Energy policymakers gave the green light to start buying solar power generated from private buildings and households once again after postponing the programme for more than four years. Private buildings and households that are accepted by the programme will sell surplus solar power to the state's utilities.
Vietnam plans to more than triple the amount of electricity it produces from renewable sources and push for a 26 percent increase in household solar energy usage by 2030, Prime Minister Nguyen Xuan Phuc told Reuters in an interview. Vietnam has been seeking to promote renewable energy development to reduce its increasing reliance on coal for electricity generation.
Government and business leaders met for the fifth Singapore Dialogue on Sustainable World Resources, following the release of a UN report that found South East Asia is failing to achieve two thirds of the Sustainable Development Goals. Under discussion at the event was how ASEAN could achieve economic growth whilst ensuring development was sustainable and eco-friendly, with speakers from countries in the region proposing different methods of motivating green growth.
Across the globe, the paths of economic growth and development are on an unsustainable trajectory, risking the natural assets and environmental services upon which long-term economic growth and human well-being are dependent on. Addressing natural capital depletion, pollution, the loss of biodiversity, and climate change is urgent in developing nations.
Blockchain technology has the capability to securely record, verify and share important information and so could eliminate data manipulation. It is the innovative potential that has led many to say blockchain is the most ingenious invention since the internet itself. In terms of the power sector, it may prove to be the missing link that…will allow the wide-scale adoption of sustainable and renewable energy.
Vietnam is addicted to coal. Its economy has grown over 6%, on average, since the turn of the century, among the fastest of its Southeast Asian peers, yet that growth is fueled by coal, the most polluting fuel source on the planet. This April, however, the decarbonization movement was given a boost of international recognition.
More work is needed for ASEAN's power grid to be connected to enhance cross-border electricity trade, officials and experts from energy sectors agreed at the ASEAN Power Grid Summit. Leaders of the Association of Southeast Asian Nations (ASEAN) leaders importance to efficient, reliable and resilient electricity infrastructure to meet growing demand, and the potential advantages of an integrated system.
Look out, wind – solar is about to catch you. That’s the headline from Frost & Sullivan’s recent analysis Global Power Industry Outlook, which posits that solar will surpass wind in global energy capacity starting in 2020, making it the fourth largest source of energy generation behind coal, gas and hydro.