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According to an article recently published, Vietnam is leading the South-East Asia transition to clean energy and is a shining spot on an otherwise grim map.
The article stated that the percentage of solar electricity generated in Vietnam has increased from almost nothing to nearly 11% over the period of 4 years. This is a faster increase than any other country in the world and a larger share than countries like France or Japan.
It stated that Vietnam was the tenth-largest producer of solar energy in the world last year. Prime Minister Pham Minh Chinh pledged last November to end the construction of new coal-fired power stations and reduce Vietnam’s carbon emissions to zero by 2050.
According to the article, other South-East Asian nations can learn from Vietnam’s success in increasing their efficiency. Vietnam has quadrupled its solar and wind power capacity since 2019.
It attributed Vietnam’s “extraordinary achievement” to its political will and market incentives. In 2019, and 2020, Vietnam installed over 100,000 rooftop solar panels. This increased Vietnam’s solar output to be at 16GW.
The article stated that Vietnam’s reforms have made it easier to do business with foreign investors. However, it noted that Vietnam will need to put more effort if it wants to reach net-zero emissions by 2050.