News - Levacorp

Highlights of Renewable Energy in Decree 58/2025/NĐ-CP

quantri — Wed, 05 Mar 2025 04:22:47 +0000

The government has just issued Decree 58/2025/NĐ-CP with many attractive incentives to promote the development of renewable energy in Vietnam. Here are some key points:

Incentive policies for the development of renewable energy:
- Priority is given to mobilizing renewable energy projects with energy storage systems during peak hours.
- Support for research and development of wind and solar power technologies.
Conditions for applying incentive policies:
- New energy projects must be produced from 100% green hydrogen or green ammonia.
- Projects must supply electricity to the national grid and be the first project of each type of new energy.
Specific incentive mechanisms:
- Exemption from sea area usage fees and land rental during the basic construction period (not exceeding 3 years).
- 50% reduction in sea area usage fees for 9 years after the exemption period.
- Long-term minimum contracted electricity output is 70% during the loan principal repayment period but not exceeding 12 years.

This decree takes effect from March 3, 2025, and promises to create a breakthrough in the development of renewable energy, contributing to environmental protection and sustainable economic development.

Bài viết Highlights of Renewable Energy in Decree 58/2025/NĐ-CP đã xuất hiện đầu tiên vào ngày Levacorp.

GREEN CERTIFICATION FOR BUILDINGS – LEED CERTIFICATION

quantri — Fri, 29 Mar 2024 07:06:43 +0000

LEED (Leadership in Energy & Environmental Design) certification is an American green building standard, issued by USGBC – US Green Building Council. This can be considered the most popular set of green standards in the world as well as in Vietnam today.

LEED certification is an activity for buildings to use water and energy efficiently, emit less CO2 and make good use of local resources to help reduce energy use during production and transportation, making an important contribution to sustainable development and environmental protection.

Basic benefits that LEED brings to projects:

Increase construction value
Reduce energy and water usage
Increase indoor air quality
Reduce maintenance and operating costs
Reduce construction waste
Promote the use of recycled materials
Promote and attract companies with sustainable goals
Increase employee performance

However, one of the barriers to investing in building construction according to LEED standards is the cost constraint. Depending on the certification level (CERTIFIED, SILVER, GOLD or PLATINUM), projects complying LEED standards will have a higher total investment cost. Choosing appropriate scoring criteria, balancing needs, costs, and long-term benefits for the project is an issue that needs to pay attention.

At LEVA, based on detailed analysis of customers’ needs and experience in industrial engineering, we focus on consulting solutions for customers to achieve GREEN certification for their projects while keeping cost control, harmoniously meeting economic benefits and long-term sustainable values.

Bài viết GREEN CERTIFICATION FOR BUILDINGS – LEED CERTIFICATION đã xuất hiện đầu tiên vào ngày Levacorp.

ESG (Environmental, Social, and Governance)

quantri — Fri, 08 Mar 2024 08:49:00 +0000

ESG is abbreviated by the first 3 letters of Environment, Social and Governance, a set of 3 standards to measure factors related to sustainable development orientation and activities of the business.

The phrase ESG dates back to the 1960s and 1970s, when protests and social movements in the United States and Europe exploded, especially in the areas of the environment and human rights. Events such as protests against the Vietnam War, environmental accidents such as the Exxon Valdez oil spill, and increased attention to labor rights and social interactions have creating a new wave of awareness about the role of businesses in society.

Since then, ESG has gradually become an important part of business and investment strategies, especially after the 2008 global financial crisis. Investors and businesses realize that integrating Environmental, social and good governance factors not only add value to businesses but also help reduce risks and contribute to the sustainable development of both society and the environment.

Recently, LEVA participated in a webinar organized by TUV on March 5, 2024, focusing on important standards such as:

Ensuring business continuity (ISO 22301),
Information and data protection (ISO 27001),
Environmental impact assessment of products and services (ISO 14040 and ISO 14044),
Energy management (ISO 50001) and
Climate measurement, reporting and validation (ISO 14064).

Practicing according to these standards not only ensures that business operations are carried out in a sustainable manner, but also actively contributes to building a global economy that complies with ESG principles.

Bài viết ESG (Environmental, Social, and Governance) đã xuất hiện đầu tiên vào ngày Levacorp.

NATIONAL ELECTRICAL DEVELOPMENT PLAN FOR 2021 – 2030, VISION TO 2050 OFFICIally approved

vina_admin — Fri, 07 Jul 2023 06:35:23 +0000

The Prime Minister has just signed Decision No. 500/QD-TTg dated May 15, 2023 approving the National Power Development Master Plan for the period of 2021 – 2030, with a vision to 2050 (Electricity Planning VIII).

