Gov’t wants a complete recycled energy strategy and planning scheme

Việt Nam is endowed with rich sources of recycled energies – Illustration photo

The strategy and the plan will be the preconditions to set up favorable mechanisms of exploiting and using these energies in the future.

The MIT said it had collected comments from relevant ministries and sectors to develop a plan covering the current status and potentials of recycled energies in Việt Nam.

The plan also consists of economic analysis, targets and possibilities of building recycled energy projects in the time to come.

Recycled energies have long taken an important role in the country’s end-use energy consumption.

The Government pledges to remove all obstacles and difficulties in terms of mechanisms and finance to maximize contributions of these energies to socio-economic development and environment, said Deputy PM Hải.

The strategy and the master plan must have long visions and focus on environmental impacts, he stressed.

Việt Nam, as the MIT said, has great potential and abundance of recycled energy resources like hydroelectricity, biomass, solar, wind, geothermal, and sea energies which have been not yet tapped efficiently.

The biggest challenge to the development of recycled energies in Việt Nam is that their prices are higher than those of fossil fuels, said the MIT.

By Hải Minh