Another blow for coal as Vietnam signals retreat

• January 25, 2016
Vietnam - coal

Creative Commons: Chris Lewis, 2008

In yet another blow for the global coal industry, Vietnam has signalled its retreat from this dirty energy source.

In a statement, Prime Minister Nguyễn Tấn Dũng said his government would review plans for new coal power plants, saying it will instead look to gas and renewables to power its electricity grid.

The latest news comes during an increasingly bleak period for the global coal industry, which has seen China announce huge mine closures, Indian coal imports and US coal production fall and more major coal players file for bankruptcy.

Key Points

  • Smart governments are moving away from coal. As governments’ pledge to end the fossil fuel era is translated into “implementation and action,” increasing renewables is the best hope of putting the “Paris climate goals within reach,” marking an increasingly bleak outlook for coal. Vietnam follows in the footsteps of a host of other governments including China, the US and the UK all taking steps to move away from the dirty energy source.
  • Betting on renewables, over coal, makes both economic and climate sense. Investment in renewables, and renewable energy’s market share, are bounding upwards, making countries wealthier and healthier. This leaves those governments continuing to cling to dirty coal with nowhere to hide as they find themselves facing the consequences of their dirty choices that increase damage to their economy, health and communities.

Find more resources for this story here >>

Comments (0)

Trackback URL | Comments RSS Feed

There are no comments yet. Why not be the first to speak your mind.

Comments are closed.

About the Author

TckTckTck is the online hub for the Global Call for Climate Action. The GCCA represents an unprecedented alliance of more than 400 nonprofit organizations from around the world. Our shared mission is to mobilize civil society and galvanize public support to ensure a safe climate future for people and nature, to promote the low-carbon transition of our economies, and to accelerate the adaptation efforts in communities already affected by climate change.

View Author Profile