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Vietnam steel industry aims to be carbon neutral by 2050

Vietnam's steel industry has begun to shift to a greener production model, aiming to be carbon neutral by 2050.

Vietnam steel industry aims to be carbon neutral by 2050

Some steel mills in Vietnam have started generating electricity from excess heat in their factories, aiming to reduce negative environmental impacts and increase energy utilisation.

The Vietnamese government has launched an action plan to realise the goal of carbon neutrality for the industrial and commercial sectors by 2030, with the vision of achieving the country's net zero emissions target by 2050, as committed at the 26th United Nations Conference of the Parties on Climate Change (COP26) in Glasgow, UK.

In Vietnam, which ranks 13th among the largest crude steel producers and leads ASEAN in both production and consumption of steel products, steel is a major contributor to the country's carbon emissions and a major consumer of fossil fuels.

The sector accounts for 7 to 9 per cent of Vietnam's total carbon emissions.

Ma Khai Hien, Director of the Energy Conservation Research and Development Centre, said that with the average rate of greenhouse gas emissions about 23 per cent higher than the world average, steelmaking enterprises in Vietnam will face challenges in reducing emissions.


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