Enhancing Energy Efficiency (EE) in the supporting and food processing industries involves increasing awareness among the public and private sectors about Renewable Energy and EE practices. The project aims to support the private sector in accessing financing for their EE investments and foster networking opportunities among manufacturers, financiers, and Energy Service Companies (ESCOs). Additionally, piloting EE benchmarking initiatives in these industries and developing a roadmap for establishing an ESCO Association in Vietnam are important steps towards achieving these objectives.
The main goal of this project is to establish crucial standards that will encourage both public and private investments in expanding e-vehicle charging infrastructure, while also ensuring its safety and quality, benefiting manufacturers and customers alike. These tailored standards will be shared with local and international vehicle manufacturers, along with comprehensive training programs. Ultimately, the project aims to contribute to creating an enabling policy environment in Vietnam, leading to reduced CO2 emissions and promoting sustainable transportation.
On 14 December 2022, the International Partners Group (IPG) and Vietnam announced a Just Energy Transition Partnership (JETP), which aims to unlock financing to support Vietnam with a just and sustainable energy transition. In collaboration with the Department of Climate Change (DCC) of the Ministry of Natural Resources and Environment (MONRE), ETP has been engaged in supporting DCC's preparatory work for Vietnam's JETP.
Building on ETP's relations with DCC, and responding to a formal request letter, ETP promptly assembled a diverse consultant team to support the DCC. Through thorough research and multiple stakeholder engagements, ETP's consultant team conducted several studies, compiled policy briefs, and provided inputs to DCC's JETP efforts.
Deliverables Provided: As part of our collaboration, ETP delivered several important resources to the DCC for JETP preparation:
* Please note that these products, while reflecting the views of our consultants, do not necessarily represent the official stance of the DCC or ETP.*
ETP is grateful to the DCC for the opportunity to engage in such meaningful work and remains committed to offering further support to the JETP and the wider energy transition process. We also acknowledge the work of our consultants who worked tirelessly to deliver this work against tight deadlines.
The study aims to evaluate the effects of the Carbon Border Adjustment Mechanism (CBAM) on various aspects of Vietnam's economy, such as export products, energy transition, and the implementation of Nationally Determined Contributions (NDCs). It also seeks to analyze how CBAM impacts the establishment of a domestic carbon market and the design of a carbon tax system in Vietnam. Based on the findings, the study will provide recommendations to minimize negative impacts and develop a roadmap for the application of a carbon tax system in Vietnam.
The project is a part of ETP's program, in collaboration with the Department of Oil, Gas, and Coal, Ministry of Industry and Trade, to support the transition of the coal, gas, and oil sectors in Vietnam towards a clean energy future while prioritizing people's well-being. The project aims to identify technical, social, and policy challenges to transition towards renewable energy and produce practical roadmaps to address them. Additionally, the project intends to devise strategies to repurpose coal assets effectively and develop comprehensive social protection packages to support affected workers and communities for social stability in Vietnam. The project aligns with Vietnam's National Energy Master Plan and its commitments to the Paris Agreement.
An in-depth study and survey will be conducted to develop the National Green Cooling Program. The aim of the program is to encourage the adoption of high energy efficiency and low carbon technologies in the cooling sector, resulting in increased energy savings. This initiative will contribute to achieving sustainable development goals and national energy efficiency targets.
The Assignment aims to research and propose an auction mechanism for power source development. The main objectives include analyzing the legal context and procurement modalities for selecting power generation project developers in Vietnam, identifying legal gaps and recommending improvements for developing renewable energy projects, identifying legal conditions for implementing an auction mechanism for power generation and grid connectivity development, and providing technical comments for the development of the auction mechanism.
The collaboration between ETP and CMSC aligns with the Government of Vietnam's dedication to promoting renewable energy and reducing greenhouse gas emissions, in accordance with the net-zero target set for 2050. ETP's assistance will aid CMSC in managing state-owned energy enterprises, with a focus on transitioning away from coal, enhancing governance, achieving profitability and sustainability, and promoting a transparent and sustainable energy market that supports renewable energy development.
Assessment and Preliminary Design of Carbon Tax
Carbon Market Development
Studies for New Electricity Law Policy Coherency: Smart Grid and Competitive Electricity Markets
Energy Efficiency Policy Review
Recommendations for Article 4 of Electricity Law for Private Investment in Grid Development
Net-zero Abatement Scenario and Roadmap for Energy Sector
Implementation of Smart Grid and Demand Side Management
Offshore Wind Energy Infrastructure Facilitation
National Standards for Offshore Wind Energy Products and Design
National Standards for Battery Energy Storage
Regulations for Ancillary Services Market and Power System Operation with Smart Grid Technology
Capacity Building for a Large Scale Competitive Electricity Market for Integrated RE in the Power System, and Regulatory on Electricity Prices
Development of Energy Transition KPI for Annual Evaluation of Energy Transition Progress in Cities & Provinces
Energy Transition Training Series for the Ministry and Provincial Leaders and Officials
Energy Transition TV Series on National Assembly TV
Upgrade the Energy Audit and EE Project Development Training