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

EUR -
AED 4.100593
AFN 77.415121
ALL 99.401365
AMD 432.532608
ANG 2.013835
AOA 1036.608223
ARS 1074.850088
AUD 1.637751
AWG 2.009578
AZN 1.914553
BAM 1.956452
BBD 2.256112
BDT 133.534528
BGN 1.965976
BHD 0.420727
BIF 3238.922016
BMD 1.116432
BND 1.442855
BOB 7.721436
BRL 6.05754
BSD 1.117453
BTN 93.463755
BWP 14.702639
BYN 3.656854
BYR 21882.072714
BZD 2.252301
CAD 1.514161
CDF 3205.277492
CHF 0.944965
CLF 0.037663
CLP 1039.241885
CNY 7.876433
CNH 7.87576
COP 4650.21956
CRC 578.846357
CUC 1.116432
CUP 29.585455
CVE 110.298816
CZK 25.095144
DJF 198.982787
DKK 7.459215
DOP 67.07696
DZD 147.738594
EGP 54.183251
ERN 16.746484
ETB 128.59903
FJD 2.455368
FKP 0.850229
GBP 0.839942
GEL 3.047851
GGP 0.850229
GHS 17.599632
GIP 0.850229
GMD 76.471646
GNF 9655.133082
GTQ 8.637648
GYD 233.733753
HKD 8.697404
HNL 27.718995
HRK 7.590635
HTG 147.256466
HUF 394.390564
IDR 16847.577163
ILS 4.213968
IMP 0.850229
INR 93.351322
IQD 1463.774994
IRR 46993.458659
ISK 152.291985
JEP 0.850229
JMD 175.556968
JOD 0.791213
JPY 158.635534
KES 144.142696
KGS 94.087347
KHR 4535.390482
KMF 492.737717
KPW 1004.78842
KRW 1485.278958
KWD 0.340423
KYD 0.931202
KZT 535.183667
LAK 24674.006694
LBP 100063.3742
LKR 340.140375
LRD 223.480517
LSL 19.469018
LTL 3.296534
LVL 0.675319
LYD 5.32268
MAD 10.836419
MDL 19.499328
MGA 5034.588624
MKD 61.635001
MMK 3626.1285
MNT 3793.636842
MOP 8.970411
MRU 44.23275
MUR 51.210562
MVR 17.148494
MWK 1937.602717
MXN 21.565285
MYR 4.675062
MZN 71.284504
NAD 19.469018
NGN 1805.851919
NIO 41.123344
NOK 11.71286
NPR 149.533808
NZD 1.788076
OMR 0.42978
PAB 1.117453
PEN 4.195005
PGK 4.43644
PHP 62.007205
PKR 310.777563
PLN 4.276075
PYG 8722.752395
QAR 4.073749
RON 4.97404
RSD 117.056828
RUB 102.904402
RWF 1504.874851
SAR 4.18934
SBD 9.274133
SCR 15.206594
SDG 671.536448
SEK 11.338824
SGD 1.44022
SHP 0.850229
SLE 25.507466
SLL 23411.020982
SOS 638.607227
SRD 33.328879
STD 23107.894155
SVC 9.777173
SYP 2805.069528
SZL 19.454139
THB 36.967864
TJS 11.878054
TMT 3.907513
TND 3.384438
TOP 2.623388
TRY 38.061582
TTD 7.595465
TWD 35.626914
TZS 3044.960797
UAH 46.305211
UGX 4149.309281
USD 1.116432
UYU 45.904073
UZS 14235.619446
VEF 4044334.590166
VES 41.034973
VND 27425.15899
VUV 132.545083
WST 3.123178
XAF 656.164047
XAG 0.035914
XAU 0.000431
XCD 3.017214
XDR 0.828161
XOF 656.164047
XPF 119.331742
YER 279.470913
ZAR 19.560006
ZMK 10049.230311
ZMW 29.080046
ZWL 359.490739
  • CMSC

    0.0650

    25.12

    +0.26%

  • RIO

    2.2700

    65.18

    +3.48%

  • BCC

    7.6300

    144.69

    +5.27%

  • BCE

    -0.4200

    35.19

    -1.19%

  • SCS

    -0.8000

    13.31

    -6.01%

  • JRI

    -0.0400

    13.4

    -0.3%

  • GSK

    -0.8100

    41.62

    -1.95%

  • CMSD

    0.0300

    25.01

    +0.12%

  • RBGPF

    60.5000

    60.5

    +100%

  • BTI

    -0.3100

    37.57

    -0.83%

  • RELX

    0.7600

    48.13

    +1.58%

  • RYCEF

    -0.0200

    6.93

    -0.29%

  • NGG

    -1.2200

    68.83

    -1.77%

  • VOD

    -0.1700

    10.06

    -1.69%

  • AZN

    0.3200

    78.9

    +0.41%

  • BP

    0.3300

    32.76

    +1.01%

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)