IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/21173.html
   My bibliography  Save this paper

ECONOMIC Potential of Renewable Energy in Vietnam's Power Sector

Author

Listed:
  • Nguyen, Thanh Nhan
  • Ha-Duong, Minh

Abstract

A bottom-up Integrated Resource Planning model is used to examine the economic potential of renewable energy in Vietnam’s power sector. In a baseline scenario without renewables, coal provides 44% of electricity generated from 2010 to 2030. The use of renewables could reduce that figure to 39%, as well as decrease the sector’s cumulative emission of CO2 by 8%, SO2 by 3%, and NOx by 4%. In addition,renewables could avoid installing 4.4GW in fossil fuel generating capacity, conserve domestic coal,decrease coal and gases imports, improving energy independence and security. Wind could become cost-competitive assuming high but plausible on fossil fuel prices, if the cost of the technology falls to 900 US$/kW.

Suggested Citation

  • Nguyen, Thanh Nhan & Ha-Duong, Minh, 2008. "ECONOMIC Potential of Renewable Energy in Vietnam's Power Sector," MPRA Paper 21173, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:21173
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/21173/1/MPRA_paper_21173.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Nguyen, Khanh Q., 2007. "Impacts of wind power generation and CO2 emission constraints on the future choice of fuels and technologies in the power sector of Vietnam," Energy Policy, Elsevier, vol. 35(4), pages 2305-2312, April.
    2. Tanatvanit, Somporn & Limmeechokchai, Bundit & Shrestha, Ram M., 2004. "CO2 mitigation and power generation implications of clean supply-side and demand-side technologies in Thailand," Energy Policy, Elsevier, vol. 32(1), pages 83-90, January.
    3. Chitru S. Fernando & Paul R. Kleindorfer & Mohan Munasinghe, 1994. "Integrated Resource Planning with Environmental Costs in Developing Countries," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 93-122.
    4. Shrestha, Ram M. & Marpaung, Charles O. P., 1999. "Supply- and demand-side effects of carbon tax in the Indonesian power sector: an integrated resource planning analysis," Energy Policy, Elsevier, vol. 27(4), pages 185-194, April.
    5. Shrestha, Ram M. & O.P. Marpaung, Charles, 2002. "Supply- and demand-side effects of power sector planning with CO2 mitigation constraints in a developing country," Energy, Elsevier, vol. 27(3), pages 271-286.
    6. Nguyen, Khanh Q., 2007. "Wind energy in Vietnam: Resource assessment, development status and future implications," Energy Policy, Elsevier, vol. 35(2), pages 1405-1413, February.
    7. Shrestha, Ram M & Shrestha, Rabin & Bhattacharya, S C, 1998. "Environmental and electricity planning implications of carbon tax and technological constraints in a developing country," Energy Policy, Elsevier, vol. 26(7), pages 527-533, June.
    8. Voivontas, D. & Assimacopoulos, D. & Mourelatos, A. & Corominas, J., 1998. "Evaluation of Renewable Energy potential using a GIS decision support system," Renewable Energy, Elsevier, vol. 13(3), pages 333-344.
    9. Hobbs, Benjamin F., 1995. "Optimization methods for electric utility resource planning," European Journal of Operational Research, Elsevier, vol. 83(1), pages 1-20, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Thanh Tu Tran & Shinichiro Fujimori & Toshihiko Masui, 2016. "Realizing the Intended Nationally Determined Contribution: The Role of Renewable Energies in Vietnam," Energies, MDPI, vol. 9(8), pages 1-17, July.
    2. Akiko Urakami, 2023. "Are the Barriers to Private Solar/Wind Investment in Vietnam Mainly Those That Limit Network Capacity Expansion?," Sustainability, MDPI, vol. 15(13), pages 1-26, July.
    3. Ghorbani, Afshin & Rahimpour, Hamid Reza & Ghasemi, Younes & Zoughi, Somayeh & Rahimpour, Mohammad Reza, 2014. "A Review of Carbon Capture and Sequestration in Iran: Microalgal Biofixation Potential in Iran," Renewable and Sustainable Energy Reviews, Elsevier, vol. 35(C), pages 73-100.
