A Comparative review of AZEC and JETP in Vietnam: Pathways to Achieve Net zero Emissions by 2050

Tóm tắt

Vietnam has committed to reaching the target of net zero emissions by 2050 by applying both the Just Energy Transition Partnership (JETP) and the Asia Zero Emission Community (AZEC). JETP has aimed at calling on international partners to cooperate with and help the country realise climate change response commitments and invest in energy transition projects to secure a green transition and a circular and low-carbon economy. AZEC pursues energy transitions tailored to each country's circumstances, together with Asian countries that are actively endeavouring toward carbon neutrality.  

In the World, only Vietnam and Indonesia have implemented both AZEC and JETP, though with different approaches. Though still at an early stage, the implementation of JETP and AZEC in Vietnam has faced challenges in terms of regulatory frameworks and financial arrangements. The research will analyse the implementation of AZEC and JETP in Vietnam, identify challenges and opportunities by reviewing lessons from countries around the World, collectable statistics and survey

results through the combined use of research methods such as interpretative method, meta-analytical method, comparative analysis method, etc. The research will provide policy recommendations for Vietnam and other developing countries to achieve net-zero emissions by 2050. From there, the research wants to answer the following questions:

1. What are the differences between AZEC and JETP mechanisms, and what are the lessons from implementing them in Vietnam and other countries?
2. How to implement the AZEC and JETP in Vietnam? How does the Vietnamese Government support the implementation of these two incentives?