Accordingly, the Electricity Master Plan VIII plans to develop electricity sources and transmission grids at voltages of 220 kV or higher, industry and services in renewable energy and new energy in the territory of Vietnam in the period of 2021. – 2030, with a vision to 2050, including works to link power grids with neighboring countries.

Power planning VIII sets out the goal of firmly ensuring national energy security, meeting the requirements of socio-economic development and industrialization and modernization of the country. Along with that, successfully implementing equitable energy transition associated with production modernization, smart grid construction, advanced power system management, in line with the trend of green transition, emission reduction, scientific and technological development of the world. At the same time, forming an overall energy industry ecosystem based on renewable energy, new energy.

In particular, about the goal of ensuring national energy security, supplying sufficient electricity demand in the country, meeting the goal of socio-economic development with an average GDP growth of about 7%/year in the period 2021-2030, about 6.5-7.5%/year in the period 2031-2050; Ensure safe and reliable power supply. By 2030, the reliability of electricity supply will be in the group of 4 leading countries in ASEAN, the electricity access index will be in the group of 3 leading countries in ASEAN; Striving to 2030, 50% of office buildings and 50% of residential houses will use self-produced and self-dissipating rooftop solar power (for on-site consumption, not selling electricity into the national electricity system).

For equitable energy transition, Power Master Plan VIII aims to strongly develop renewable energy sources for electricity production. Orientation to 2050, renewable energy rate up to 67.5-71.5%; Control greenhouse gas emissions from power generation to about 204-254 million tons by 2030 and to about 27-31 million tons by 2050. Towards peak emissions of no more than 170 million tons by 2030, provided that commitments under JETP are fully and substantively implemented by international partners; Building a smart grid system, capable of integrating and safely operating large-scale renewable energy sources.

Regarding the development of the industrial ecosystem and renewable energy services, it is expected that by 2030, two inter-regional renewable energy industrial and service centers will be formed, including electricity production, transmission and consumption; renewable energy equipment manufacturing industry, construction, installation, related services, building renewable energy industry ecosystem in areas with great potential such as the North, South Central, South Ministry when there are favorable conditions. In addition, developing renewable energy sources and producing new energy for export. Striving to 2030, the scale of electricity export capacity will reach about 5,000-10,000 MW.

To achieve the above objectives, the Electricity Master Plan VIII has also identified options for developing power sources, plans for developing electricity grids, linking the power grids with countries in the region, and orientations for rural electricity development. orientation of industrial and service ecological development on renewable energy, and capital needs. Accordingly, in the period of 2021-2030, it is estimated that the total investment in development of power sources and transmission grids is equivalent to 134.7 billion USD; Orientation for the period 2031-2050 is estimated that the investment capital for development of power source and transmission grid is equivalent to USD 399.2 – 523.1 billion, of which investment for power source is about 364.4-511.2 billion USD. USD, transmission grid about 34.8-38.6 billion USD, will be precise in the next planning.

According to the approved Decision, the Ministry of Industry and Trade is responsible for the accuracy of data, documents, diagrams, maps and databases in the planning dossier, ensuring consistency with the contents of the planning document. Decision; To organize the announcement of the planning according to regulations and implement the Decision in association with directing the implementation of socio-economic development tasks in accordance with the law, to develop a plan to implement the planning to implement the plan. implementation of set goals and tasks; To organize the assessment of the implementation of the planning in accordance with the provisions of the Law on Planning.

To assume the prime responsibility for, and coordinate with ministries, branches and localities in, completing the formulation and submitting to the Government the revised Electricity Law and the Law on Renewable Energy for submission to the National Assembly in 2024. Submit to the Government for promulgation policies on direct electricity purchase and sale. At the same time, assume the prime responsibility for, and coordinate with ministries, branches and People’s Committees of provinces and centrally run cities in continuing to work with investors, carefully reviewing the provisions of law, commitments , agreement between the parties to completely handle projects that are having difficulty in implementation, report to the Prime Minister on issues beyond its authority.

Power planning VIII was approved with a consistent view: Electricity is an important infrastructure sector, electricity development must be one step ahead, creating a foundation to promote rapid and sustainable development of the country and build an independent economy. self-reliance, improving the people’s living standards and ensuring national defense and security. The electricity development planning must have a long-term, effective, sustainable vision and put the interests of the nation and nation first and foremost.

To develop electricity on the principle of overall optimization of the factors of power source, power transmission, electricity distribution, economical and efficient use of electricity, with an appropriate roadmap in parallel with protection of natural resources and the environment. and transforming economic models, ensuring national energy security at the lowest cost.

Power development planning must be based on science, be inherited, dynamic and open but do not legitimize mistakes. Exploiting and effectively using domestic energy resources, combining with reasonable import and export, economical and efficient use of energy. Considering the development of renewable energy and new energy as an opportunity to develop the entire energy industry ecosystem.

