Viet Nam Energy Outlook Report 2023 shows that the country is working steadfastly to reach net zero by 2050 while facing the challenge of a fast-growing economy and a huge increase in electricity demand.
Some of the key takeaways of the Viet Nam Energy Outlook Report are
• The green energy transition is cost-efficient for Viet Nam
• A steady increase in renewable energy investments is required from today
• Energy efficiency is a cost-effective option to reach the net-zero target
One of the keys to this successful development is strategic energy planning. The Vietnamese government uses advanced energy system models, the TIMES-Vietnam and the Balmorel-Vietnam, for decision-making.
We have supported the development of the TIMES-Vietnam model for almost 10 years through our engagements in the Partnership Programme between Viet Nam and Denmark, headed by the Danish Energy Agency.
Duration: March- December 2023
EML Team: Kenneth Karlsson, Ida Græsted Jensen &Till ben Brahim
Client: Danish Energy Agency
Total budget: DKK 572.288
Reference: Giada Venturini, Danish Energy Agency
Collaborators: Electricity and Renewable Energy Authority (EREA, Vietnam), Hanoi University of Science and Technology, and E4SMA
Model: TIMES-VNM