Green finance for renewable energy

Published onSeptember 25, 2019

Renewable energy has great potential to meet growing demand if it has appropriate policies and financial support. The statement was made by Simon James, Climate Change and Energy Adviser at World Wildlife Fund (WWF) in Việt Nam, at a conference held in Hà Nội on Wednesday. The workshop aimed at updating the situation of renewable energy development, opportunities and difficulties when investing in renewable energy and green financial initiatives. According to the WWF’s energy outlook, a transition to 100 per cent renewable energy by 2050 is possible…It is forecast that from now until 2030, Việt Nam’s economy will continue to grow at a high level, from 6.5 per cent to 7.5 per cent per year. The Government of Việt Nam has a number of policies to encourage and promote the development of renewable energy, gradually reducing the dependence on traditional forms of power generation, so as to protect the environment and for sustainable development.