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Vietnam pledges no new coal plants after 2030

Vietnam pledges no new coal plants after 2030

13 Sept 19:56 Key points summarised by AI
  • Vietnam commits to halting new coal power plant development after 2030, as outlined in its long-delayed Power Development Plan 8 (PDP8), aiming for net-zero carbon emissions by 2050.
  • The $135-billion plan projects coal's share in the energy mix to decrease from 50% to 20% by 2030, with a complete phase-out by 2050 through a shift to zero-emission fuels like biomass or ammonia.
  • Critics argue the transition is too slow, as the plan allows all already-approved and under-construction coal projects to proceed until 2030, which could significantly boost current coal capacity.
  • Vietnam targets significant growth in solar power, aiming for 50% of office and residential buildings to use self-produced solar by 2030, despite current infrastructure limitations hindering broader adoption.
  • Wealthy countries have pledged $15.5 billion through the Just Energy Transition Partnership to support Vietnam's accelerated transition away from coal.
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