The State concentrates on investing and encouraging all economic sectors to rapidly develop the electricity industry on the principle of healthy competition and implements the market mechanism on electricity selling prices, ensuring the harmony of interests of the participants. investors, use electricity and meet the development requirements of regions and regions.

Electricity development must closely follow the development trend of science and technology in the world, especially in terms of renewable energy and new energy, associated with the process of transforming the country’s economy towards a green economy. circular economy, low carbon economy. Energy transition must be in line with international trends and ensure sustainability, fairness and justice.

Source: moit.gov.vn

Bài viết NATIONAL ELECTRICAL DEVELOPMENT PLAN FOR 2021 – 2030, VISION TO 2050 OFFICIally approved đã xuất hiện đầu tiên vào ngày Levacorp.

PRIME MINISTER CALLS EU FOR CHEAP ‘Green Capital’ Support for VIETNAM

vina_admin — Fri, 07 Jul 2023 06:34:12 +0000

To contribute to sustainable economic development but at a reasonable cost, the Prime Minister called on the EU to support cheap green capital for Vietnam.

“We hope you will support advanced technology, green and cheap capital for Vietnam”, Prime Minister Pham Minh Chinh called on European organizations, businesses and investors at the “Forum and Exhibition on Economic Development”. Green 2022” (Green Economy Forum & Exhibition – GEFE) in the morning of November 28 in Ho Chi Minh City.

Green credit (or green capital) is a capital source lent by financial institutions for green production and investment activities, including environmentally friendly consumption, investment, production and business activities, harmless and contribute to environmental protection.

Sharing at an event organized by EuroCham, the Prime Minister reiterated the goal of becoming a middle-income country by 2030 and a developed country by 2045. However, “Vietnam does not sacrifice progress, social justice and the environment to pursue growth alone,” he affirmed.

During this process, the Prime Minister said that Vietnam expects Europe to support technology, human resource training and capital so that people can access products and services at reasonable prices.

“European enterprises investing in Vietnam and Vietnamese enterprises borrowing capital from the EU must have preferential interest rates. This contributes to reducing input costs, reducing prices for people, suitable for a developing country,” he said.

Prime Minister Pham Minh Chinh spoke at the event on the morning of November 28. Photo: Telecom

Some other strengths that Europe can support Vietnam such as advanced governance, strategic infrastructure, emerging economic sectors (green economy, circular economy …) or investment in R&D, …

Vietnam has committed to reducing methane emissions by 30% by 2030, becoming a carbon-neutral country by 2050. The Prime Minister said he will continue to improve the investment environment, reduce input costs, encourage the green economy, digital transformation, circular economy, and reduce administrative procedures for investors and businesses.

According to the recent “Country Report on Climate and Development for Vietnam” by the World Bank Group, the present value estimate of the need for additional investment in climate change adaptation and mitigation measures Climate change between now and 2040 amounts to about 6.8% of GDP per year, or about $368 billion.

Carolyn Turk, World Bank Country Director for Vietnam, said that the goal of becoming a middle-income country in the period of climate change is a “very special challenge” for Vietnam. , but without action, the costs are much greater. “Climate change-related losses could account for 15% of GDP without major investments,” she assessed.

Vietnam doesn’t contribute much in carbon emissions, but the past two decades have emerged as one of the fastest growing per capita greenhouse gas emissions in the world. Its harmful effects are increasing pollution, affecting health and labor productivity. The amount of CO2 per dollar of exports of Vietnam has far exceeded that of neighboring countries, reducing competitiveness.

According to Ms. Turk, public investment will play a pivotal role, but also need to improve policies to attract private capital flows. Along with that, more financial sector reforms are needed to shift abundant savings flows to green investments.

“Private saving in Vietnam is close to 20% of GDP, which is high. Banks need to play a more important role in channeling investments for this money. If only a quarter of the amount of support for green projects is needed, it accounts for 3.5% of GDP,” she said.

In addition, Vietnam can mobilize more finance for green projects through participating in the climate finance market, selling carbon credits to the international market. The World Bank believes that the infrastructure for this market is ready. They and Ho Chi Minh City are currently researching specific solutions to take advantage of this market.

Minister of Industry and Trade Nguyen Hong Dien assessed that the low-carbon, green and circular economy is a new space, opening up job opportunities and a new future. In particular, the EU has experience and is the leader in fighting climate change in the world.

Mr. Dien said that, in addition to promulgating incentive policies, the government is assigning this ministry the task of studying the legalization of the renewable energy sector to encourage investors to participate.

