The Covid-19 crisis has caused a global economic slowdown, wiped value off stock markets and led to job layoffs. With mobility restrictions urgently imposed to limit the transmission of the coronavirus, events cancelled, consumers’ spending power affected and the public having to adopt new routines and behaviour amid the pandemic, the automotive and transportation industry is facing tough times. According to the International Energy Agency (IEA), global passenger vehicle sales were down by 15 per cent in the first quarter of 2020. On the supply side, industrial closure and supply chain disruption affected production lines. Post-pandemic, vehicle manufacturers are looking at a long recovery period.
Energy Secretary Alfonso Cusi has ordered faster implementation of the National Renewable Energy Program 2020-2040 to achieve its target of 20,000 megawatts of renewable energy in 20 years. “There is a need to fast track the NREP to help the country achieve the goals set forth in the Renewable Energy Act of 2008,” Cusi said in a statement on Tuesday. The program contains the policy framework under the Republic Act 9513, or the Renewable Energy Act of 2008. The official also said that it is already late to update the NREP 2011-2030 given developments in the past years. The department said based on its accomplishment report for 2020, NREP 2020-2040 presents a “paradigm shift” by renewable energy systems.
The coming decade could see Vietnam shelve nearly half of its currently planned coal power plant capacity as alternative sources of energy take up growing shares in its power mix, the government-affiliated research body tasked with drawing up the nation’s next power sector roadmap has said. Speaking at an internal consultation earlier this month, the Vietnam Energy Institute revealed the eighth Power Development Plan (PDP8), set to take effect early next year, would stipulate a rapid expansion of renewables and natural gas in the country, suggesting the government could cancel seven planned coal projects and postpone six others until after 2030 or 2035.
Solar is booming globally and as costs come down and the technology approaches grid-parity, historically based government incentive models and subsidies are changing –particularly for the distributed generation (DG) rooftop market. But new technologies and capabilities of other distributed energy resources (DERs), such as battery energy storage systems, electric vehicles (EVs), and other smart energy technologies, are stepping into position for a net-zero energy future – providing opportunity to advance beyond the power structures of the past…The industry agrees that with lowered costs and dwindling state incentives for solar PV, energy digitization is paving the way forward.
The world needs to shift from the current fossil-fuel-based energy system to carbon neutrality. Most obviously, this will require countries to roll out renewable energy and integrate it into the electricity grid, boost energy efficiency, upgrade infrastructure and refine the governance of electricity and energy markets. Less apparent, success will require that women are able to contribute to the transition on an equal footing with men. Energy transitions will differ depending on countries’ development priorities, the proportion of the population with access to power grids, the current energy mix and projected demand. Some transitions may involve simply retrofitting old, unsustainable assets in order to reduce carbon dioxide emissions, while others may be part of a multifaceted development strategy for societal transformation, including gender equality and inclusion.
Residents in many of the ASEAN's most polluted cities have been delighted to observe significant decreases in pollution levels as a result of COVID-19 lockdown measures that have disrupted the economy and thus many pollution-causing activities…Indeed, global data from late May shows an all-time high for levels of CO2 as countries start reopening their economies. However, with all the tragedy caused by the COVID-19 pandemic, perhaps there can be a silver lining in terms of how we navigate ASEAN's energy transition if we can embrace renewable energy and clean technologies. COVID-19 seems to be accelerating the adoption of several pre-pandemic trends like digitization and robotics. Perhaps decarbonization can be another.
Many private enterprises said they want to invest in building renewable energy infrastructure, but Vietnam still lacks mechanisms to encourage private enterprises to participate in this activity. Nguyen Tam Tien, General Director of the Trung Nam Group, the first and only enterprise so far allowed to invest in national grid transmission infrastructure, highly appreciated the Politburo’s Resolution No 55-NQ/TW on Vietnam’s strategic orientations for national energy development through 2030 because it encourages private enterprises to invest in building renewable energy infrastructure. In addition, Tien told the Voice of Vietnam (VoV) that according to the resolution, Vietnam would eliminate monopolies and barriers for the private sector joining the energy sector, including in the electricity transmission stage.
We have been harnessing the wind’s energy for thousands of years. But we’ve been using it to generate electricity for only the last few decades. Initially, wind power was considered a science experiment at best. But not anymore. Today, it’s the cheapest form of renewable energy. In fact, wind power is the cheapest form of energy, period. Wind is cheaper than nuclear power, coal and, now, even natural gas. Until 10 years ago, utilities were the only buyers of wind-generated electricity. Since then, a few things have happened to change the demand for wind. Many climate-conscious companies began to look for ways to reduce their carbon footprints. Replacing fossil fuel-generated power with renewable energy started to rise in popularity.