Bac Lieu wind power plant assessed to contribute importantly to reducing impacts of climate change. (Photo: VNA) Hanoi (VNA) - The Ministry of Industry and Trade recently issued the sector’s action plan on climate change response and green growth to 2030, with a vision to 2050. Accordingly, the ministry considers climate change response an important and long-term task, and the achievement of the net zero emissions an opportunity to develop towards a low-carbon direction in accordance with national conditions and international trends. Measures to respond to climate change will be included in strategies for the development of the industry and trade sector. Illustrative image (Photo: VNA) This move aims to ensure the flexible adaptation to short-, medium- and long-term impacts of climate change, as well as the sector’s stable development and growth. These actions will also minimise losses caused by natural disasters, and consequences of extreme weather and … [Read more...] about MoIT acts in response to climate change
Renewable energy and energy efficiency
Thailand to reduce excise tax on electric vehicle batteries
Illustrative image (Photo: https://thaiembdc.org/) Bangkok (VNA) – A national committee on electronic vehicle (EV) policy of Thailand , also known as the EV board, on February 2 agreed in principle on a proposal to lower the excise tax on EV batteries from the current 8% to just 1% while offering a 24 billion THB (730 million USD) subsidy to the EV battery-producing industry. The subsidy will be on a first-come first-served basis, Thai Minister of Energy Supattanapong Punmeechaow said, adding that the subsidy should help reduce the prices of EV batteries and EVs overall, which will boost the country's EV-making industry. The amount of the subsidy on offer will depend on the size of the battery produced, Supattanapong said. A producer of an EV battery with less than 8-gigawatt hours (GWh) capacity will receive a subsidy of between 400 THB and 600 THB per kilowatt hour (kWh), while a factory making an EV battery of more than 8 GWh will receive between 600 THB and … [Read more...] about Thailand to reduce excise tax on electric vehicle batteries
Hanoi takes drastic action to handle solid waste
Being the heart of Vietnam, Hanoi has been promoting solid waste management while raising public awareness of environmental protection, helping the country reach the target of processing 96% of urban household waste in 2023. Hanoi has taken drastic measures to boost the management of solid waste, which has not met the requirements of environmental protection, according to Deputy Director of the municipal Department of Natural Resources and Environment (DONRE) Mai Trong Thai. Accordingly, the DONRE has issued a plan and taken action to strengthen the state management of solid waste in the capital city and raise the people’s awareness of the issue. Previously, solid waste management in Hanoi was handled by the Department of Construction and DONRE, resulting in overlapping functions. Therefore, the DONRE has assumed primary responsibility for solid waste management in the capital from January 1, 2023. He stressed that the DONRE undertook early in resolving the difficulties that … [Read more...] about Hanoi takes drastic action to handle solid waste
Vietnam eyes up to $394bn in export revenue in 2023
Vietnam set a target to earn US$393-394 billion in export revenue in 2023, up $22 billion or six percent over last year, said Phan Van Chinh, head of the Agency of Foreign Trade under the Ministry of Industry and Trade. At a conference on domestic production and consumption promotion and export market expansion held by the Ministry of Industry and Trade on Friday, Chinh said that the target is challenging as the local export sector has been facing many shortcomings, such as high but unsustainable growth and trade deficits with some large markets. To reach the target, the industry and trade sector should take measures to boost exports, and bilateral and multilateral cooperation activities to seek new markets and exploit the export potential of sectors in which Vietnam has advantages, Chinh added. In addition, it is essential to foster trade promotion in the domestic market and the distribution of goods via digital and e-commerce platforms to encourage consumption and develop … [Read more...] about Vietnam eyes up to $394bn in export revenue in 2023