    4. Selvakkumaran, Sujeetha & Limmeechokchai, Bundit, 2013. "Energy security and co-benefits of energy efficiency improvement in three Asian countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 20(C), pages 491-503.
    5. Nong, Duy & Wang, Can & Al-Amin, Abul Quasem, 2020. "A critical review of energy resources, policies and scientific studies towards a cleaner and more sustainable economy in Vietnam," Renewable and Sustainable Energy Reviews, Elsevier, vol. 134(C).
    6. Sophie Schramm & Nguyen Thi Thanh Mai, 2019. "Turning waste into resources and resources into waste: Centralised waste-to-energy nexuses and alternative modes of nexusing in Hanoi," Urban Studies, Urban Studies Journal Limited, vol. 56(11), pages 2315-2332, August.
    7. Dorel Dusmanescu & Jean Andrei & Gheorghe H. Popescu & Elvira Nica & Mirela Panait, 2016. "Heuristic Methodology for Estimating the Liquid Biofuel Potential of a Region," Energies, MDPI, vol. 9(9), pages 1-19, August.
    8. Alam Hossain Mondal, Md. & Mathur, Jyotirmay & Denich, Manfred, 2011. "Impacts of CO2 emission constraints on technology selection and energy resources for power generation in Bangladesh," Energy Policy, Elsevier, vol. 39(4), pages 2043-2050, April.
    9. Minh Ha-Duong & an Ha Truong & Hong Nam Nguyen & Hoang Anh Nguyen Trinh, 2016. "Synthesis Report on Socio-environmental Impacts of Coal and Coal-fired Power Plants in Vietnam," CIRED Working Papers hal-01441680, HAL.
    10. repec:jle:journl:163 is not listed on IDEAS
    11. Bhutto, Abdul Waheed & Bazmi, Aqeel Ahmed & Zahedi, Gholamreza, 2012. "Greener energy: Issues and challenges for Pakistan-hydel power prospective," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(5), pages 2732-2746.
    12. Nhan Thanh Nguyen & Minh Ha-Duong & Sandra Greiner & Michael Mehling, 2011. "Implementing the Clean Development Mechanism in Vietnam: potential and limitations," Post-Print halshs-00654294, HAL.
    13. Chang, Youngho & Fang, Zheng & Li, Yanfei, 2016. "Renewable energy policies in promoting financing and investment among the East Asia Summit countries: Quantitative assessment and policy implications," Energy Policy, Elsevier, vol. 95(C), pages 427-436.
    14. Mazandarani, A. & Mahlia, T.M.I. & Chong, W.T. & Moghavvemi, M., 2011. "Fuel consumption and emission prediction by Iranian power plants until 2025," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(3), pages 1575-1592, April.
    15. Nhan T. Nguyen & Minh Ha-Duong, 2009. "The potential for mitigation of CO2 emissions in Vietnam's power sector," Working Papers 22, Development and Policies Research Center (DEPOCEN), Vietnam.
    16. Huber, Matthias & Roger, Albert & Hamacher, Thomas, 2015. "Optimizing long-term investments for a sustainable development of the ASEAN power system," Energy, Elsevier, vol. 88(C), pages 180-193.
    17. Bazmi, Aqeel Ahmed & Zahedi, Gholamreza, 2011. "Sustainable energy systems: Role of optimization modeling techniques in power generation and supply—A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(8), pages 3480-3500.
    18. Shahbaz, Muhammad & Haouas, Ilham & Hoang, Thi Hong Van, 2019. "Economic growth and environmental degradation in Vietnam: Is the environmental Kuznets curve a complete picture?," Emerging Markets Review, Elsevier, vol. 38(C), pages 197-218.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nhan T. Nguyen & Minh Ha-Duong, 2009. "The potential for mitigation of CO2 emissions in Vietnam's power sector," Working Papers 22, Development and Policies Research Center (DEPOCEN), Vietnam.
    2. Hu, Zhaoguang & Tan, Xiandong & Yang, Fan & Yang, Ming & Wen, Quan & Shan, Baoguo & Han, Xinyang, 2010. "Integrated resource strategic planning: Case study of energy efficiency in the Chinese power sector," Energy Policy, Elsevier, vol. 38(11), pages 6391-6397, November.
    3. Cowan, Kelly R. & Daim, Tugrul U., 2011. "Review of technology acquisition and adoption research in the energy sector," Technology in Society, Elsevier, vol. 33(3), pages 183-199.
