Energy and Environmental policy

MASSEI believes that economic development must aim to achieve sustainable development. Green energy or renewable energy is one of the goals of Vietnam to achieve green economy. Since business firms are key players in economic development and innovation activities, the private sector is the main stakeholder in the national and local economy with great potential for investment in the renewable energy. Business firms play a crucial role in the transition to a green economy, creating solutions that reduce emissions and natural resource use, which help mitigating climate change. The trend and scope of the global green economy movement are similar in size to the scale of an industrial revolution and parallel to the current 4th Industrial Revolution where energy efficiency is one of its components.

Vietnam is one of the most energy-efficient markets in Southeast Asia. At present, low-cost resources such as hydro and coal are the main sources of energy in Vietnam. Vietnam has achieved nearly 99% of electrification at relatively low costs compared to its neighbors, potentially becoming net exporter of energy. With energy demand expected to increase by more than 10 percent a year over the next five years and the demand for power capacity projected to double; the government is moving forward to develop renewable energy sources to ensure energy security and to address rising electricity demand.

In order to create favorable conditions for enterprises to invest in green businesses, there should be a legal framework from to support investment and subsidy for green technology start-ups and firms.

MASSEI’s research priorities to develop policy framework to promote green energy development and environmental protection among private sector:

– Research on policy measures to promote the transition to renewable energy at both national and local level.

– Research on supporting policies such as quota mechanism, fixed price mechanism, bidding mechanism and certification mechanism.

– Research and promote various organizations in the society, allow the locals to participate in energy development and social equity in energy use.

– Study and evaluate the impact of national energy growth on economic, environmental and social aspects, especially how people’s livelihood and health are affected by each form of energy.

Energy and Environmental policy