Halsey, R. (2025, August 12). How state-owned power companies are impacting the energy transition in emerging economies. International Institute for Sustainable Development. https://www.iisd.org/articles/insight/state-owned-power-companies-energy-transition-emerging-economies

This article discusses the new innovations in sustainable development along with factors that come into play when considering the implementation of such innovations. It talks about global development including South Africa and Viet Nam. It discusses the financial shortcomings as reliance needs on funding is usually unmet, or at least not reached to its desired amount. The topic of conflicting interests also arises, meaning that individuals with different personal motives can influence the development of sustainable practices. The article also talks about governmental role and international coordination concerns, addressing political resistance which arise for various reasons. State owned power countries are also said to have a crucial role in the development of sustainability practices.

The financial aspect of sustainable development is an overlooked factor that determines the success of the industry. Without proper financing for the costly development of sustainable manufacturing, great inventions could be prevented from coming into existence and becoming available. The article’s highlight of conflicting interests brings an important discussion relating to the implications of the actual follow through in implementation sustainability systems. Namely, when people have different personal motives, including financial or social, they could override the process of implementation. An example includes someone who creates large personal financial gain from the use of fossil fuels. This can be directly explained from someone in the field of coal mining companies. They benefit financially from the process of coal mining because it provides them with work, employment, and a paycheck. This means that they would prefer to keep the coal mining industry in fear that they would lose their job. While not directly influential as an employee, the principle conflict of interest raises larger issues of communities from.

On the other hand, it is revealed in this article that Viet Nam has undergone rapid growth in the clean energy sector. This demonstrates the worldwide acknowledgement of issues involving carbon footprint and unsustainable energy methods. The global acknowledgement of this issue is certainly beneficial to creating a more sustainable society worldwide.