PM: Vietnam promotes energy transition with a prompt roadmap

(VOVWORLD) - On Saturday Prime Minister Pham Minh Chinh attended and delivered a speech a forum on acceleration of coal power transition chaired by French President Emmanuel Macron in the framework of COP 28. 
PM: Vietnam promotes energy transition with a prompt roadmap - ảnh 1Prime Minister Pham Minh Chinh speaks at the forum on acceleration of coal power transition. (Photo: VOV)

Addressing the forum, PM Chinh highlighted that it is time to shift to a cleaner energy even though Vietnam and many other developing countries could not deny the role of coal-fired electricity.

Energy transition is an objective requirement of strategic benefits and a top priority of all countries, he said, stressing that however, the process should ensure the targets of economic development, national energy security, and job generation and it should not create any shocks for workers.       
Vietnam will work to complete institutions, legal frameworks and policies to shift to renewable energy with a roadmap and steps suitable with the country's situation, along with evaluating and handling impacts of energy transition, mobilizing finance and bolstering public-private and international cooperation to accelerate the process, he stressed.
PM Chinh took the occasion to thank G7 countries, including France, and other international partners for supporting Vietnam during the energy transition process, especially through the implementation of the Just Energy Transition Partnership (JETP), making contributions to the global green transition efforts. 
He also asked international partners to enhance assistance for Vietnam in terms of preferential financing, advanced technologies, high-quality human resources training, and building of smart management systems.
Leaders of France, the European Commission, the US and international organizations welcomed Vietnam’s commitment and efforts, and affirmed they will accompany the Southeast Asian country in the energy transition process in the interests of the country and the world as a whole.
They laid stress on the necessity to reduce dependence on coal for electricity generation, push forward energy transition and develop renewable energy, while noting that developing countries should not be required to choose between energy transition and economic development.
They affirmed that they will build effective tools to support and accelerate the process.