Berliner Boersenzeitung - Vietnam struggles to break one of world's biggest coal addictions

EUR -
AED 3.84909
AFN 70.983076
ALL 98.168084
AMD 408.033489
ANG 1.877746
AOA 956.772304
ARS 1045.934567
AUD 1.608014
AWG 1.888917
AZN 1.780997
BAM 1.956142
BBD 2.103608
BDT 124.501747
BGN 1.96788
BHD 0.392672
BIF 3077.56693
BMD 1.047943
BND 1.404259
BOB 7.239401
BRL 6.098928
BSD 1.041892
BTN 88.430422
BWP 14.233758
BYN 3.409661
BYR 20539.683689
BZD 2.100107
CAD 1.461529
CDF 3008.644792
CHF 0.933707
CLF 0.036935
CLP 1019.137039
CNY 7.592031
CNH 7.595984
COP 4600.207983
CRC 530.697762
CUC 1.047943
CUP 27.770491
CVE 110.899218
CZK 25.334232
DJF 185.535949
DKK 7.457456
DOP 62.791567
DZD 139.877767
EGP 51.749446
ERN 15.719146
ETB 127.546696
FJD 2.385066
FKP 0.827159
GBP 0.83215
GEL 2.871065
GGP 0.827159
GHS 16.552662
GIP 0.827159
GMD 74.404001
GNF 8980.654359
GTQ 8.08725
GYD 219.183481
HKD 8.154967
HNL 26.32885
HRK 7.475249
HTG 136.765194
HUF 411.595345
IDR 16624.306486
ILS 3.879155
IMP 0.827159
INR 88.307488
IQD 1364.864451
IRR 44092.203499
ISK 146.344923
JEP 0.827159
JMD 165.980576
JOD 0.743093
JPY 161.794551
KES 135.676997
KGS 90.649326
KHR 4194.772734
KMF 495.143365
KPW 943.148344
KRW 1467.769713
KWD 0.322609
KYD 0.868268
KZT 520.220796
LAK 22885.434193
LBP 93300.07746
LKR 303.238754
LRD 189.101446
LSL 18.801143
LTL 3.094303
LVL 0.63389
LYD 5.087986
MAD 10.539574
MDL 19.003682
MGA 4862.942225
MKD 61.540749
MMK 3403.678134
MNT 3560.910412
MOP 8.353519
MRU 41.455637
MUR 49.074871
MVR 16.201526
MWK 1806.650049
MXN 21.359806
MYR 4.668554
MZN 66.973635
NAD 18.801143
NGN 1769.410365
NIO 38.337062
NOK 11.559514
NPR 140.70592
NZD 1.790636
OMR 0.401068
PAB 1.047692
PEN 3.95069
PGK 4.194773
PHP 61.7584
PKR 289.326398
PLN 4.334357
PYG 8133.57593
QAR 3.820851
RON 4.978251
RSD 117.724856
RUB 108.694151
RWF 1422.262
SAR 3.934395
SBD 8.785488
SCR 14.270629
SDG 630.340687
SEK 11.508746
SGD 1.410154
SHP 0.827159
SLE 23.819809
SLL 21974.846653
SOS 595.409683
SRD 37.195668
STD 21690.30525
SVC 9.116766
SYP 2632.988191
SZL 18.794642
THB 36.22582
TJS 11.157609
TMT 3.667801
TND 3.328435
TOP 2.454385
TRY 36.218374
TTD 7.076236
TWD 34.002924
TZS 2777.049042
UAH 43.103352
UGX 3871.138521
USD 1.047943
UYU 44.554803
UZS 13366.334712
VES 48.817231
VND 26630.85264
VUV 124.413904
WST 2.925428
XAF 656.077858
XAG 0.034259
XAU 0.000393
XCD 2.832119
XDR 0.792554
XOF 656.077858
XPF 119.331742
YER 261.90718
ZAR 18.9268
ZMK 9432.745885
ZMW 28.781577
ZWL 337.437233
  • SCS

    0.2300

    13.27

    +1.73%

  • RYCEF

    -0.0100

    6.79

    -0.15%

  • GSK

    0.2600

    33.96

    +0.77%

  • RBGPF

    59.2400

    59.24

    +100%

  • RELX

    0.9900

    46.75

    +2.12%

  • RIO

    -0.2200

    62.35

    -0.35%

  • AZN

    1.3700

    65.63

    +2.09%

  • NGG

    1.0296

    63.11

    +1.63%

  • CMSD

    0.0150

    24.46

    +0.06%

  • CMSC

    0.0320

    24.672

    +0.13%

  • BCE

    0.0900

    26.77

    +0.34%

  • BCC

    3.4200

    143.78

    +2.38%

  • VOD

    0.1323

    8.73

    +1.52%

  • BP

    0.2000

    29.72

    +0.67%

  • BTI

    0.4000

    37.38

    +1.07%

  • JRI

    -0.0200

    13.21

    -0.15%

Vietnam struggles to break one of world's biggest coal addictions
Vietnam struggles to break one of world's biggest coal addictions / Photo: STR - AFP

