Renewables not enough? Cut demand to meet net zero, says energy management specialist

AS VIETNAM’S green energy transition is being slowed down by supply-side factors, some renewable energy players are looking at demand-side moves to help their clients meet net zero targets.

It has been “interesting” to see how solar power developers, for instance, are reaching out to Singapore-based Barghest Building Performance (BBP), said chief executive Hoe Boon Chye.

“(For) a lot of these renewable energy generation companies, their clients have put up very aggressive targets for their own company, and there’s only so much renewable energy can do. Most of the time, renewable energy can deliver up to 70 to 80 per cent of a company’s net zero target,” he said. “(For) the rest, typically, companies will have to buy carbon credits.”