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At the 26th United Nations Climate Change Conference, the draft Power Development Planning (PDP) VIII has shown the trend of working on renewable and clean energies.
Vietnam is focusing on cutting down its carbon emissions and has set targets for the same. The country will focus on wind and solar energy.
According to Ben Backwell, CEO of Global Wind Energy Council, the country must make it a hub for clean power in the Southeast Asia region as it is very beneficial. Vietnam will see a hefty amount of capital when organizations will switch from fossil fuel to renewable energy.
Ta Viet Dung, Director of the State Agency for Technology Innovation, said that both wind and solar energy has advantages but it also requires modern technologies to serve the value chain from generating technology and producing materials.
Hoang Tien Dung, Director of the Ministry of Industry and Trade’s Electricity and Renewable Energy Department stated that the country is slowly mastering the new technologies, is developing new human resources, and is investing in technical infrastructure for laying a strong foundation for energy development and application.
Vietnam still depends on imported technology for generating energy. Hence, it needs to build projects, manufacture spare parts to increase the rate of home-grown items. Energy storage is one good technology-related orientation when a huge amount of energy is produced.