JETP

Project Dates: January 2023 - December 2028
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JETP
PROJECT OBJECTIVE

Viet Nam’s Just Energy Transition Partnerships agreement has been made between the Socialist Republic of Vietnam and the International Partners Group (IPG), including Italy, to help Viet Nam transition towards clean energy.

PROJECT DESCRIPTION

Activities will be defined with the following objectives:                          

· Bringing forward the projected peaking date for all greenhouse gas emissions in Viet Nam from 2035 to 2030
· Reducing peak annual power sector emissions by up to 30%, from 240 megatons to 170 megatons, and bringing forward the peaking date by five years to 2030
· Limiting Viet Nam’s peak coal capacity to 30.2 gigawatts down from a current planning figure of 37 gigawatts
· Accelerating the adoption of renewables so that renewable energy accounts for at least 47% of electricity generation by 2030, up from the current planned generation share of 36%



Region/Location

BUDGET

USD 15,785,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. Government of Italy
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
ADDITIONAL INFORMATION

For more information, visit https//vepg.vn/


BUDGET

USD 15,785,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. Government of Italy
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE