Thu Vu and Press Release September 29, 2021
Latest draft power development plan puts clean energy transition at risk by sacrificing renewables for more coal
29 September (IEEFA Vietnam): In the lead up to the United Nations Climate Change Conference COP26, President Xi Jinping recently declared that China will no longer build new coal-fired power projects abroad. Despite limited details, the ramifications of China’s coal exit strategy for coal-centric developing economies like Vietnam could be immense.
The ramifications of China’s coal exit for coal-centric developing economies could be immense
Before President Xi’s announcement, Vietnam’s latest draft Power Development Master Plan 8 (PDP8) was released, and in a surprising shift, proposed to raise the installed capacity target for coal-fired power by 3 gigawatts (GW) to 40GW by 2030, with an additional (and final) 10GW to be deployed by 2035.
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