Green economy as an opportunity for Vietnamese business in renewable energy sector

Abstract

Green or green economy development is a new trend in the process of restructuring the economy due to the effects of climate change as well as rising sea levels and the impact of the global economic recession. In December 2011, the climate change conference in South Africa with 194 participating countries agreed to set up a Green Climate Fund and take new steps to reduce greenhouse gas emissions after 2020. Currently, the biggest concern of the world community is climate change, to mitigate and adapt to climate change, countries are making efforts, one of the basic factors to have. by the low-carbon economy or the green economy, besides the green economy, the exhaustion of fuel sources is due to meeting most of human energy needs, so the research and use New renewable energy sources such as wind, solar, geothermal or biomass energy are an essential need. In this paper, author refers to green economy and some key causes to promote the development of renewable energy, opportunities for Vietnamese businesses. Moreover, author also sets out the main reasons that hinder the development and exploitation of renewable energy sources in Vietnam.

The Role of Renewable Energy as a ‘Green Growth’ Strategy for the Built Environment

“…Green growth, however, has rapidly come to embrace such diverse concepts as employment, technology and innovation, and trade [12,14,15]. Green growth, broadly conceptualized, is thus central to achieving sustainable development in assimilating both environmental sustainability and economic development [13,[15][16][17][18]. It has the potential to impart significant social as well as economic gains [14].…”

“…Renewable energy technology transition promises a significant contribution to the life and health of people, and to the alleviation of poverty. This is one of the main goals of green growth [13,17,18], the aim being that the pursuit of new technologies will foster increases in productivity and lowering of energy costs as compared with traditional fuels [15][16][17]. In developed economies, these technologies are emerging dynamically.…”

“…While there is general agreement that 'green energy' is desirable and beneficial, it is less clear which sources of green energy-or 'green growth' strategy-are the most effective. Energy literally fuels the economic growth of all nations, but owing to environmental destruction and restrictions caused by the consumption of fossil fuels, countries need to adapt their energy consumption portfolio in ways that best support their economic growth [11][12][13]. Therefore, countries need economic growth predicated on a mix of energy sources that optimizes sustainable development and minimizes environmental pollution while providing high economic outcomes.…”

“…'Green growth' is an identified strategy for countries to achieve sustainable development [11][12][13][14][15][16][17][18]. The concept of green growth has developed significantly over the past years.…”

“…The World Bank also considers the concept as an effective vehicle for economic growth that simultaneously utilizes clean natural resources to produce energy while eliminating environmental pollution [19]. In practice, the realization of green growth demands that dependence on fossil fuels be reduced in favor of renewable energy [13]. Accordingly, reducing greenhouse gas emissions, through the substitution of fossil fuels with renewable energy, is valid both for developed as well as developing countries.…”