Global Policies Driving Renewable Energy Adoption

As climate change intensifies and emission-reduction pressures become mandatory, renewable energy has emerged as a strategic priority for many nations. However, the transition to clean energy cannot progress without strong policy foundations from governments. This is why countries worldwide are continuously introducing support programs, regulations, and national targets to accelerate the shift toward sustainable energy systems.

As a pioneer in the Energy Efficiency as a Service (EEaaS) model in Vietnam, Veep not only tracks global policy trends but also transforms them into practical, localized solutions that help businesses optimize costs, reduce emissions, and enhance operational performance.

1. Renewable Energy Policies and Support Mechanisms

1.1. Financial Incentives and Tax Benefits

Many countries rely on financial support schemes and tax incentives to stimulate investment in renewable energy. Common instruments include:

• Direct subsidies: Government grants to reduce initial investment costs, especially for solar systems for households and SMEs.

• Tax incentives: Tax exemptions and reductions for clean-tech investments, enabling faster payback periods.

Impact on businesses: Lower CAPEX and improved access to modern technologies.

Veep’s role: Under the EEaaS model, Veep enables businesses to deploy high-efficiency technologies with zero upfront investment, similar to how global governments support companies through CAPEX-offset mechanisms.

1.2. Energy Standards and Regulatory Frameworks

Governments worldwide have introduced standards to enhance efficiency and reduce emissions:

• Building performance standards: Requirements for new buildings to be energy-efficient and equipped with renewable energy (e.g., the U.S. LEED standard).

• Renewable Portfolio Standards (RPS): Utilities must ensure a minimum percentage of their electricity comes from renewable sources.

Veep’s role: Veep supports enterprises in meeting international green-operation standards through energy-management solutions, IoT technology, and optimized electricity consumption.

1.3. Auction Mechanisms & Renewable Energy Certificates

Many countries leverage market-based mechanisms to promote competition and reduce renewable-energy costs:

• Renewable energy auctions: Developers compete to offer clean electricity at the lowest price.

• Renewable Energy Certificates (RECs): Instruments that allow businesses to buy and sell renewable-generation attributes.

Veep’s role: With transparent measurement, analytics, and reporting capabilities, Veep helps businesses prepare for future carbon and REC markets.

2. National Commitments and Global Goals

2.1. National Commitments

Major economies are making ambitious moves:

• European Union: The Green Deal targets Net Zero by 2050, with renewable energy accounting for at least 32% by 2030.

• United States: Rejoined the Paris Agreement, targets Net Zero by 2050, and expands tax credits for solar and wind.

• China: Aims to peak emissions in 2030 and reach Net Zero by 2060, with clean energy projected to supply around 50% of total generation.

These commitments are driving massive investment and applying transformation pressure across global supply chains.

Veep’s role: Veep empowers Vietnamese enterprises to align with international standards through energy-saving solutions, CO₂e reduction, and smart operational upgrades.

2.2. Key International Agreements

• Paris Agreement: Encourages emission reductions and expanded renewable-energy adoption to keep global warming below 1.5°C.

• IRENA: Provides research, technology, and policy support to help nations scale renewable energy.

Veep’s alignment: Veep applies data-driven energy analytics to support businesses in meeting greenhouse-gas reporting requirements aligned with global commitments.

3. Future Trends in Renewable Energy Policy

Future energy policies will continue to focus on:

• Increased R&D investment in new technologies to make renewable energy cheaper and more efficient.

• Strengthened international cooperation on technology and green financing.

• Integration of renewable energy into urban planning and infrastructure to build sustainable energy ecosystems.

Veep’s vision: Beyond EEaaS, Veep is developing advanced IoT and Energy Analytics platforms that enable businesses to adopt modern energy models aligned with Net Zero goals over the next 5–10 years.

Global policies are paving the way for a new era of smart, green energy. This transition is not just a trend—it is a mandatory requirement for every business aiming to remain competitive.

Veep is committed to supporting Vietnamese enterprises throughout their energy-transition journey through solutions such as:

• Energy Efficiency as a Service (EEaaS)

• Energy optimization & operational cost reduction

• CO₂e measurement – analytics – reporting

• IoT – AI technologies for buildings and retail chains