The latest report (6th) on Power Master Plan VIII sets a target that by 2030, the total capacity of power plants will be about 121,757-145,989 MW (excluding rooftop solar power, separate load power supply and copper). broadcast). In which, renewable energy other than hydropower (wind power, solar power, biomass power…) is 21,871-39,486 MW, accounting for 18-27% of total capacity. By 2050, the proportion of this group of power sources is expected to account for 54.9-58.9%.

According to Mr. Dien, to achieve the goal, it is necessary to invest 14.2 billion USD a year in the period to 2030, and 24.4 billion USD in the period 2031-2050. “For successful implementation, in addition to self-effort, international partners are needed to support technology, techniques and preferential capital to develop wind power infrastructure, power transmission, and energy saving infrastructure.” , he said.

Vietnam issued green bonds for the first time in 2019 through Decree 163 of the Government. This turning point creates capital mobilization channels for environmental protection instead of relying solely on funding from banks. In 2020, Vietnam received the first green loan to develop the largest solar power plant in Southeast Asia at that time. The plant is forecast to reduce emissions by about 100,000 tons per year.

Currently, global companies are focusing more and more on ESG (Environmental – Social – Governance, a set of standards to measure factors related to sustainable development and the impact of businesses on the community). As a result, they demand more and more sustainable, high-quality resources in the countries where they operate.

Thanks to that, Vietnam is recording the highest level of investment in renewable energy in the ASEAN region, according to HSBC. In order to attract more FDI and provide foreign companies with more sustainable energy sources, the bank said that Vietnam has shown a strong commitment to renewable energy.

Theo – Telecom/ Vnexpress

Bài viết PRIME MINISTER CALLS EU FOR CHEAP ‘Green Capital’ Support for VIETNAM đã xuất hiện đầu tiên vào ngày Levacorp.

COP 27: FRANCE AND VIETNAM COOPERATED TO PROMOTE THE LOW-CARBON TRANSITION

vina_admin — Fri, 07 Jul 2023 06:32:23 +0000

(TN&MT) – On November 8, on the sidelines of the COP 27 Conference in Sharm el-Sheikh (Egypt), Minister of Natural Resources and Environment Tran Hong Ha and Director General of the French Development Agency (AFD) Rémy Rioux signed a Memorandum of Understanding to strengthen bilateral cooperation on carbon emission reduction and energy transition in Vietnam. The signing ceremony took place under the witness of Ms. Chrysoula Zacharopoulou, French Secretary of State for Development.

Minister of Natural Resources and Environment Tran Hong Ha and Director General of the French Development Agency (AFD) Rémy Rioux signed the Memorandum of Understanding, witnessed by Ms. Chrysoula Zacharopoulou, French Secretary of State for Development

According to the MoU, over the next five years, MONRE and AFD will jointly develop a research program to contribute to public policy in priority areas of the Government of Vietnam.

The program includes 3 orientations. First, the two sides will apply the macroeconomic model built by the GEMMES Vietnam project and combine this model with an energy model to analyze the socio-economic consequences of the process. energy transition towards “zero” net emissions in Vietnam. The program also aims to improve knowledge and forecast about the impacts of climate change in Vietnam, especially on extreme climate events combined with pressures from human activities (at the level of climate change). local as well as regional) on the environment. Finally, increase knowledge about the social aspects of equitable energy transition.

AFD will also support MONRE in coordinating the implementation of emission reduction programs, aiming for a fair energy transition, contributing to the goal of net zero emissions by 2050. Support the integrated management of water resources and the development of an integrated basin management model, in the context of enhancing climate change resilience, resilience and resilience in Vietnam. Support priority activities in the areas of: Land resource management, sustainable management and development of marine and island spaces, plastic waste management (including the development and implementation of key mechanisms book). In addition to the above priority areas, the two Parties may consider expanding cooperation to other fields agreed by the two Parties and suitable to their respective functions and tasks.

Speaking at the signing ceremony, Minister Tran Hong Ha shared: The low-carbon, circular economy development model is the current mainstream trend globally. Vietnam joins efforts with the international community to achieve a common climate goal. International cooperation is one of our main directions of action to implement the national climate change policy and Vietnam’s commitments to being carbon neutral. This cooperation agreement signing event contributes to improving the quality of the France-Vietnam strategic partnership and affirms the effectiveness of the long-term cooperation between the Ministry of Natural Resources and Environment and AFD.

On behalf of the Government of Vietnam, Minister Tran Hong Ha thanked the Secretary of State for special attention to Vietnam, and Mr. Rémy Rioux for always promoting all cooperation activities in Vietnam. Currently, Vietnam is negotiating with the G7 Group of Developed Countries on the Mechanism of Strategic Energy Partnership (JETP). The partnership agreement will support the implementation of actions to achieve low carbon emissions and for an equitable energy transition, through research and technical exchange between the partners. grant.

