10th Ocean Dialogue Dicusses Offshore Renewable Energy Potential

International scholars shared at the dialogue. Photo: Ministry of Foreign Affairs

The Dialogue stressed the need for more dialogues, experience sharing and cooperation to effectively exploit this energy source.

The event drew the virtual and in-person participation of more than 200 domestic and foreign experts. It was jointly organized by the Diplomatic Academy of Vietnam and Germany’s Konrad Adenauer Stiftung Foundation.

Dr. Nguyen Hung Son, deputy head of the Diplomatic Academy of Vietnam, said: “The participants discussed the role of international law in assuring security for the infrastructure needed to build a renewable power grid. This is a new area with fast-changing technology, so it is essential to increase dialogues and mutual understanding and work together on exploiting new technology for shared benefits.”

Ocean Dialogue is an opportunity for experts to discuss opportunities and challenges in realizing the potential of offshore renewable energy, and how to minimize risks to coastal infrastructure systems, cited VOV.

The Dialogue discusses offshore renewable energy potential (Photo: baoquocte.vn)

In his remarks, Assistant to the Foreign Minister Nguyen Minh Vu expressed optimism about the development of renewable energy in general and wind power in particular.

In the long term, offshore wind power will be cheaper than current fossil fuel-based energy sources, he said, adding that other types of offshore renewable energy are also becoming indispensable elements of the modern, blue economy.

Vietnam is committed to joining the common effort of mankind to promote clean energy, as demonstrated through its commitments at the 26th UN Climate Change Conference of the Parties (COP26) and the Just Energy Transition Partnership (JETP), the official said.

Vietnam is an attractive market for investment in this field and hopes to attract the participation and support of foreign partners through investment, technology, finance and capacity building to realise the goal of building a low-carbon and climate-resilient economy, he went on.

The dialogue, which consisted of four sessions, focused offshore renewable energy and geopolitics; the United Nations Convention on the Law of the Sea (UNCLOS) and offshore renewable energy; regional and international practice on offshore renewable energy; and policy recommendations on offshore renewable energy development in the East Sea (internationally known as South China Sea).

Participants said that while offshore renewable energy plays an increasingly important role in the world and regional economy, it still faces a lot of challenges such as pandemics, conflicts and trade disputes which adversely affect the development of offshore renewable energy in particular and the transition to greener and cleaner energy in general.

They also discussed the legal framework governing the exploitation of offshore renewable energy, particularly wind power, according to VNA.

Giulia Cretti, a research fellow at the EU and Global Affairs Unit of Clingendael – the Netherlands Institute of International Relations, said that the East Sea has abundant offshore wind energy potential.

The region can serve the Association of Southeast Asian Nations (ASEAN) in its ambition to increase the proportion of renewable energy to 23% by 2030, she said.

Some speakers said that transnational cooperation is the “key” to the development of offshore renewable energy in the South China Sea.

They suggested that countries should have policies to encourage the use of new technologies, support infrastructure development, train high-quality human resources and launch appropriate financial support packages for the development of offshore renewable energy in general and offshore wind power in particular, contributing to the region’s efforts to reduce emissions to zero.

Rosie Nguyen

The post 10th Ocean Dialogue Dicusses Offshore Renewable Energy Potential appeared first on Vietexplorer.com.

View more from VietExplorer:

Party Congress expected to open up new development era for Vietnam
Green Tet trade fair
More pristine tourism sites discovered in Binh Thuan
January’s industrial production index rises by 22.2 percent
Hanoi woman runs business producing bags from plastic waste
Workshop series enables young enthusiasts in HCMC to learn about robots
College students gift free porridge for patients in Hue Central Hospital
Saigon’s streets lightened up with Tet decorations
Hanoi: Environment protection message is delivered on the Kitchen God Farewell’s day
Impressive Hoang Su Phi cloudy wallowing in wait for your enjoyment
Winners of Dedication Music Awards 2021 announced
Quan The Am festival in Da Nang listed as national intangible cultural heritage
Tour cancellations to northern region rise as COVID-19 resurges
Give tourists what they want
Four Vietnamese cities among most popular destinations in Asia: TripAdvisor
Vietnamese expats in Laos celebrate traditional Tet
FTA – Driving force for growth in 2021
Plane cancels landing as dog “breaks into” airport
Chung Pua ancient house in Ha Giang: Where time stands still
Daisy blossoms glow Sa Dec village as Tet gets closer