WB Provides Vietnam City with Urban Energy Solution

The World Bank (WB) has provided Vietnam’s central city of Danang with Trace software to help the city raise the efficiency of energy use in urban areas. The move is part of the Global Initiative program launched by the WB three years ago in an effort to support cities worldwide to use energy in a sustainable way. The solution will provide an overview on the efficiency of energy use as well as calculate the levels of impact on the environment caused by energy consumption, said Ranjan Bose, a senior energy expert from the WB. The world’s largest development bank will hold a training course on Trace software know-how for 15 key officials in the city on April 25. It also pledged to call for foreign investment in energy projects to help Danang improve energy efficiency. Vietnam is estimated to squander around $1 million worth of energy each day due to inefficient energy use and it is able to slash between 10% and 20% of its energy demand, equivalent to $8 billion, if it applies efficient energy saving methods. (vneconomy.vn Apr 19)