By Anh Minh, Dat Nguyen September 8, 2020 | 02:30 pm GMT+7 VNExpressWorkers fix electric cables in District 1, Ho Chi Minh City. Photo by VnExpress/Thanh Nguyen.
Coal-fired power will remain a key energy source for Vietnam for several decades to come despite the boost in renewables, senior officials say.
Without coal-fired power, Vietnam will have to confront energy insecurity, Deputy National Assembly Chairman Phung Quoc Hien said Monday at a meeting between the parliamentary Economic Committee and Minister of Industry and Trade Tran Tuan Anh.
Famous for innovation in consumer electronics and a progressive approach to sustainability, Samsung has been called out by NGOs for links to the construction of the controversial Vung Ang 2 coal-fired power plant in Vietnam.
News that electronics giant Samsung’s construction arm could be building a controversial coal-fired power station in Vietnam has surprised environmentalists, and prompted a campaign that highlights the environmental and social impact of the project.News emerged on Monday (10 August) that Samsung Construction & Trading (C&T) is considering participation in the 1,200 megawatt Vung Ang 2 coal project in Vietnam’s Ha Tinh province.
The proposed plant has been repeatedly targeted by NGOs in recent years for its potential to pollute and exacerbate the climate crisis, and a number of companies including Standard Chartered Bank, OCBC Bank and DBS have withdrawn from Vung Ang 2, citing conflicts with tightened climate policies.
Campaigners have also pointed out that Vung Ang 2 has air pollution standards far lower than those in Korea, which is one of the world’s biggest investors in overseas coal projects.
A collective of green groups including Greenpeace, Solutions for Our Climate and Market Forces said in a campaign due to run in international media this week that Samsung’s involvement in Vung Ang 2 goes against group-level sustainability pledges, which include reducing greenhouse gas emissions, and will tarnish the company’s brand image.
“Innovation is such a big focus for Samsung. It seems odd that a company so focused on building the next new thing wants to build 19th century technology,” Bernadette Maheandiran, a researcher for investments watchdog Market Forces, told Eco-Business.
Vietnam has increasingly imported coal and crude oil during the social distancing period for thermal power plants.
Statistics from the General Department of Vietnam Customs show that in July, Vietnam imported nearly 4.4 million tonnes of coal at the cost of VND1.4m (USD60) a tonne. In the first seven months, Vietnam imported a total of 36 million tonnes for USD2.5bn.
2019 was another dynamic year for the global LNG market. The market saw some demand growth, although not as much as expected, particularly in Asia, driven largely by China. There has also been sustained pressure on prices, with spot prices dipping to new lows in Asia in the latter half of the year, which has continued into 2020. Portfolio players have gone from strength to strength, cementing their place as key drivers of current market trends, and we have seen a number of traders taking steps to broaden their activities and firm up their place as a portfolio player.Tiếp tục đọc “ENERGYSOURCE | ISSUE 22 06 FEB 2020LNG contracting: Recent trends and the outlook for 2020”→
What will the liquefied natural gas (LNG) market of tomorrow look like? Today, a number of newer business models have emerged due to rapidly changing dynamics that have impacted the market, including increasing resource availability, new technologies and new sources of demand.
by Chris Ross, Executive Professor, Finance, University of Houston and Justin Varghese, MBA Candidate, Bauer College of Business
Liquefied natural gas (LNG) developers and natural gas producers have depended on third parties to create demand for their product. In recent years, LNG market prices have dropped in response to a surge in supplies and roughly two million tons of LNG contracts are set to expire in the next 10 years. Promising new LNG projects cannot be financed and have stalled. Tiếp tục đọc “LNG Projects Have Stalled. A New Business Model Could Help”→
*** Lỗ hổng an ninh năng lượng – Bài 1: Trĩu nặng “nỗi lo than”
Thanh Hương – 15/05/2019 14:22
Trong 3 năm trở lại đây, đầu tư cho ngành năng lượng, gồm điện – than – dầu khí, suy giảm đã tạo ra khoảng trống, gây áp lực lớn lên an ninh năng lượng của nước ta. Với một nền kinh tế có tốc độ tăng trưởng cao, liên tục, để thoát “bẫy thu nhập trung bình”, thì an ninh năng lượng phải là trụ cột trong chính sách phát triển, chứ không thể là “gót chân Asin” của nền kinh tế.
(Bloomberg) — BlackRock Inc. has challenged Korea Electric Power Corp. over plans to invest in new coal-fired power plants in Vietnam and Indonesia.
The world’s top asset manager raised concerns over “several controversial coal projects” with a South Korean utility, including in meetings in the first quarter, it said in a report last month. BlackRock “contacted the CEO seeking a clear strategic rationale for its investments in coal energy,” it said, without naming the company.
Trong bối cảnh thoái vốn nhiệt điện than đang diễn ra mạnh mẽ trên toàn cầu, Việt Nam được cảnh báo đối mặt với nguy cơ bị mắc kẹt vào tổn thất kép cả về tài chính và môi trường, nếu định hướng năng lượng vẫn chủ yếu dựa vào nhiệt điện than.
“SÓNG” THOÁI VỐN NHIỆT ĐIỆN THAN. Một cảnh báo mới về các thị trường vốn toàn cầu được cựu thống đốc ngân hàng Anh Mark Carney đưa ra mới đây, dự báo về “cơn sóng thần” tổn thất tài sản do bị mắc kẹt bởi nhiên liệu hóa thạch. Khả năng lên tới 20.000 tỉ USD nếu thế giới không tuân thủ Thỏa thuận Khí hậu Paris.
Drax từng là nhà máy nhiệt điện than lớn nhất châu Âu, đang chuyển đổi sang cung cấp năng lượng sinh khối vào năm 2021. Ảnh: Christopher Furlong/Getty Images
Japanese financial giant Mizuho Financial Group will stop investing and offering loans to new coal power projects as well as end all loans for coal by 2050.
Mizuho – one of the three so-called megabanks of Japan – plans to reduce its outstanding balance of JPY300 billion ($2.8 billion) in loans to coal power plants by half by the 2030 fiscal year and reduce it to zero by 2050. The bank will go to great lengths to de-carbonate as coal power plants emit massive amounts of CO2 – a major contributor to global warming, according to Asahi. Tiếp tục đọc “Japanese bank Mizuho to stop lending to coal power plants”→
Bộ Năng lượng Hàn Quốc vừa công bố sẽ tạm dừng hoạt động tới 28 nhà máy nhiệt điện than vào tháng 3/2020 để chống ô nhiễm không khí. Nước này hiện có khoảng 60 nhà máy nhiệt điện than, đóng góp vào 40% sản lượng điện cả nước.
(Bloomberg) — Follow Bloomberg on LINE messenger for all the business news and analysis you need. Vietnam may scale back a plan to boost coal’s role in its power generation as financial restrictions and local environmental concerns make it more difficult to build plants. The National Steering Committee for Power Development has recommended eliminating about 15 gigawatts of planned new coal plan