Country Context and Primary Activities for PMR Support
Vietnam's emissions reduction strategy focuses on energy efficiency and large-scale renewable energy production. The country aims to reduce energy consumption per unit of GDP by 2.5-3% per year by 2020 and to reduce greenhouse gas emissions relative to its business-as-usual (BAU) scenario by 2-3% per year from 2020 to 2030. Vietnam also aims to bring the share of renewable energy within its generation mix to 5.6% by 2020 and to 11% by 2050. Vietnam is also developing a Green Growth Strategy that envisions emission reductions from the energy sector by 10% relative to BAU (and 20% with international support) by 2020.
The PMR will support Vietnam to...
- Design and pilot market instruments in the steel, solid waste, and power (EE) sectors; and
- Establish a GHG registry and MRV system.