OFFSHORE WIND ENERGY FOR SUSTAINABLE MARINE ECONOMIC DEVELOPMENT IN THE CONTEXT OF CLIMATE CHANGE
DOI:
https://doi.org/10.51453/2354-1431/2020/434Keywords:
offshore wind energy, marine economic development, climate change, SWOT analysis, Vietnam.Abstract
This research evaluates Vietnam’s preparedness for its offshore wind energy program using the SWOT analytical method. The research found out that Vietnam has a lot of strengths and opportunities that makes an investment in offshore wind energy an economically viable option in the context of climate change. Despite the country’s effort towards meeting the requirements for the licensing and contracting of the facility, there are still some important loopholes which could delay the process. Issues such as policy and plan, infrastructure systems, high-tech human resources, territorial sovereignty and national security are threats to the smooth implementation and operation of a offshore wind power plant. The research therefore recommended to the government of Vietnam to pay critical attention to these loopholes. Also, a particular weakness was looked at which is financing and provided some funding options for its development. Vietnam should complete the plan for offshore wind energy and develop appropriate policies and mechanisms to attract investors.
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