Appreciating the U.K. Government's actions and Stuart's efforts in carrying out the Just Energy Transition Partnership (JETP), Deputy Prime Minister Tran Hong Ha urged the U.K. share its methods for implementing rooftop solar policies; and introduce businesses that have successfully invested in projects to develop wind and solar power, smart grid, green hydrogen, green ammonia, and large-scale energy storage systems. He also welcomed the U.K.’s sharing of its experience in developing policies and criteria for selecting investors to ensure the best overall interests.
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Deputy Prime Minister Tran Hong Ha (right) and U.K. Minister of State for Energy Security and Net Zero Graham Stuart at their meeting in Hanoi on July 31 |
For his part, Stuart informed his host on the process and results of transforming energy sources from coal and fossil fuels to renewables in the U.K. since 2012. It is expected that all coal-fired power plants in the U.K. will cease operations by 2024. Meanwhile, the proportion of electricity generated from renewable energy has increased from 10% in 2010 to 40% of total electricity production in 2023, with further growth projected for the coming years.
The minister said lessons learned for the U.K. Government include establishing a legal framework, vowing long-term and stable policies for investors to reduce risks and capital costs, supporting businesses through working groups on solar and wind power, and creating jobs in the green energy sector, among others.
These lessons are valuable for Vietnam to accelerate the process of raising awareness, unifying actions, and harmonizing the interests of businesses, State, people, and the global community in implementing energy transition, Deputy Prime Minister Tran Hong Ha affirmed.
Source: VNA