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ECONOMIC Potential of Renewable Energy in Vietnam's Power Sector

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  • Nguyen, Thanh Nhan
  • Ha-Duong, Minh

Abstract

A bottom-up Integrated Resource Planning model is used to examine the economic potential of renewable energy in Vietnam’s power sector. In a baseline scenario without renewables, coal provides 44% of electricity generated from 2010 to 2030. The use of renewables could reduce that figure to 39%, as well as decrease the sector’s cumulative emission of CO2 by 8%, SO2 by 3%, and NOx by 4%. In addition,renewables could avoid installing 4.4GW in fossil fuel generating capacity, conserve domestic coal,decrease coal and gases imports, improving energy independence and security. Wind could become cost-competitive assuming high but plausible on fossil fuel prices, if the cost of the technology falls to 900 US$/kW.

Suggested Citation

  • Nguyen, Thanh Nhan & Ha-Duong, Minh, 2008. "ECONOMIC Potential of Renewable Energy in Vietnam's Power Sector," MPRA Paper 21173, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:21173
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    Cited by:

    1. Minh Ha-Duong & an Ha Truong & Hong Nam Nguyen & Hoang Anh Nguyen Trinh, 2016. "Synthesis Report on Socio-environmental Impacts of Coal and Coal-fired Power Plants in Vietnam," Working Papers hal-01441680, HAL.
    2. Bhutto, Abdul Waheed & Bazmi, Aqeel Ahmed & Zahedi, Gholamreza, 2012. "Greener energy: Issues and challenges for Pakistan-hydel power prospective," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(5), pages 2732-2746.
    3. Thanh Tu Tran & Shinichiro Fujimori & Toshihiko Masui, 2016. "Realizing the Intended Nationally Determined Contribution: The Role of Renewable Energies in Vietnam," Energies, MDPI, vol. 9(8), pages 1-17, July.
    4. Nhan Thanh Nguyen & Minh Ha-Duong & Sandra Greiner & Michael Mehling, 2011. "Implementing the Clean Development Mechanism in Vietnam: potential and limitations," Post-Print halshs-00654294, HAL.
    5. Akiko Urakami, 2023. "Are the Barriers to Private Solar/Wind Investment in Vietnam Mainly Those That Limit Network Capacity Expansion?," Sustainability, MDPI, vol. 15(13), pages 1-26, July.
    6. Chang, Youngho & Fang, Zheng & Li, Yanfei, 2016. "Renewable energy policies in promoting financing and investment among the East Asia Summit countries: Quantitative assessment and policy implications," Energy Policy, Elsevier, vol. 95(C), pages 427-436.
    7. Ghorbani, Afshin & Rahimpour, Hamid Reza & Ghasemi, Younes & Zoughi, Somayeh & Rahimpour, Mohammad Reza, 2014. "A Review of Carbon Capture and Sequestration in Iran: Microalgal Biofixation Potential in Iran," Renewable and Sustainable Energy Reviews, Elsevier, vol. 35(C), pages 73-100.
    8. Mazandarani, A. & Mahlia, T.M.I. & Chong, W.T. & Moghavvemi, M., 2011. "Fuel consumption and emission prediction by Iranian power plants until 2025," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(3), pages 1575-1592, April.
    9. Nhan T. Nguyen & Minh Ha-Duong, 2009. "The potential for mitigation of CO2 emissions in Vietnam's power sector," Working Papers 22, Development and Policies Research Center (DEPOCEN), Vietnam.
    10. Selvakkumaran, Sujeetha & Limmeechokchai, Bundit, 2013. "Energy security and co-benefits of energy efficiency improvement in three Asian countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 20(C), pages 491-503.
    11. Huber, Matthias & Roger, Albert & Hamacher, Thomas, 2015. "Optimizing long-term investments for a sustainable development of the ASEAN power system," Energy, Elsevier, vol. 88(C), pages 180-193.
    12. Nong, Duy & Wang, Can & Al-Amin, Abul Quasem, 2020. "A critical review of energy resources, policies and scientific studies towards a cleaner and more sustainable economy in Vietnam," Renewable and Sustainable Energy Reviews, Elsevier, vol. 134(C).
    13. Sophie Schramm & Nguyen Thi Thanh Mai, 2019. "Turning waste into resources and resources into waste: Centralised waste-to-energy nexuses and alternative modes of nexusing in Hanoi," Urban Studies, Urban Studies Journal Limited, vol. 56(11), pages 2315-2332, August.
    14. Dorel Dusmanescu & Jean Andrei & Gheorghe H. Popescu & Elvira Nica & Mirela Panait, 2016. "Heuristic Methodology for Estimating the Liquid Biofuel Potential of a Region," Energies, MDPI, vol. 9(9), pages 1-19, August.
    15. Bazmi, Aqeel Ahmed & Zahedi, Gholamreza, 2011. "Sustainable energy systems: Role of optimization modeling techniques in power generation and supply—A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(8), pages 3480-3500.
    16. Alam Hossain Mondal, Md. & Mathur, Jyotirmay & Denich, Manfred, 2011. "Impacts of CO2 emission constraints on technology selection and energy resources for power generation in Bangladesh," Energy Policy, Elsevier, vol. 39(4), pages 2043-2050, April.
    17. Shahbaz, Muhammad & Haouas, Ilham & Hoang, Thi Hong Van, 2019. "Economic growth and environmental degradation in Vietnam: Is the environmental Kuznets curve a complete picture?," Emerging Markets Review, Elsevier, vol. 38(C), pages 197-218.
    18. repec:jle:journl:163 is not listed on IDEAS

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    More about this item

    Keywords

    Integrated resource planning; Renewable energy; Electricity generation;
    All these keywords.

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

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