Technology innovation – decisive factor in developing green economy

Technology innovation constitutes a decisive factor for the development of green economy that promotes low carbon use, efficient use of resources and social inclusion.
Technology innovation constitutes a decisive factor for the developmentof green economy that promotes low carbon use, efficient use ofresources and social inclusion.

Many countriesaround the world, including Vietnam, are moving towards greeneconomy for improved human well-being and reduction of environmentalrisks and ecological scarcities.

The new developmentpath will be the mainstay for sustainable poverty alleviation, DeputyMinister of Natural Resources and Environment Nguyen Thai Lai said at aforum held in Hanoi on June 4.

He highlightedthe national green growth strategy that aims for wider application ofadvanced technology to enhance energy and resource efficiency andmitigate greenhouse gas emissions.

Environmentally-friendly technology is crucial to ensuring economicgrowth and sustainable development and reducing dependence on fossilfuels, he said, adding that businesses should enhance their capacity andcompetitiveness in the field.

The nationalsocio-economic development strategy from 2011-2020 also underlines theimportance of integrating socio-economic development with environmentalprotection and climate change adaptation.

Directorof the Vietnam Institute of Economics Tran Dinh Thien cited out-of-datetechnology, poor competitiveness, low labour productivity and financialshortages as difficulties facing Vietnamese businesses.

Though a legal framework promoting technology innovation has beensteadily crafted, the current policies have yet to be brought to life,said Deputy Director of the Institute of Strategy and Policy onNatural Resources and Environment Nguyen The Chinh.

He suggested enhancing business awareness of technology innovation andbuilding human resources training programmes to promote the applicationof environmentally-friendly technologies.

He also recommended supporting businesses with technological transfers and improving policies on technology innovation.

Vu Dinh Anh from the institute said investment for the field could besought from different sources such as the State budget, business bondsand bank credits.-VNA

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