Viet Nam’s Energy Sector Vision: TOWARDS 100% RENEWABLE ENERGY BY 2050 Report | March 2023
Posted on 10 April 2023
The "Viet Nam’s Energy Sector Vision: Towards 100% Renewable energy by 2050" report was published in March 2023.
Vietnam has the fastest increase in greenhouse gas (GHG) emissions in the Greater Mekong Sub-region. According to the emission scenario, the GHG emissions of Viet Nam are forecasted to reach up to 1,495.4 million tons of CO2eq by 2050, in which the energy sector accounts for 81% of the total GHG emissions. In this context, Viet Nam has made great efforts to reduce GHG emissions which are highly praised by the international community such as the commitment to reaching net-zero carbon emissions by 2050 at the COP26 and the Updated National Determined Contributions (NDC 2022) at the COP27, in which the country’s 2030 unconditional and conditional GHG emissions reduction targets have been increased from 9% and 27% to 15.8% and 43.5% compared to BAU, respectively. To achieve this goal, it is critical for Viet Nam to accelerate the energy transition towards Renewable Energy (RE) in all sectors.The report “Energy Sector Vision: Towards 100% Renewable Energy for Viet Nam by 2050” was implemented under the “Multi-Actor Partnership (MAP) for Implementing Nationally Determined Contributions with 100% Renewable Energy (RE) for All in the Global South” project (100% RE MAP). The study has developed 03 scenarios for the Energy Sector of Viet Nam: BAU Scenario, 80% RE Scenario (80RE), and 100% RE Scenario (100RE) by 2050, based on the current power generation mix and energy plans and master plan of the Government, in order to build a feasible energy transition roadmap.
We hope this study will provide policymakers and stakeholders with useful and science-based information for promoting renewable energy development, contributing to delivering on emissions reduction commitments in the national NDC as well as achieving the Net Zero target. This report is a product of 100% RE MAP project prepared by WWF-Viet Nam and our partners. We sincerely thank the MAP members, individual experts and project partners who helped shape this report.
Dr. Van Ngoc Thinh
CEO, WWF-Viet Nam