change strategy to 2050 sets a goal of reducing greenhouse gas emissions from the energy sector by 32.7% in 2030. The Power Development Plan 8 has undergone many revisions from July 2020 to August 2022. To move forward, solutions such as energy efficiency, gas-to-power, auctions, offshore wind, electricity prices, and green finance are needed.

Suggested Citation

  • Minh Ha-Duong, 2022. "Overview of PDP8 and National Transition Roadmap," Post-Print hal-04495954, HAL.
  • Handle: RePEc:hal:journl:hal-04495954
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