Bureau Veritas Participates in Forum "Reshaping the Global Energy Supply Chain: Identifying Trends, Challenges, and Solutions for Vietnam"
Oct. 25 2024
On October 17th, Ms. Hiep Pham, Industry Manager of Bureau Veritas Vietnam, attended the forum "Reshaping the Global Energy Supply Chain: Identifying Trends, Challenges, and Solutions for Vietnam" and shared in-depth insights into the trend of green energy transition.
In recent years, the trend of green, clean, and environmentally friendly energy has been the focus of energy development policies in many countries and will reshape the global supply-demand relationship for energy. According to the International Energy Agency (IEA), renewable energy will account for about 30% of the global electricity generation mix in 2024. In terms of power generation structure, the current global power generation mix is estimated as follows: coal-fired power 36.6%, oil-fired power 2.8%, nuclear power 10.7%, gas-fired power 23.5%, and electricity from renewable energy sources 26.4%. IEA research indicates that by 2025, renewable energy will become the primary source of electricity, contributing one-third of the world's total electricity production.
Photo: Delegates at the forum "Reshaping the global energy supply chain: Identifying trends, challenges and solutions for Vietnam"
Similar to previous industrial revolutions, the renewable energy transition in the Fourth Industrial Revolution will lead to profound changes in the global economy. The transition also affects the restructuring of international trade flows. As an economy with high openness and subject to many constraints from the international market, Vietnam is significantly impacted by the global energy transition trend.
Over the past years, Vietnam government has issued a variety of policies to promote energy development and transition, ensuring national energy security. At the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), Vietnam committed to achieving net-zero emissions by 2050. Besides the efforts of management agencies, many enterprises have implemented greenhouse gas emission reduction activities to contribute to the Net Zero goal, such as PVN, Petrolimex, Vinfast, Vinamilk, and TH True Milk.
Photo: Ms Hiep Pham – Industry Manager of Bureau Veritas Vietnam at the event
According to Ms. Hiep Pham, green and renewable energy are still new to the Vietnamese market. Therefore, there are still many barriers in our policies, mechanisms, regulations, and standards. This is a bottleneck for energy transition in Vietnam.
She also stated that, for export enterprises, about 30-40% are currently interested in reducing emissions. However, this process requires a lot of self-management and self-transformation from within, starting with energy and the common power grid. Enterprises need to raise awareness of energy transition, develop human resources, conduct emissions inventories, and build environmental management systems.
"In particular, shifting to a green production model, applying emission-reducing production technologies, using renewable energy, improving energy efficiency, managing waste, using sustainable materials, and recycled materials”.
Specifically, for textile and aquaculture industries, Ms. Hiep suggested that textile enterprises should use solar energy, invest in low-water dyeing technology, certify international green standards such as GOTS, OEKO-TEX, and use recycled and organic materials. Meanwhile, in the aquaculture industry, enterprises need to practice sustainable aquaculture applying recirculating water technology, minimizing the use of antibiotics, chemicals, and certifying ASC, MSC.
As a leading consulting company in testing, inspection, and certification, Bureau Veritas plays a crucial role in promoting the energy transition process in Vietnam. We have been actively participating in renewable energy projects, ensuring that projects meet standards and comply with international regulations. This is entirely in line with BV Group's orientation towards a sustainable and climate-stable future globally.