    4. Yong Zeng & Yanpeng Cai & Guohe Huang & Jing Dai, 2011. "A Review on Optimization Modeling of Energy Systems Planning and GHG Emission Mitigation under Uncertainty," Energies, MDPI, vol. 4(10), pages 1-33, October.
    5. Shree Shakya & S. Kumar & Ram Shrestha, 2012. "Co-benefits of a carbon tax in Nepal," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 17(1), pages 77-101, January.
    6. Thanh Tu Tran & Shinichiro Fujimori & Toshihiko Masui, 2016. "Realizing the Intended Nationally Determined Contribution: The Role of Renewable Energies in Vietnam," Energies, MDPI, vol. 9(8), pages 1-17, July.
    7. Schallenberg-Rodríguez, Julieta & Notario-del Pino, Jesús, 2014. "Evaluation of on-shore wind techno-economical potential in regions and islands," Applied Energy, Elsevier, vol. 124(C), pages 117-129.
    8. Nakawiro, Thanawat & Bhattacharyya, Subhes C. & Limmeechokchai, Bundit, 2008. "Expanding electricity capacity in Thailand to meet the twin challenges of supply security and environmental protection," Energy Policy, Elsevier, vol. 36(6), pages 2265-2278, June.
    9. Izadyar, Nima & Ong, Hwai Chyuan & Chong, W.T. & Leong, K.Y., 2016. "Resource assessment of the renewable energy potential for a remote area: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 908-923.
    10. Latinopoulos, D. & Kechagia, K., 2015. "A GIS-based multi-criteria evaluation for wind farm site selection. A regional scale application in Greece," Renewable Energy, Elsevier, vol. 78(C), pages 550-560.
    11. Mondal, Md. Alam Hossain & Denich, Manfred, 2010. "Assessment of renewable energy resources potential for electricity generation in Bangladesh," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(8), pages 2401-2413, October.
    12. Ariel Alexi & Teddy Lazebnik & Labib Shami, 2024. "Microfounded Tax Revenue Forecast Model with Heterogeneous Population and Genetic Algorithm Approach," Computational Economics, Springer;Society for Computational Economics, vol. 63(5), pages 1705-1734, May.
    13. Sadeghi, Hadi & Rashidinejad, Masoud & Abdollahi, Amir, 2017. "A comprehensive sequential review study through the generation expansion planning," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 1369-1394.
    14. Teddy Lazebnik & Tzach Fleischer & Amit Yaniv-Rosenfeld, 2023. "Benchmarking Biologically-Inspired Automatic Machine Learning for Economic Tasks," Sustainability, MDPI, vol. 15(14), pages 1-9, July.
    15. Schallenberg-Rodríguez, Julieta & García Montesdeoca, Nuria, 2018. "Spatial planning to estimate the offshore wind energy potential in coastal regions and islands. Practical case: The Canary Islands," Energy, Elsevier, vol. 143(C), pages 91-103.
    16. Mekonnen, Addisu D. & Gorsevski, Pece V., 2015. "A web-based participatory GIS (PGIS) for offshore wind farm suitability within Lake Erie, Ohio," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 162-177.
    17. Aydin, Nazli Yonca & Kentel, Elcin & Duzgun, Sebnem, 2010. "GIS-based environmental assessment of wind energy systems for spatial planning: A case study from Western Turkey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(1), pages 364-373, January.
    18. Shrestha, Ram M. & Marpaung, Charles O. P., 2005. "Supply- and demand-side effects of power sector planning with demand-side management options and SO2 emission constraints," Energy Policy, Elsevier, vol. 33(6), pages 815-825, April.
    19. Nakawiro, Thanawat & Bhattacharyya, Subhes C. & Limmeechokchai, Bundit, 2008. "Electricity capacity expansion in Thailand: An analysis of gas dependence and fuel import reliance," Energy, Elsevier, vol. 33(5), pages 712-723.
    20. Batas Bjelić, Ilija & Rajaković, Nikola & Ćosić, Boris & Duić, Neven, 2013. "Increasing wind power penetration into the existing Serbian energy system," Energy, Elsevier, vol. 57(C), pages 30-37.

    More about this item

    Keywords

    Integrated resource planning; Renewable energy; Electricity generation;
    All these keywords.

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:21173. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.