General Director of the French Development Agency Rémy Rioux hands over to Minister Tran Hong Ha the final 2 reports of the AFD GEMMES Vietnam Research Project

State Secretary Zacharopoulou affirmed that the French Government fully supports all countries implementing climate actions and the greening transition. Through this cooperation agreement, the French side will share with Vietnam knowledge and experience and French models to help Vietnam navigate the transition process. The partnership with big goals demonstrates the shared commitment of both sides to combat climate change in Vietnam, as well as in Southeast Asia and globally.

These activities will be financed by a variety of other funds mobilized by AFD, such as the 2050 Fund and the WARM Fund (Water and Natural Resources Management Facility) funded by the European Union. aid.

Complementing the Memorandum of Understanding, AFD Director General Rémy Rioux also handed over to Minister Tran Hong Ha 2 final reports of the GEMMES Vietnam Research Project, including: “The impact of climate change at the national level and adaptation – final report” and “Mekong Delta Urgency Report – Climate and Environment Adaptation Strategy to 2050”.

The two reports were made by French and Vietnamese researchers, in collaboration with the Institute for Research for Development (IRD) and the Department of Climate Change (Ministry of Natural Resources and Environment). In it, solid scientific arguments on integrating climate change adaptation into development strategies were presented, contributing to the public policy dialogue with the Government of Vietnam. The report also points out that the Government has placed climate change adaptation at the heart of Vietnam’s strategy.

“By handing over and publishing these research reports, France and AFD once again affirm their desire to support the Government of Vietnam in promoting climate change adaptation policies. These reports not only provide useful and practical information for future policy planning and equitable transition, but are also concrete evidence of the quality of the partnership. France – Vietnam” – Mr. Rémy Rioux emphasized.

According to TN&MT

Bài viết COP 27: FRANCE AND VIETNAM COOPERATED TO PROMOTE THE LOW-CARBON TRANSITION đã xuất hiện đầu tiên vào ngày Levacorp.

LEVA AWARDS SCHOLARSHIP FOR SCHOLARSHIP OF ELECTRICAL AND ELECTRONIC SCIENCE, HCMC University of Technical Pedagogy

vina_admin — Fri, 07 Jul 2023 06:31:12 +0000

On the occasion of the 60th anniversary of the establishment of Ho Chi Minh City University of Technology and Education, the Faculty of Electrical and Electronic Engineering of the school held a traditional meeting for alumni of the faculty to connect and spread the educational values that The school has built and strengthened throughout the years.

LEVA Company is honored to be invited to the program. With gratitude to the school for having trained many generations of engineers to contribute valuable human resources to society and the business community, including LEVA, on this occasion, the company has joined hands to award these students. Study encouragement scholarships for students overcoming difficulties of the Faculty of Electrical and Electronics Engineering, Ho Chi Minh City University of Technology.

Wishing the schools, faculty, and teachers good health and firmly on the path of education and training of talents for the country.

Mr. Nguyen Duc Minh, Technical Director of LEVA company awarded scholarships to students at the program

Bài viết LEVA AWARDS SCHOLARSHIP FOR SCHOLARSHIP OF ELECTRICAL AND ELECTRONIC SCIENCE, HCMC University of Technical Pedagogy đã xuất hiện đầu tiên vào ngày Levacorp.

KOREA SHARE EXPERIENCE BUILDING CARBON MARKETS

vina_admin — Fri, 07 Jul 2023 06:29:16 +0000

On October 11, in Hanoi, the Climate Change Department (Ministry of Natural Resources and Environment) in collaboration with the Korea International Cooperation Agency (KOICA) in Vietnam held a workshop to share experiences on developing exchange systems. GHG emission quotas and carbon credits in Vietnam.

The workshop aimed to implement the Framework Agreement on Cooperation on Climate Change (CC) between the two Governments, and at the same time, towards the 30th anniversary of the establishment of diplomatic relations between Vietnam and Korea (December 22, 2019). 1992-22 December 2022). The workshop aimed to implement the Framework Agreement on Cooperation on Climate Change (CC) between the two Governments, and at the same time, towards the 30th anniversary of the establishment of diplomatic relations between Vietnam and Korea (December 22, 2019). 1992-22 December 2022).

Speaking at the workshop, Mr. Tang The Cuong, Director of the Department of Climate Change, said: Vietnam has always considered responding to climate change as a matter of vital importance and the responsibility of the whole political system. Vietnam has committed to net zero emissions by 2050. The implementation of commitments is reflected in the updated National Strategy on Climate Change for the period to 2050, Vietnam’s Nationally Determined Contribution (NDC) to the Secretariat of the United Nations Framework Convention on CC.

