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Workshop talks energy transition in connection with social equity

The Central Institute for Economic Management and the German Friedrich Ebert Stiftung foundation co-organized a workshop on energy transition in connection with social equity in Hanoi on June 1.
Workshop talks energy transition in connection with social equity ảnh 1Windmills in Bac Lieu (Photo: VNA)

Hanoi (VNA) – The Central Institute forEconomic Management (CIEM) and the German Friedrich Ebert Stiftung (FES)foundation co-organized a workshop on energy transition in connection with socialequity in Hanoi on June 1.

The event is part of the FES’s comparative studyon energy transition and social equity targeting eight Asian countries,including Vietnam.

Deputy Director of the CIEM Nguyen Thi Tue Anhsaid apart from hydropower, renewable energy is little used in Vietnam.Meanwhile, the utilization of fossil fuels to develop industrial sectors andtransport is increasing rapidly.

Vietnam has built a number of programmes andpolicies to cope with climate change and develop the energy sector, she said,noting that energy transition could ensure social equity by increasing qualityof energy services for everyone, generating jobs, modernizing industry,improving economic efficiency and growth, enhancing environmental quality, andmitigating climate change.

Experts suggested Vietnam developing a newlong-term energy vision to enhance the capacity of accessing energy and improvethe efficiency of energy in addition to reducing greenhouse gas emissions and strivingtoward using 100 percent of renewable energy.

It is necessary to invest in energy storagecapacity and the electricity grid, experts said, also stressing the need toenhance technical and financial transparency of State groups in the field ofenergy to ensure fair competition, raise productivity and benefit consumersmore.

Besides joining policy dialogues on energydevelopment, Vietnam should devise fiscal policies and regulations to promote theuse of renewable energy and energy efficiency, especially in remote and ethnicminority areas and labour-intensive sectors, as well as among women and lowincome earners.-VNA
VNA

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