Power Sector Vision Towards 100% Renewable Electricity by 2050 In Greater Mekong Region - Vietnam Report Part A
Abstract
Although electricity from renewable resources, primarily
from hydro energy, has been increasing in Vietnam in
the last two decades, fossil fuel-based electricity still
dominates the power generation system in the country.
The share of power generation capacity from coal and
gas was nearly 54% in 2015 . This share is expected to further increase in the coming years
based on the official power development plan of Vietnam, despite Vietnamese fossil energy
resources being scarce, with its oil and gas reserves likely to be depleted in the few decades
to come . Hence, a necessary question is: could Vietnam be successful in achieving a low
carbon power system and pursue a low carbon economy in the next few decades? Or will
the country continue its dependence on fossil fuels?
The Intelligent Energy Systems Pty Ltd (“IES”) and Mekong Economics (“MKE”) were
commissioned by WWF – Greater Mekong Programme Office (“WWF-GMPO”) to
undertake a project called “Power Sector Vision: Alternatives for power generation in
the Greater Mekong Sub-region”. This was to develop scenarios for the power sector
of countries in the Greater Mekong Sub-region (GMS) that are in line with WWF’s Global
Energy Vision that outlines a 100% renewable energy supply by 2050. The objectives
of WWF’s energy vision are: (i) contribute to reduction of global greenhouse emissions
(reduction by >80% based on1990 levels by 2050); (ii) reduce dependency on unsustainable
hydro and nuclear power; (iii) enhance energy access; (iv) take advantage of new technologies
and solutions; (v) enhance power sector planning frameworks: multi-stakeholder participatory
process; and (vi) develop enhancements for energy policy frameworks.
The purpose of Power Sector Vision report is to provide detailed country-level descriptions
of three scenarios for the power sector of the Socialist Republic of Viet Nam (Viet Nam):
• Business as Usual (BAU) power generation development path which is based on
current power planning practices, current policy objectives.
• Sustainable Energy Sector (SES) scenario, where measures are taken to maximally
deploy renewable energy and energy efficiency measures to achieve a near-100%
renewable energy power sector; and
• Advanced Sustainable Energy Sector (ASES) scenario, which assumes a more rapid
advancement and deployment of new and renewable technologies as compared to the
SES.
The scenarios were based on public data, independent assessments of resource potentials,
information obtained from published reports and power system modelling of the GMS
region for the period 2015 to 2050.
Domains
Economics and FinanceOrigin | Files produced by the author(s) |
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