APEC towards a green economy

09:13 | 05/08/2014 Cooperation

(VEN) - Deputy Minister of Industry and Trade Nguyen Cam Tu when addressing the Asia-Pacific Economic Cooperation (APEC) conference on facilitating the solar supply chain held by the Ministry of Industry and Trade in Hanoi on July 31-August 1 said that energy security had become the world’s top concern. Therefore, Vietnam and other APEC members are striving to build a low carbon economy, contributing to ensuring sustainable energy development.

Top priority

According to Deputy Minister of Industry and Trade Nguyen Cam Tu, in the context of current economic difficulties, strengthening exploitation and taking advantage of renewable energy sources such as solar energy are needed, contributing to limiting the rapid exhaustion of the earth’s natural resources.

APEC conference on facilitating the solar supply chain

Sustainable energy development is one of top priorities of APEC leaders. In 2012, APEC leaders set out targets of reducing energy consumption in the region by 45 percent by 2035 as well as accelerating the process to build a low carbon economy.

In this context, renewable energy sources such as solar and wind energy can promote its potential, contributing to maintaining stability and ensuring sustainable development for the economies.

Increasing demand of many economies on the use of renewable energy sources has been clearly recognized. However, using renewable energy in production activities remains difficult due to the lack of long-term capital and suitable financial mechanisms.

“The conference offers good opportunity for APEC members to work together to facilitate the renewable energy supply chain in the Asia-Pacific region in order to improve efficiency in the process of developing new energy sources,” Deputy Minister of Industry and Trade Nguyen Cam Tu said.

Deputy Minister of Industry and Trade Nguyen Cam Tu:

Ensuring adequate energy supply for the smooth operation of the economy and industrial development aims at maintaining stability and promoting economic growth.


Experts said that together with strong economic growth in the past decades, Vietnam’s energy demand (especially electricity) in the next 20-30 years is forecasted to be large. Therefore, considering the exploitation of renewable energy sources is extremely important, contributing to ensuring energy security and sustainable socioeconomic development.

The goal of Vietnam’s renewable energy development strategy is striving to reach total wind power capacity of 1,000 MW and biomass power of about 500 MW by 2020 and 6,200 MW and 2,000 MW by 2030, respectively.

Institute of Energy’s Center for Renewable Energy and Clean Development Mechanism Director Nguyen Duc Cuong said that thanks to geographical location, climate and agricultural characteristics, Vietnam has potential in terms of the development of renewable energy sources such as hydropower, biomass, wind, solar and geothermal energy and biofuels.

The country has about 1,000 locations to construct small hydropower plants with total capacity of over 7,000 MW. Vietnam also has potential of biomass energy for heat and electricity production.

Thanks to total average radiation of about 230-250 kcal per sq.cm, Vietnam has potential of solar energy and its energy can be used for water heating, drying and cooking./.

By Hung Cuong


Theo ven.vn