Mr. Tang The Cuong, Director of the Department of Climate Change spoke at the workshop. Source: monre.gov.vn

Vietnam is a country with great potential for the development of carbon pricing tools, especially in the development of the domestic carbon market. The Law on Environmental Protection 2020 regulates the organization and development of the carbon market, including the exchange of greenhouse gas emission quotas and carbon credits obtained from the exchange mechanism, offset domestic and international carbon credits. The roadmap for the development of the domestic carbon market is specified in the Government’s Decree No. 06/2022/ND-CP dated January 7, 2022 regulating mitigation of greenhouse gas emissions and protection of the cell layer. thunderstorm.

In recent years, Vietnam has also experienced in implementing a number of mechanisms for exchanging and clearing carbon credits such as: Clean Development Mechanism (CDM) under the framework of the Kyoto Protocol and a number of other mechanisms. bilateral and other voluntary mechanisms. However, according to Mr. Tang The Cuong, the number of officials from regulatory agencies and businesses with professional knowledge of the carbon market is still very modest. However, according to Mr. Tang The Cuong, the number of officials from regulatory agencies and businesses with professional knowledge of the carbon market is still very modest.

To be able to deploy the carbon market in Vietnam, it is necessary to promote training activities, capacity building and communication in the coming time. As one of the most influential countries in the world, Korea intends to contribute to accelerating the global green transition.

Mr. Cho Han-Deog, Director of KOICA Vietnam spoke at the workshop. Source: monre.gov.vn

The Governments of Korea and Vietnam have laid the foundation for cooperation on climate change through the Cooperation Framework Agreement on Climate Change. The Governments of Korea and Vietnam have laid the foundation for cooperation on climate change through the Cooperation Framework Agreement on Climate Change. It is expected that in the second half of this year, the two sides will hold a joint meeting to discuss more practical details related to the implementation of this agreement.

Mr. Cho Han-Deog, Director of KOICA Vietnam, said that in the field of climate and environment in Vietnam, KOICA is supporting about 49.3 million USD for 09 projects in cooperation with the Ministry of Natural Resources and Environment of Vietnam and other organizations other related functions. Currently, there are 04 new projects that are about to be implemented with a value of about 28.9 million USD. Implementing the Government’s strategy on strengthening international cooperation to achieve sustainable development goals, KOICA is also seeking and expanding ODA funding for green projects, reducing greenhouse gas emissions to achieve the goal. net emissions is zero.

Mr. Ahn Dong Ouk, Economic Counselor, Embassy of the Republic of Korea in Vietnam spoke at the workshop. Source: monre.gov.vn

At the workshop, representatives of agencies from the Korean and Vietnamese sides exchanged and shared experiences in developing and implementing policies to reduce greenhouse gas emissions, organizing and developing exchange systems. greenhouse gas emission quotas and carbon credits. The delegates also discussed the possibility of applying Korea’s experiences in Vietnam. This will be the premise for cooperation activities between the two sides in the coming time.

Delegates attended the conference. Source: monre.gov.vn

Conference scene. Source: monre.gov.vn

Carbon pricing is considered as one of the important tools contributing to the reduction of greenhouse gas emissions, including a carbon tax; carbon market; and the mechanism of exchange and offsetting of carbon credits. To date, 46 countries and 35 territories have applied carbon pricing, with the participation of tens of thousands of corporations and large enterprises.

In 2020 alone, valuing carbon brings about 50 billion USD in revenue and especially, about 13 billion tons of CO2 can be managed, equivalent to 23% of total global emissions. Carbon pricing contributes to the achievement of national NDC targets to reduce greenhouse gas emissions. Already, 148 countries have committed to net zero emissions by mid-century, and 120 have updated the NDC to increase their commitment to reducing greenhouse gas emissions.

Korea is a country with a lot of experience in carbon market organization and development as it is one of the few countries that has established and operated an exchange system for greenhouse gas emission quotas and credits early. carbon (K-ETS). Implementation of the K-ETS System has helped Korea control 73% of the total national greenhouse gas emissions and contribute to the achievement of the goal of reducing greenhouse gas emissions

According to monre.gov.vn

Bài viết KOREA SHARE EXPERIENCE BUILDING CARBON MARKETS đã xuất hiện đầu tiên vào ngày Levacorp.

INTERNATIONAL PARTNER COMMITTED TO SUPPORTING VIETNAM TO GET ZERO Emissions To ‘0’

vina_admin — Fri, 07 Jul 2023 06:26:59 +0000

Minister of Natural Resources and Environment Tran Hong Ha emphasized that in order to achieve the goal of bringing net emissions to “zero” by 2050, Vietnam urgently needs the support of the international community.

