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Green transformations in Vietnam's energy sector

Author

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  • Frauke Urban
  • Giuseppina Siciliano
  • Linda Wallbott
  • Markus Lederer
  • Anh Dang Nguyen

Abstract

Vietnam has experienced rapid economic growth over the past few decades, as well as growing environmental pressures. The country is therefore pursuing strategies for green transformations, which are the processes of restructuring to bring economies and societies within the planetary boundaries. This article addresses the opportunities, barriers, and trade‐offs for green transformations in Vietnam's energy sector and examines them from an energy justice perspective. The article draws on in‐depths expert interviews with representatives from government agencies, private firms, academic institutions, and multilateral institutions in Vietnam. The article finds that Vietnam is undergoing efforts to move away from business as usual by promoting renewable energy and energy efficiency, as well as aligning energy and climate plans with national development priorities such as energy security and economic growth. Yet there is a need for more coordinated, integrated approaches and policies that span across the 3 areas that address green transformations in Vietnam: green growth, sustainable development, and climate change. Finally, although key actors seem to be aware and may be critical of major trade‐offs such as land grabs for energy projects, the impacts on affected people need to be better understood and mitigated.

Suggested Citation

  • Frauke Urban & Giuseppina Siciliano & Linda Wallbott & Markus Lederer & Anh Dang Nguyen, 2018. "Green transformations in Vietnam's energy sector," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 5(3), pages 558-582, September.
    • Handle: RePEc:bla:asiaps:v:5:y:2018:i:3:p:558-582
    DOI: 10.1002/app5.251
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    References listed on IDEAS

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    4. Hasan, Mohammad Maruf & Du, Fang, 2023. "Nexus between green financial development, green technological innovation and environmental regulation in China," Renewable Energy, Elsevier, vol. 204(C), pages 218-228.
    5. Li, ChangZheng & Umair, Muhammad, 2023. "Does green finance development goals affects renewable energy in China," Renewable Energy, Elsevier, vol. 203(C), pages 898-905.
    6. Dorband, Ira Irina & Jakob, Michael & Steckel, Jan Christoph, 2020. "Unraveling the political economy of coal: Insights from Vietnam," Energy Policy, Elsevier, vol. 147(C).
    7. Sinha, Avik & Mishra, Shekhar & Sharif, Arshian & Yarovaya, Larisa, 2021. "Does Green Financing help to improve the Environmental & Social Responsibility? Designing SDG framework through Advanced Quantile modelling," MPRA Paper 108150, University Library of Munich, Germany, revised 2021.
    8. Luo, Shunjun & Zhang, Shaohui, 2022. "How R&D expenditure intermediate as a new determinants for low carbon energy transition in Belt and Road Initiative economies," Renewable Energy, Elsevier, vol. 197(C), pages 101-109.
    9. Henrique Oliveira & Víctor Moutinho, 2021. "Renewable Energy, Economic Growth and Economic Development Nexus: A Bibliometric Analysis," Energies, MDPI, vol. 14(15), pages 1-28, July.
    10. Xu, Jialong & Moslehpour, Massoud & Tran, Trung Kien & Dinh, Khai Cong & Ngo, Thanh Quang & Huy, Pham Quang, 2023. "The role of institutional quality, renewable energy development and trade openness in green finance: Empirical evidence from South Asian countries," Renewable Energy, Elsevier, vol. 207(C), pages 687-692.
    11. Do, Thang Nam & Burke, Paul J. & Baldwin, Kenneth G.H. & Nguyen, Chinh The, 2020. "Underlying drivers and barriers for solar photovoltaics diffusion: The case of Vietnam," Energy Policy, Elsevier, vol. 144(C).
    12. Bokka, Harsha Kumar & Lau, Hon Chung, 2023. "Decarbonising Vietnam's power and industry sectors by carbon capture and storage," Energy, Elsevier, vol. 262(PA).

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