According to a long-delayed national power plan published Tuesday, Vietnam will not develop new coal power plants after 2030. However, the blueprint drew criticism that the transition to renewables is too slow.
The Southeast Asian country committed to reaching net-zero carbon emissions by 2050 at the COP26 climate summit 2021.
The $135-billion plan for its energy policy until 2030, mapping how it reach those targets, delayed for over two years. More than one earlier draft pointed to renewed investment in coal.
According to the new plan, known as Power Development Plan 8, “by 2030, only coal power projects that have already approved and those under construction can proceed”.