Has the Government approved Vietnam's hydrogen energy development strategy until 2030, with a vision to 2050?
Please ask: Has the Prime Minister approved Vietnam's Hydrogen Energy Development Strategy until 2030? Hope to get an answer. Question from Mr. Than in Lao Cai.
Has the Government approved Vietnam's hydrogen energy development strategy until 2030, with a vision to 2050?
On February 7, 2024, the Prime Minister issued Decision 165/QD-TTg in 2024 approving Vietnam's hydrogen energy development strategy until 2030, with a vision to 2050.
According to Decision 165/QD-TTg in 2024, Vietnam's hydrogen energy development perspective includes:
- Develop hydrogen energy on the basis of ensuring inheritance and consistency with the National Energy Development Strategy, National Energy Master Plan for the period 2021 - 2030, vision to 2050 and other related Strategies and Plans, which are dynamic and open to adapt to the context and energy transition situation in the world.
- Develop hydrogen energy along the value chain including production, storage, transportation, distribution and use, contributing to ensuring energy security and reducing greenhouse gas emissions, promoting the development of a green economy, circular economy and hydrogen economy.
- Develop hydrogen energy with a reasonable roadmap, associated with the energy conversion roadmap in Vietnam and closely follow the world's technology development trends, especially technology using renewable energy to produce hydrogen.
Exploit and use economically, effectively and sustainably national resources to produce hydrogen energy to serve domestic and export needs on the basis of ensuring energy security, national defense and security, environmental protection, ecology.
- Encourage the use of hydrogen energy in all sectors of the economy to reduce greenhouse gas emissions. Focus on building appropriate policies and incentive mechanisms to promote the use of hydrogen energy in areas with large greenhouse gas emissions such as electricity production, transportation, and industry.
- Strengthen international cooperation to share experiences and knowledge in developing the hydrogen energy ecosystem. Effectively exploit the support of the international community (through organizations and cooperation programs such as COP, JETP, AZEC,...) to promote hydrogen energy development in Vietnam.
Has the Government approved Vietnam's hydrogen energy development strategy until 2030, with a vision to 2050? (Image from the Internet)
What is goal of achieving hydrogen production capacity from renewable energy and other carbon capture processes to 500 thousand tons/year by 2030 in Vietnam?
According to Article 1 of Decision 165/QD-TTg in 2024 on specific goals and orientations for hydrogen energy production as follows:
- Strive for hydrogen production capacity from the process of using renewable energy and other processes that capture carbon to reach about 100 - 500 thousand tons/year by 2030.
In addition, there are goals for hydrogen energy production until 2030 and orientation to 2050 as follows:
- Period up to 2030
+ Deploy and apply advanced technology in the world in green hydrogen energy production in Vietnam.
+ Deploy and apply world-class advanced technology in carbon capture/use (CCS/CCUS) associated with hydrogen energy production from other energy sources (such as coal, oil and gas,...).
- Orientation to 2050
+ Acquire and master advanced technology in green hydrogen energy production in Vietnam.
+ Acquire and master advanced technology in carbon capture/use (CCS/CCUS) associated with hydrogen energy production from other energy sources (such as coal, oil and gas,...).
+ Strive for hydrogen production capacity from the use of renewable energy and other processes that capture carbon to reach about 10 - 20 million tons/year by 2050.
What does policy mechanism solution to implement the Hydrogen Energy Development Strategy include in Vietnam?
According to Article 1 of Decision 165/QD-TTg in 2024 stipulates tasks and solutions on policy mechanisms as follows:
- Develop and supplement regulations on renewable energy development policies, including hydrogen energy sources, in the 2012 amended Electricity Law to create a solid, transparent, and favorable legal foundation to create momentum for sustainable development of new and renewable energy.
- Create a mechanism and legal corridor for businesses that produce and use fossil energy to actively convert to producing and using hydrogen energy
- Issue regulations on authority to decide investment policies for offshore wind power projects, hydrogen/ammonia production and export projects using renewable energy (solar power, offshore wind power,... ).
- Develop and promulgate preferential mechanisms and policies (taxes, fees, land, etc.) to attract investment in developing the hydrogen energy field.
- Review, amend and supplement national standards and regulations in the field of hydrogen energy in accordance with international regulations and standards.
Best regards!