Information about the Dialogue Conference on cooperation to implement the goal of achieving “zero” net emissions and energy conversion, taking place on September 13, the Ministry of Natural Resources and Environment said the International partner committed to support Vietnam in realizing the goal of “Net-zezo” and energy transformation as committed at COP26.

According to Minister of Natural Resources and Environment Tran Hong Ha, currently, Vietnam is still facing difficulties in researching and deploying new technologies such as technology to ensure security and balance power sources when controlling electricity. renewable energy research, carbon capture technology, renewable energy source production technology.

Besides, finance is also an issue that needs attention to help attract investors and support businesses to overcome difficult times.

Therefore, in order to achieve the goal of bringing net emissions to “zero” by 2050, according to Minister Tran Hong Ha, Vietnam urgently needs the support of the international community.

Vietnam enters the ‘big playing field’ determined to bring net emissions to “0”

Mr. Ha also said that after COP26, in high-level meetings and in other forms, the United Nations and development partners during discussions with Vietnamese ministries and sectors expressed their willingness to willing to participate in cooperation and support Vietnam to achieve the goal of net zero emissions and energy transition.

In particular, partners such as the United Nations, the European Commission and development partners include the United Kingdom, Denmark, Italy, Japan, China, Korea, France, Germany, Australia, New Zealand, Finland, Netherlands, USA; WB, ADB, IFC, WWF, UNDP, NDC partner (NDCP)… are expected to be ready to support Vietnam in energy transition and renewable energy; building and perfecting institutions, policies, strategies, master plans and plans; carbon market development.

The partners also pledged to support Vietnam in inventorying and reducing greenhouse gas emissions; capacity building and technology transfer; financial support, experts; support activities to reduce emissions and adapt to climate change.

On the Vietnamese side, the head of the Ministry of Natural Resources and Environment said that after the COP26 conference, the Government, the Prime Minister, and the head of the national steering committee to implement Vietnam’s commitments at the COP26 conference have indicated directing ministries and branches to implement activities such as: Deploying and updating the Nationally Determined Contribution (NDC) in 2022; develop and publish a report on the potential of offshore wind and wave energy in Vietnam’s seas; focus on building the National Strategy on Climate Change 2050; activity program on green energy transformation…

At the conference, the representative of the European Union said that financial mechanisms and policies to mobilize capital play a very important role, thereby creating a premise for the development of future goals, especially the support technical and economic.

The representative of the World Bank in Vietnam also said that this is a journey with many difficulties, many new factors, many challenges and opportunities in the implementation of the goal of achieving “zero” net emissions. and energy conversion.

According to the report on climate change, Vietnam needs to have specific numbers to be able to mobilize resources from different parties at a reasonable cost.

Noting the information shared by Minister Tran Hong Ha, the Italian representative also said that besides financial issues, the development of science and technology and improving education will support the issue of energy conversion effectively. more fruitful.

On that basis, the majority of international partners attending the conference pledged to support Vietnam in achieving its goals of achieving net zero emissions and energy transition. Along with that, the partners emphasized that Vietnam needs to develop specific policies, improve training in science and technology, and strengthen communication activities to ensure publicity and transparency for the parties. related./.

According to Vietnam+

Bài viết INTERNATIONAL PARTNER COMMITTED TO SUPPORTING VIETNAM TO GET ZERO Emissions To ‘0’ đã xuất hiện đầu tiên vào ngày Levacorp.

Rooftop Solar Power – DOUBLE INVESTMENT BENEFITS

vina_admin — Fri, 07 Jul 2023 06:26:02 +0000

Using rooftop solar power (DMTAM) not only saves costs, protects the environment, but is also considered an effective and investment-worthy power saving solution for localities at the present time.

What are the benefits of installing a rooftop solar power system?

Along with the development of the industrial revolution 4.0, solar energy systems have been gradually gaining popularity in the past few years.

In particular, nature has endowed our country with a suitable geographical position to develop solar energy, stretching from North to South with four sunny seasons all year round, which are favorable opportunities for us to develop solar energy. develop this energy source.

The use of solar energy systems will contribute to saving electricity, increasing production and business efficiency, while protecting the environment and responding to climate change.

Besides, the installation does not take up land; Helps enhance effective heat resistance for works; Having a small scale, distributed installation should be connected to the existing low- and medium-voltage power grids, without the need to invest in additional transmission grid systems.

Currently, solar energy systems are installed on roofs in cities and industrial zones, which has the effect of reducing the overload of the transmission grid from traditional power sources, which are often located far from the centers. populous.

In addition, rooftop solar power with a small scale, suitable to encourage many individuals and organizations to participate in business investment with small capital, achieve the goal of socialization; easily raise capital.

