MOIT facilitates green growth

09:24 | 17/09/2018 Industry

(VEN) - The Ministry of Industry and Trade (MOIT) is implementing a 2011-2020 sustainable development strategy approved by the Prime Minister, offering solutions to achieve green growth-oriented sustainable development targets.

moit facilitates green growth
Renewable energy development contributes to green growth

Consistent solutions

Greenhouse gas emissions from the energy sector are expected to account for more than 80 percent of the country’s total by 2030. The Ministry of Industry and Trade has carried out activities to promote efficient use of resources, fuel and other materials in industrial production in order to minimize greenhouse gas emissions and create environmentally friendly products.

Hoang Van Tam, Deputy Head of the MOIT’s Climate Change and Green Growth Office, said the ministry had issued a circular on energy consumption norms and minimum energy efficiency levels for such energy-intensive industries as steel, chemicals, paper and plastics, and will continue to improve and issue similar regulations for other industries.

In implementing the national action plan for sustainable production and consumption, the ministry has been gradually building a green distribution system through cooperation with major trade centers and supermarkets nationwide. Having acknowledged that new and renewable energy development is important for green economic growth, the ministry has proposed enactment of relevant laws while implementing such activities as the national strategy for renewable energy development to 2030, with a vision to 2050. The ministry has also submitted to the Prime Minister for approval renewable energy development policies.

Green growth

Shifting to green growth and low carbon emission models has become the trend worldwide. Responding to this trend, the industry and trade sector will continue to promote and disseminate national policies and provide information about new issues, such as technical barriers and the low carbon emission and global green growth trends, especially those having a major impact on the global economy, such as China, the US, and the EU. The ministry will work to expand business access to financial resources and to transfer possibilities of green growth and low carbon emission technology. At the same time, it will build policies and assist enterprises to realize their greenhouse emission minimization efforts.

The sector will implement Prime Ministerial Decision 598/QD-TTg on industrial sector restructuring in the 2018-2020 period, with a vision to 2025. The plan encompasses green growth, climate change-related and environmental protection targets including high technology application in industrial production, combining industrial production with environmental protection and coping with climate change. It will also include improvement of environmental protection policies for a number of industries that are likely to cause high environmental pollution, and development, revision and implementation of technical standards and regulations in industrial and environmental sectors in accordance with international standards and local conditions.

The Ministry of Industry and Trade’s Department of Energy Efficiency and Sustainable Development says the state

should launch both compulsory and voluntary policies to promote green growth and minimize greenhouse gas


Thanh Tam & Lan Anh