Vietnam drastically reduces coal power, increasing the share of renewable energy to 30% by 2045

State President Nguyen Xuan Phuc affirmed that Vietnam is committed to taking drastic action in a comprehensive response to climate change, rapidly increasing the proportion of renewable energy to 30% of the total primary energy supply by 2045.

State President Nguyen Xuan Phuc attends the Opening Session of the Summit on Climate (Photo: VGP). At the invitation of US President Joe Biden, on the evening of April 23, State President Nguyen Xuan Phuc delivered an important speech on the topic “Economic benefits of Climate Action” at the Summit on Climate Post, held in the online form for two days April 22-23. State President Nguyen Xuan Phuc affirmed that as a country heavily affected by climate change, especially in the Mekong Delta, Vietnam commits to take drastic action to respond comprehensively to climate change. including 9% reduction in total greenhouse gas emissions by domestic resources and up to 27% reduction with bilateral and multilateral international support. According to the President, Vietnam will continue to drastically reduce coal power, rapidly increase the share of renewable energy to 30% of the total primary energy supply by 2045, and domesticize international commitments to reduce greenhouse gas emissions to organize and implement the program to plant 1 billion green trees by 2025. The President also shared views of many countries on the benefits of a transition to a green economy, zero emissions, especially on job creation, ensuring energy security, and improving. competitiveness and sustainability of the economy, but also emphasized that developing countries still face many challenges in their transition due to difficulties in capital and technology. The State President emphasized that the transition must be fair, inclusive and equal in terms of opportunities and benefits of the people, so that no one will be “left behind”; urges developed countries to continue to lead the way in reducing emissions and increasing financial, technology, and green energy support, and building efficient, high-quality infrastructure associated with creating more jobs. developing countries, including Vietnam. The State President believes that the implementation of the logistics objectives is appropriate to the conditions of each country and integrated into the national development strategies and plans. During the two days of the conference, senior leaders of 41 countries and the Secretary-General of the United Nations made a speech, emphasizing that climate change continues to be the biggest challenge for humanity and showing determination. accelerate efforts to respond to climate change. Some major economies such as the US, China, Japan … have made a strong commitment to reducing emissions by 2030, declaring zero emissions by 2050 or before 2060. Many countries call on the international community to promote green growth, invest more in renewable energy projects. The United States and a number of countries are committed to increasing their financial contributions to the climate. For their part, many developing countries reaffirm the historical responsibility of developed countries, the principle of common but different responsibility, calling on developed countries to fulfill the obligation to make financial contributions and support. to assist developing countries in building capacity to adapt and mitigate to climate change.