Vietnam needs considerable international support in terms of concessional capital to take measures for concurrently ensuring national energy security and achieving net zero emissions by 2050, its minister of industry and trade Nguyen Hong Dien recently told British minister Alok Kumar Sharma, president for the 26th UN Climate Change Conference (COP26), who was on a visit to Vietnam.
Right after the COP26 meeting in the United Kingdom last November, his ministry started working to update the draft Power Development Plan VIII in a way that continues reducing coal-fired power generation and strongly developing gas-fired power generation, especially the liquefied natural gas (LNG)-fired one, so as to guarantee energy security and increase the capacity of using electricity from renewable energy sources, Dien said.
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