The Scheme's general objective is to set out the strategy for achieving net-zero emissions by 2050 and contribute to global efforts in response to climate change.
Its specific objectives are:
Decision No. 888/QD-TTg on approval for Scheme Setting Out Tasks and Solutions for Implementation of Outcomes of the 26th Conference of the Parties to the Untied Nations Framework Convention on Climate Change
Summary
- Setting up a comprehensive legal framework;
- Reforming strategies in order to be conform with net-zero commitments by 2050;
- Promoting the reduction of GHG emissions in the sectors of energy, transport, production of building materials, agriculture and waste treatment;
- By 2030, encourage the use of green energy and electricity in transport, and use of 100% of E5 petrol; decrease greenhouse gas emissions by 32,6% in energy, 43% in agriculture, 70% in forestry and land use sector in which the carbon sequestration capacity is expected to increase by 20%, 60,7% in waste treatment, and 38,3% in industrial processes (compared to the emission reduction stated in the BAU scenario).
- Identify potential of renewable energy sources;
- By 2030, increase the ratio of sources of renewable energy, including hydroelectricity, wind power, solar power and biomass to at least 33% of total production of electricity.
- Develop new zero-emission energy projects and energy storage technologies;
- Establish carbon credit exchange and offsetting mechanisms, and domestic carbon credit market;
- By 2030, the domestic carbon market shall be operated and connected with regional and global carbon markets.
- Undertake climate change adaptation and natural resource and ecosystem restoration consistently and efficiently;
- Implement UN initiatives accordingly.
- Establish and participate in partnerships, alliances, and other international initiatives on emissions reduction and energy transition;
- Promote climate diplomacy; do scientific research; improve capacity and communication activities.
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About this policy
Year
2022
Most recent update
25/07/2022
Geography
Response areas
Adaptation, Mitigation
Sectors
Waste, Transport, Energy, Buildings, Agriculture
Topics
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Group
Topics
Target
Policy instrument
Risk
Just transition
Renewable energy
Fossil fuel
Greenhouse gas
Economic sector
Public finance actor
Targets 7
By 2030, decrease greenhouse gas emissions by 38,3% in industrial processes compared to BAU
Industry, Target year: 2030By 2030, decrease greenhouse gas emissions by 60,7% in waste treatment compared to BAU
Waste, Target year: 2030By 2030, decrease greenhouse gas emissions by 70% in LULUCF compared to BAU in which the carbon sequestration capacity is expected to increase by 20%
LULUCF, Target year: 2030Note
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