Vietnam: Restructure Towards a Green Economy

Vietnam urged to restructure towards a green economy

VietNamNet Bridge – In order to have a green economy, experts say, it is necessary to have good solutions for the economic governance, especially in carrying out economic reform, market coordination, applying reasonable frame energy prices, as well as appropriate fiscal policy.

24/05/2011 - Reducing CO2 emissions, increasing renewable energy sources, driving the national economy to economic boom, but resources and environmental sustainability are protected all are the wishes of every country. The government of Vietnam has been applying many policies to prioritize the development of clean energy, as well as encourage green economy. However, there are still a lot of things that need to be done.

At the workshop discussing the restructuring of the national economy by saving energy, organized by the World Bank several days ago; experts mentioned the application of clean energy in China which they believe could be a good experience for Vietnam to learn. In the period from 2005 to 2010, with using technologies to use clean energy, China could create 445 million kwh of new energy, of which 21.58 percent came from hydropower and 0.86 percent came from atomic power. China has shut down old small-capacity coal run power plants with the total capacity of 72.1 million kwh, while it has built many new plants with higher capacity and efficiency than old plants. {continued}