CongThuong – APEC Workshop information about good practice in financing for renewable energy projects held in Hanoi recently showed that: In the developed economies, accounting for about 15% of total renewable energy supply, Meanwhile, in the developed economies, renewable energy industry is still relatively new, very modest proportion of the total energy supply.

The reason is that the majority of developing countries in the APEC region are characterized by a lack of infrastructure, limited resources, especially financial resources. This fact makes the developing members of APEC tends to “lag”, the lack of practical experience and expertise from members of the development process called capital and funding for renewable energy projects, especially in the context of renewable energy sector requires financial and human resources are very large.

With 15 years seniority with the group of experts working in the field of renewable energy in APEC, Dr. Cary Bloyd – Senior Scientific Officer – National Laboratory Pacific Northwest (U.S.) see: In recent years, APEC leaders have been many initiatives and activities aimed at promoting the development of renewable energy and new energy, such as funding seminars, hydrogen initiative, the city model with carbon, low emission, community initiatives the smart energy … In fact, since 1992 there have been 55 renewable energy projects are supporting the Steering Committee – Economic APEC Technical Support capital, completed and put into use. 11 projects are continuing to be implemented in 2012-2013, including energy projects sea (Russia), energy efficiency and renewable energy (Thailand); energy storage projects, the city pattern (China) …

However, effective implementation of the project depends on each country by geographical conditions, the policy calls for investment in each country is different, the bank’s belief in the viability of the project also different. As in New Zealan fact, there are many models of renewable energy by the private business successfully, or in Mexico, meaning the propagation of renewable energy to the local bank …

According to UNDP statistics, from 2008 to now, investments in renewable energy around the world has been a significant growth, about 17%, equivalent to 257 billion dollars (147 billion U.S. dollars for solar energy, $ 84 billion for wind energy, biomass remaining, thermal …)

Agreeing with Dr. Cary Bloyd, Mrs. Anja von Moltke, come from the United Nations Environment Programme (UNEP) said that renewable energy is a competitive environment driven by government policies. Participation in the global chain of renewable energy products, countries must determine, there is no immediate benefit, but significant renewable energy in sustainable development of each country. For example, with creative thinking, interest in investment, renewable energy contributed to structural changes in the Korean economy. Or, as in China, renewable energy has made great progress. The solar panels have been exported to many countries around the world.

Therefore, to call for effective capital, countries need to create an environment for fair competition, with transparent legal system, to facilitate business access to markets, reducing risk of investment. Especially build consensus in developing energy investments with the balance purchase price so reasonable …

As the country has huge potential for renewable energy, but until now, Vietnam’s new renewable energy accounted for 3.7% of the country’s energy supply. According to Nguyen Duc Cuong – Director of the Center for Renewable Energy and Clean Development Mechanism (Energy Institute – Ministry of Industry and Trade): In addition to lack of capital, the consumption of electricity from renewable energy products also have problems tissue by high electricity prices. Therefore, in addition to business support in terms of capital, it is important to answer the question: Who will pay the additional costs of renewable energy?