Vietnam to eliminate subsidy for fossil fuel by 2020Staff writer ▼ | February 11, 2016
Vietnam will off the best possible conditions for businesses to become involved in greenhouse gas emissions and eliminate subsidies for fossil fuel by 2020.
Energy sources Vietnam is encouraging businesses to develop renewable energy
The country is encouraging businesses to develop renewable energy with incentives in solar and wind power generation.
Pham Van Tan, Deputy director of the Hydro-meteorology and Climate Change Department said, “There are many options to reduce greenhouse gases, which will reduce investments and increase effectiveness. Loans from international financial institutions for high-carbon production so businesses involved in this area should be self-supported.” ■