UK supports Vietnam's green growth

 
Prime Minister Pham Minh Main received Mr. Alok Sharma - British Government minister, president of COP26 - afternoon 28-5 - Photo: VGP
 

The 26th United Nations Climate Change Summit (COP26) will be held next November in Glaslow, Scotland. Prime Minister Pham Minh Chinh was one of the world leaders invited to attend.

 

“The transition and development of renewable energy not only helps Vietnam ensure energy security, but also diversification of foreign investment – factors that help Vietnam's economy grow stronger and more sustainable”

Minister Alok Sharma (president of COP26)

* Why is COP26 important, sir?

- This will be the last chance and hope to stifle Earth's warming as we committed in Paris in 2015 - maintaining a global increase of 1.5 - 2 degrees Celsius compared to the pre-industrial period. In fact, since the day the Paris Agreement was signed, climate-related crises have continued to occur, putting the lives of millions of people at risk.

In the face of those challenges, the UK - as host country of COP26 - will connect governments, business and social communities to promote efforts in five key areas including adaptability and adaptability, nature, energy, transport and finance.

* During a visit to China in April this year, U.S. special envoy on climate change John Kerry criticized China harshly for its financial support for overseas coal power projects. What do you think of this view?

- I must say I'm glad that the new U.S. Government has finally chosen to return to the front lines in the fight against climate change. Mr. John Kerry and I share many similar views in finding solutions to this problem. Recently, G7 developed industrial countries have met and affirmed their commitment to stop providing financial support to coal power development from this year.

Particularly for China, President Xi Jinping has set a goal of bringing the country to carbon neutrality before 2060, as well as reducing coal consumption by 2030.

What we want to see, however, is that China will actually do what it does to fulfill those commitments rather than just verbally. China remains the country with the largest greenhouse gas emissions in the world. Therefore, how this country acts is of life to all of us.

Besides, other countries also need to look directly at the dire prospect that will inevitably occur if it fails to meet its greenhouse gas reduction targets.

* Vietnam's Power Master Plan VIII has been postponed until as early as June 2021. In your opinion, what are the issues that Vietnam should keep in mind during this review process?

 

- Many studies have shown that Vietnam is one of the countries most affected by climate change. 40% of the Mekong Delta area will be submerged if the global temperature increase is more than 2 degrees Celsius, put the lives of about 17 million households in danger.

Vietnam's rapidly growing economy will also suffer heavy losses without urgent action to cut current emissions by 70%.

During this visit to Vietnam, I met with Prime Minister Pham Minh Chinh and Minister of Industry and Trade Nguyen Hong Dien on Vietnam's Power Plan VIII, focusing on sustainable energy transition.

The review of Power Plan VIII is an opportunity to improve the market structure and call on private enterprises to invest in this sector. In the face of investment decisions, despite their interest in pouring capital into the renewable energy market, businesses always want to know about the policies and incentives they will receive and ensure long-term power purchase contracts.

The Government of Vietnam needs to show them the opportunities to participate in the transition from coal to renewable energy, as well as the general global trend as large countries are moving towards a low-carbon economy by 2030.

It is also worth noting that although the Master Plan VIII sets a vision to 2045 stating that renewable energy will account for the largest proportion, the proportion of coal power will decrease, but the output continues to increase. This is a point that needs to be considered.

* The UK intends to implement the world's largest offshore wind power project in Binh Thuan, Vietnam. How would you evaluate the potential of this project?

 

- Despite being affected by climate change, Vietnam can be a leader in energy transformation thanks to its abundant wind and solar power potential. However, there is still much work to be done to slowly eliminate the dependence on coal power.

Looking at the UK as an example, we will see in 2012 there was 40% of our electricity coming from coal power plants. Today that rate has dropped significantly to less than 2%. This change is due to our development of offshore wind power.

With the experience available, he is willing to support Vietnam in the process of building this system in both terms of making climate policies and increasing investment in green infrastructure.

It should be emphasized that the business community is an important link on the climate change agenda, as an investor in energy projects as well as energy consumers.

Vietnam pursues green growth goals

According to the Government Portal, during a meeting with British Minister Alok Sharma on May 28, Prime Minister Pham Minh Chinh affirmed that the country is heavily affected by climate change, despite many resource difficulties, Vietnam has always identified green growth as a target. , the central task in the sustainable development strategy, is gradually transforming stable, harmonious, reasonable and effective; including interest in employment and the lives of workers during the transition.

The Prime Minister urged the UK Government to continue to support Vietnam in terms of finance, technology, experience in transitioning to a low-carbon economy and improving its adaptability to climate change, especially in areas increasingly affected by climate change and sea level rise.

Translated from Tuoitre Online