Conference talks pathway to socially just energy transition in Asia
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Conference talks pathway to socially just energy transition in Asia

Economy, Vietnam, Vietnam Finance News
The transition to renewable energy development and efficient energy use is critically important to avoid an over dependence on fossil fuels (Photo: VNA)

Hanoi (VNA) – The Friedrich-Ebert-Stiftung
(FES) Vietnam Office held a conference in Hanoi on September 20, discussing a
socially just energy transition in Asia.

The event presented the findings of a
comparative study project that FES carried out in eight Asian nations, namely
India, the Republic of Korea, Indonesia, Japan, the Philippines, Thailand,
China and Vietnam.

Deputy chief representative of the FES Vietnam
Office Yvonne Blos said the governments of many Asian countries are in a
dilemma as they have to meet the rising demand for electricity consumption and
cut greenhouse gas emissions. With these issues, the countries’ energy
structure is set to change greatly in the next few years.

To avoid an over dependence on fossil fuels, the
transition to renewable energy development and efficient energy use is critically
important, she added.

At the conference, delegates from the eight
countries presented the main findings, mostly about their nations’ energy
transition.

The Philippines targets renewable energy making
up 50 percent of its total electricity output by 2030. It wants to increase
power generation from renewable energy from 5GW in 2010 to 15GW in 2030.

[Infographics: Renewable energy development yet to match potential]

Meanwhile, Vietnam plans to raise the rate of
renewable and new energy sources to about 5 percent of total energy in 2020 and
11 percent in 2050.

The study’s authors claimed that energy
transition can ensure social justice as it can enhance the quality of energy
services, create jobs, modernise industry, boost economic efficiency and
growth, improve environmental quality and reduce climate change. Therefore, a
road map is needed towards socially just energy transition.

Countries should develop new long-term energy
visions, improve State-owned enterprises’ transparency and competitiveness, and
issue fiscal policies boosting renewable energy and energy efficiency, they
wrote.

They also need to enhance renewable energy and
energy efficiency capacity while accessing rural communities, the study group
noted.-VNA

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