Vietnams Decarbonization and Energy Transition

Project Dates: March 2022 - November 2023
ShareShare icon for SIPET
Vietnams Decarbonization and Energy Transition
PROJECT OBJECTIVE

To support decarbonization and energy transition in selected industrial sectors in Vietnam thereby contributing to the country’s green growth and climate goals (NDC).

PROJECT DESCRIPTION

This Grant will support the Technical Assistance (TA) to scale up ongoing green growth efforts and support low carbon transition of industrial sector through deeper analysis and piloting in selected industries. The project will also create innovative technologies roadmap and interventions which could be supported under the ongoing Vietnam Scaling Up Energy Efficiency (VSUEE) and Vietnam Energy Efficiency for Industrial Enterprises (VEEIE) projects. The proposed TA will complement what has been planned under the Pillar two “Demand Side Decarbonization” of Vietnam Low Carbon Infrastructure Development (P176851) Programmatic ASA (LCID PASA). Component 1: Promoting and piloting innovative and low carbon technologies, including circular economy (CE) approach in the energy intensive industrial sector (USD 2.5 million). The example technologies would include direct electrification of industrial processes, application of heat pumps, hydrogen production and application, carbon capture & use of industrial processes, etc. Piloting of innovative decarbonization technologies would be based on the deep dive in few selected industries and would draw heavily from successful examples of innovative technologies and CE adoption in other countries which are still not implemented or commercialized in Vietnam.


SECTORS OR AREAS OF WORK
  1. Renewables
  2. Energy efficiency

Region/Location

BUDGET

USD 4,100,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. WB - The World Bank
IMPLEMENTING AGENCY OR AGENCIES

ADDITIONAL INFORMATION

For more information, visit https//projects.worldbank.org/en/projects-operations/project-detail/P176226


BUDGET

USD 4,100,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. WB - The World Bank
IMPLEMENTING AGENCY OR AGENCIES