Vietnam and Australia boost energy transition cooperation
VOV.VN - Vietnam and Australia are expected to increase cooperation in energy transition and climate change adaptation in the coming time.
The view was shared by Deputy Prime Minister Tran Hong Ha and Australian Ambassador to Vietnam Andrew Goledzinowski during the meeting in Hanoi on July 7.
Receiving the Australian diplomat, Ha briefed his guest on the implementation of the national energy transition plan and the Just Energy Transition Partnership agreement towards net-zero emissions commitments in Vietnam. He expected that Australia would actively engage in the development of a mechanism for coordination and action by developed and developing countries to achieve the carbon neutralization goal.
The Deputy PM proposed that Australia share experiences, cooperate in research, and transfer technology to produce green hydrogen and green ammonia from renewable energy at an appropriate cost, as well as in managing the smart energy transmission system and pooling finance for converting fossil energy to renewable energy to ensure the balance and stability of the energy system.
As the two countries share similarities in climate change adaptation, water resource management and desertification, Ha suggested that they could undertake a number of joint projects to share experiences, transfer technology and management methods, and complete the legal corridor suitable to Vietnam’s conditions.
Vietnam expects that Australia with its experience in building a green financial mechanism for climate change adaptation and environmental protection will give advice and help form a carbon credit market in the country, he made the request.
The Deputy Prime Minister highly appreciated the support of Australian organizations and partners in developing Vietnam’s policies on geology, minerals, and energy conversion.
Ambassador Goledzinowski for his part briefed his host on the Australian Government’s energy transition strategy, and said Australia lauded Vietnam’s net-zero emissions commitments by 2050.
He also assured his host that Australian businesses show their keen interest in renewable energy development orientation prescribed in the Vietnam National Power Development Plan VIII for 2021-2030 and with a vision to 2050, as well as the application of advanced technologies in exploration, exploitation and processing of precious minerals in Vietnam.