Energy demand – how much energy we use – is a surprisingly under-explored area in the drive to cut carbon emissions and fight the climate crisis. But for energy users who take action in this area, there is “extraordinary potential,” the World Economic Forum says.

Rooftop solar now accounts for 11.2% of Australia’s electricity supply, with households and businesses playing a leading role in Australia’s renewable energy transition, according to the Clean Energy Council’s new Rooftop Solar and Storage Report.

To limit global warming to 1.5°C, we need to cut emissions by about 7% annually. Right now, emissions are rising by 1.5% each year. Energy-related emissions contribute to more than 80% of this global total. And although renewable energy production has more than doubled in the last decade, it still makes up only slightly over 13% of total energy use, up from 9% in 2011.

Vietnam's Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son expressed hopes of learning from European nations about carbon markets, international integration, and green hydrogen development. He emphasized the need for continued support in funding, technology, and training.

Given the increasing demand for energy, especially in the context of strong economic development, energy transition is an important task for Vietnam and an essential factor in ensuring energy security, protecting the environment, and promoting sustainable socio-economic development.

Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan had a working session with the European Union delegation to Vietnam and the British Embassy in Hanoi on October 3 to discuss the implementation of the Just Energy Transition Partnership (JETP).

An energy transition seminar on Norwegian-Vietnamese business partnerships opened in Ho Chi Minh on September 13, hosted by the Norwegian Embassy in Vietnam in collaboration with the Oil, Gas and Coal Department under the Ministry of Industry and Trade (MoIT).

US Special Presidential Envoy for Climate John Kerry on November 7 affirmed support to Vietnam in just energy transition and climate change response.

On the sidelines of the ongoing 27th United Nations Climate Change Conference (COP27) in Egypt, Minister of Natural Resources and Environment Tran Hong Ha had a working session on November 6 with President for COP26 Alok Sharma, who represents the United Kingdom, the European Union and the Group of Seven (G7), on the support for Vietnam in energy transition.

A webinar discussing prospects of green hydrogen in low-carbon economy in Vietnam was hosted by the Vietnam Imitative for Energy Transition (VIET) on October 18.

The energy transition brings many opportunities for industries, but it also poses great challenges, particular in fossil fuel extraction and processing, according to industry insiders.

The Australian Government is providing US$50 million (A$80 million) to VinFast to support electric vehicle (EV) uptake in Vietnam and support Vietnam’s energy transition.

Indonesian Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has said the country will use a 20 billion USD investment package to create a sustainable economy for future generations.

Mr. Loui Algren, Long-term Advisor of the Denmark-Vietnam Energy Partnership Program, shared his ideas about the most profound lessons from Denmark, how they can be applied in Vietnam, as well as some DEPP's activities to assist the Vietnamese green transition.

The 3rd Energy Security Dialogue has an important message for both Vietnam and the US. It is an appropriate time for Vietnam and the US to update each other on the national energy development plan according to appropriate energy transition orientations, in line with the global climate change mitigation trend.

Over the years, Vietnam has shown a strong determination in exploiting and using renewable energy with a long-term vision of a sustainable energy transition.

Vietnam needs to carry out fiscal policies and regulations to promote and improve capacity in renewable energy and energy efficiency, heard the virtual Just Transition Forum in Asia 2021 (JTFA 2021) on September 8.

As one of the fastest-growing economies in Southeast Asia, Vietnam has demonstrated its seriousness in pursuing the green energy transition especially when it comes to embracing solar power.

Japan on Monday pledged to offer $10 billion financial aid for decarbonisation projects in Asia, such as renewable energy, energy-saving and conversion to gas-fired power generation from coal-fired power to help with an energy transition.

Despite the economic disruption caused by COVID-19, global spending on the transition to a low carbon economy hit a record $501.3 billion in 2020, up 9% on the previous year.