Analysis on Energy Cost of LCET-CN based on ERIA Energy Outlook Models 2024

Table of Contents

• BAU= business as usual, CCS = carbon capture and storage, COP26 =26th Session of the Conference of Parties, GHG = greenhouse gas, MOIT = Ministry of Industry and Trade, NDC = nationally determined contribution, PV = photovoltaic. 2
• 2. Analysis of LCET–CN Results 2
• During 2019–2050, the industry sector is expected to remain the largest consumer of energy in Viet Nam. However, its share of energy consumption will increase from 54.0% in 2019 to 56.2% in 2020, before slightly declining to 54.6% in 2050. Meanwhile, ... 4
• In 1990, other fuels – mainly biomass – had the highest consumption rate, accounting for 73.9% of the TFEC. However, this share decreased dramatically to 8.3% in 2019. Oil was the second most consumed product, making up 14.5% of the TFEC in 1990 and i... 4
• On a per fuel basis under the LCET–CN scenario, other fuels (mainly biomass) are projected to exhibit the fastest growth in final energy consumption, increasing at 4.5% per year between 2019 and 2050. Electricity was the second-highest growth rate of ... 4
• 2.2. Total Primary Energy Supply 5
• 2.3. Power Generation 6
• 2.4. Carbon Dioxide Emissions 7