By increasing the share of renewable energy and using power in the more sustainable way, Việt Nam can avoid building about 25 coal power plants to embrace the national energy security thus saving US$60 billion of expecting investment for the plants and $7 billion per year spending on imported coal.
In two years time, Việt Nam could stop building new coal plants, while maintaining a safe, affordable and secure energy system. This is a result of a draft report themed “Ensuring justice in the energy transition in Việt Nam” composed by the Việt Nam Sustainable Energy Alliance (VSEA). The report was published on Tuesday in cooperation with Green Innovation and Development Centre (GreenID) under the framework of the International Conference: Fostering Cooperation to Ensure a Just Energy Transition hosted by GreenID and Friedrich Ebert Stiftung Vietnam (FES Vietnam) and Union of Science and Technology Associations (VUSTA). Developing sustainable energy is a priority in many countries including Việt Nam. However, how to ensure employment for affected workers and peacefully switch from fossil fuel to renewable energy and avoid any social unrest has not attracted much attention.