Hanoi (VNA) – The National Energy Development Strategy by 2030, with vision to 2045 aims to ensure national energy security, which serves as a foundation for growth. With such importance, the Politburo has approved a resolution which sets directions for the strategy. According to the Politburo, Vietnam is facing challenges in meeting national energy security targets and still has to import energy due to insufficient domestic supplies. Many power projects have been delayed and several projects invested by State-owned enterprises have incurred losses while the efficiency of energy exploitation remains low. Therefore, the strategy will prioritise rapid and sustainable energy development along with environmental protection and national security safeguarding. It also aims to diversify sources of energy and effectively use renewable, clean and new energy sources. Vietnam will prioritise wind and solar power and encourage investment in power plants using urban … [Read more...] about Strategy aims to ensure national energy security
Environmental business news
US, Việt Nam in tie up for satellite observation
Speaking at an event on using satellite technology at the American Center HCM City on Tuesday (Feb 18), US consul general Marie Damour said, “The satellite observations that the NASA and VNSC are jointly making under the Land-Cover and Land-Use Change Program provide researchers with important data that will improve our world. … [Read more...] about US, Việt Nam in tie up for satellite observation
Green financing: banks pull back
To date, 19 credit institutions have strategies on social environment risk management, of which 13 institutions integrate the social environmental risk management into green credit activities. Ten institutions have created green credit products and 17 institutions have built manuals for social environment risk assessment in 10 business fields. … [Read more...] about Green financing: banks pull back
EU funds project to promote sustainable forest management in Quang Tri
Quang Tri (VNA) – The central province of Quang Tri has approved a project funded by the EU to promote sustainable partnership between smallholder forest owners and enterprises in sustainable forest management in response to climate change. The project will receive 800,000 EUR in non-refundable aid from the EU via the Medical Committee Netherlands-Vietnam (MCNV) and be carried out by the Association of Quang Tri Smallholder Forest Certification Group over 36 months. It aims to enhance the engagement of the smallholder forest certification association and sub-associations in sustainably managing forests and monitoring reduction in emission greenhouse gases caused by deforestation, forest degradation as well as payment for forest environmental services. Another aim of the project is to strengthen the partnership between firms and forest business cooperatives and farmer groups in the supply chains of acacia and tung oil certified by the Forest Stewardship Council (FSC). Quang … [Read more...] about EU funds project to promote sustainable forest management in Quang Tri
