Industry aims to stay put amidst global disturbances while policy pace slows down in SE Asia. Views were published in the below press release earlier, although, not much has changed since the past year, but now we can say ‘tariff’ instead of ‘FiT’. – GWC Mag

With COP28 around the corner, to be held in Dubai next month, countries prepare to present their actions and reaffirm on their climate commitments.
Vietnam also has taken several actions and we see the National Electricity Master Plan (PDP8) (https://lnkd.in/gcqAAQPB) and the National Energy Master Plan (NEMP) (https://lnkd.in/gc57vtYX) in place. But, realizing the targets within mere 7 years of main remaining timeline would be a dream come true. It shall require a robust policy framework with a further streamlined strategy to invite international support which is expected to stay volatile when the economies try to find a stable ground.

JETP by the G7 is geared to open the financing tap based on the beneficiary market policy outcomes.

Key expectations revolves around the following:
– Implementation plan for PDP8/NEMP
– Direct PPA regime
– Tariff clarity with the Vietnam wholesale electricity market mechanism
– Specific detailed guidelines for the development of distributed/rooftop solar power projects
– Technical confidence on development/transition strategy for hydrogen, ammonia sources
– Establishment of a stable carbon credit market to offset dark footprints
– Validating higher exchange of RECs
– Green bonds

We will witness amendments to various laws and regulations to cope up with the above and still maintain a healthy manufacturing/export hub goal.

e-link for Press Release: https://itpc.hochiminhcity.gov.vn/web/en/-/potential-energy-investors-clamour-for-regulation-clarity

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