Vietnam struggles to break one of world's biggest coal addictions

Despite Vietnam's solar boom and ambitious climate targets, the fast-growing economy is struggling to quit dirty energy -- leaving one of the world's biggest coal power programmes largely intact.

Text size:

During the COP26 climate summit last year, the government boldly promised to end the construction of new coal plants and phase out the dirtiest of those already running, even as energy demands soar in the manufacturing powerhouse.

"But this is not actually what Vietnam is doing at a national level," Nandini Das, an energy research and policy analyst at Climate Analytics, told AFP.

Vietnam pledged to reach net-zero carbon emissions by 2050, but with coal and gas still a major part of its energy mix one year later, that commitment is on shaky ground, she said.

The authoritarian communist state has also jailed four green activists this year, including anti-coal campaigner Nguy Thi Khanh, alarming environmentalists who argue it will be even harder for Vietnam to banish dirty energy without them.

"With the climate leaders in prison I think there's grave doubt about the country's ability to achieve its goals," said Michael Sutton, director of the Goldman Environmental Foundation.

He said "leaders like Khanh are instrumental in building public support" for radical change to Vietnam's economy.

- Solar boom -

After China and India, Vietnam has the world's third-largest pipeline of new coal power projects.

But at COP27 this week, G7 countries could announce billions of dollars in funding to help steer Vietnam away from fossil fuels and the country could attract billions more in clean energy investment as part of the Just Energy Transition Partnership.

The rise of solar energy in the Southeast Asian nation has also been meteoric.

The share of electricity generated by solar saw the biggest rise in the world in 2021, jumping to 10 percent from two percent a year earlier, according to independent energy think tank Ember.

Last year, the country ranked in the top 10 globally for solar energy capacity.

In the Mekong Delta, farmer Doan Van Tien -- whose community is poor, remote and has little access to the national grid -- is one of those who benefited.

For most of his life, he relied on a costly oil generator, until the arrival of 14 solar power batteries funded by Green ID, the non-profit environmental group founded by activist Khanh.

"It changed my life a lot," he told AFP, gesturing to his lucrative avocado and mandarin crops.

"In the past we wanted to grow these fruit trees but we could not (afford to power) the water pump," he said. Now he waters his plants for free.

Others jumped on solar thanks to generous feed-in tariffs, but its success has hit a roadblock: infrastructure limitations mean transmission lines cannot handle supply spikes, forcing a limit on how much power operators can feed into the grid.

- Changing mindsets -

In other strides down a greener path, the environment ministry's latest climate targets, issued in July, are "clear and much more ambitious than previous" goals, according to Thang Do, a research fellow at the Crawford School of Public Policy at the Australian National University.

The ministry's new strategy boosted the reduction target for greenhouse gases by 2030 from last year's goal of nine percent relative to business as usual, to 43.5 percent. Emissions are expected to peak in 2035 before falling to net-zero in 2050.

The problem, Das argued, is that the new policies have yet to be implemented.

"We'll give it six months to see," she said.

The arrests of climate campaigners have made Vietnam's energy intentions even more difficult to decipher.

Khanh worked closely with the government to find a way to reduce coal use, while Dang Dinh Bach, an NGO worker, made it his mission to inform residents about the health impacts of potential power plant projects.

He "offered advice to them so they understood their rights and could practice those rights", Bach's wife Tran Phuong Thao told AFP.

In 2017, Bach and his non-profit group Law & Policy of Sustainable Development helped push the government into a rare climbdown over a power plant in Binh Thuan province that it had permitted to sink a million cubic metres of coal sludge into the sea.

He was arrested in June 2021, and sentenced this year to five years in prison.

Although there is little time to waste for Vietnam, one of the countries most vulnerable to climate change due to its long and densely populated coastline, researcher Thang believes there is no choice but to be patient.

"The whole economy is now dependent on coal so that makes it very challenging to change," he said.

"It's not an easy decision to make to just close a coal power plant and tomorrow we'll open a solar and wind, it takes a lot of time and resources and also mindsets to be changed."

(F.Schuster--BBZ)