According to the Vietnam Energy Association, to produce 1 MW of solar power, it takes up to 1 ha of land to implement the project. Therefore, rooftop solar power is being widely deployed by many businesses and is receiving a positive response from the people.

According to the National Power Development Plan for the period 2011-2020 (with prospects to 2030), the total national power capacity needs to reach 60,000 MW by 2020, 96,000 MW by 2025 and 130,000 MW by 2030. . However, at present, the total power capacity of the whole system in our country has only reached 45,000 MW.

Therefore, in the planning, priority has been determined to develop electricity from solar energy, which will increase the installed capacity from 6-7 MW in 2017 to 850 MW in 2020 and about 12,000 MW in 2030, equivalent to with 1.6 and 3.3% of the total capacity of both power sources.

Therefore, in order to take advantage of the large roof area in residential areas and businesses, which already have adequate grid infrastructure, convenient to connect to the grid, rooftop solar power is considered as The most effective solution available today.

In addition, the development of rooftop solar PV brings benefits to the State and electricity users. That is to have more clean energy sources with relatively high output (if investment is encouraged), minimize the budget capital invested in power generation projects and power transmission grids.

It is estimated that only about two million roofs in Vietnam need to install rooftop solar PV with a capacity of 10 kW/roof, which will reduce the equivalent of about 16 million tons of coal/year used for coal-fired power.

Allowed to sell electricity to EVN

Notably, the installation of rooftop solar PV reduces maximum electricity costs for the family, the highlight of this power system is that when there is excess electricity that is not in use, customers can sell it back to the Electricity industry, with an average price of 2,068 VND/kWp (According to Decision 11/2017/QD-TTg of the Prime Minister).

Using solar power not only saves costs, protects the environment, but is also considered an energy-saving solution that is worth an effective investment in the present time.

Many preferential policies, supporting DMTAM

Currently, solar power projects are being implemented strongly in Vietnam after the Prime Minister issued Decision No. 11/2017/QD-TTg on the mechanism to encourage the development of solar power projects.

As of April 2019, 1,379 customers in Ho Chi Minh City have installed solar power on the roof. On May 9, 2019, people investing in solar power in Ho Chi Minh City were paid for the first time after a period of generating electricity on the grid.

On April 11, 2017, the Prime Minister issued Decision No. 11/2017/QD-TTg on the mechanism to encourage the development of solar projects in Vietnam, including the selling price of electricity from solar power plants. , including from Solar and Solar Farms is 9.35 US cents/kWh (2086 VND/kWh at 2017 exchange rate).

After that, there was Circular 16/2017 /TT-BCT dated September 12, 2017 of the Ministry of Industry and Trade regulating project development and the Model Power Purchase Agreement applied to Solar PV projects that had promotional contents. encourage and guide the electricity buyers (electricity units belonging to EVN) and the electricity sellers to make electricity purchase and sale contracts on the basis of the Model Contract promulgated by the Ministry of Industry and Trade.

To further encourage the development of Solar Power, on January 8, 2019, the Prime Minister again issued Decision No. 02/2019/QD-TTg on amending a number of articles of Decision No. 11/2017/QD-TTg. on 11/4/2017, in which instead of households investing in DMTAM only selling the remainder of electricity from DMTAM sources as prescribed before (through the clearing mechanism), they will be able to sell the entire amount of electricity produced from DMTAM at a price incentives, still buy electricity from EVN separately at the current price (average 1720 VND/kWh) via 2-way galvanometer.

Electricity of Vietnam (EVN) said that although it has to buy electricity from solar power sources at a price higher than the current average electricity price, it comes from the common interests of society and the interests of the people. enterprises, EVN has been carrying out many activities to support and encourage solar power.

Specifically, EVN has issued documents No. 1337/EVN-KD dated March 21, 2018 and document No. 5113/EVN-KD dated October 9, 2018 to power corporations and Electricity Telecommunications Company. and Information Technology on temporary guidance for rooftop solar projects, including initial guidelines to facilitate business and private investment in solar PV development.

In order to encourage the development of Solar Power, in early May 2019, HDBank said that it will provide special funding for rooftop solar power projects. Specifically: Enterprises investing in rooftop solar power projects will enjoy preferential loans at HDBank with the rate of 70%, the loan term is 5 years.

The main collateral is a rooftop solar power system with a funding level of up to VND 10 billion. This offer is open to all corporate customers across the country. Simultaneously, HDBank also supports affiliate partners specializing in system installation, construction, maintenance and warranty.

According to Finance Magazine

Bài viết Rooftop Solar Power – DOUBLE INVESTMENT BENEFITS đã xuất hiện đầu tiên vào ngày Levacorp.