EU's carbon tax regime enters transitional phase

The EU’s effort to cut carbon emissions globally is going into high gear as the bloc’s Carbon Border Adjustment Mechanism (CBAM) entered its transitional phase on October 1.As of October 1, the EU’s trading partners will have to report greenhouse gas (GHG) emissions embedded in ...

Vietnam gets US$41.2 million in emission reduction payments

Vietnam has received US$41.2 million, equivalent to 80 percent of the total funding, from the World Bank for 10.3 million tons of CO2 as a result of its efforts to reduce carbon emissions in deforestation and forest degradation until 2025.Vietnam has made strong commitments to the international ...

Workshop talks restoration of flooded areas in Mekong Delta

A workshop on launching a project to take nature-based solutions for the restoration of flooded areas and natural processes in the Mekong Delta took place in An Giang province on September 15.At the event, a WWF Vietnam representative said they will conduct studies and propose nature-based solutions for the ...

Vietnam to introduce criteria for national green development

Vietnam is soon to introduce a new set of national criteria aimed specifically at speeding the development of green industries in line with international standards, according to the Ministry of Planning and Investment (MPI). The new criteria would serve as a foundation for governmental ministries, ...

IFC commits investment of nearly $1.9bn for Vietnam

The total commitments of the International Finance Corporation (IFC), a member of the World Bank Group, in Vietnam reached nearly US$1.9 billion for the fiscal year 2023, including $520 million earmarked in long-term finance. IFC’s investment and advisory programs addressed core challenges for Vietnam, including ...

Mekong Delta carefully coping with El Nino

The Mekong Delta is entering the flooding season with 1m of water lower than this time in other years. This signals grave challenges brought by El Nino and asks for practical solutions to fight against unpredictable weather in the near future.The National Center for Hydrometeorological ...

Forest carbon credits and people's expectations

Government Decree No. 107/2022/ND-CP, issued on December 28, 2022, on pilot transfer of emission reduction results and financial management of agreement on payment of GHG emission reduction in the North Central region, is the first decree to help create a process for the exchange, transfer, ...

Expert explains cause of landslides, advises on prevention measures

Dozens of landslides have occurred across the country since June, with some causing severe consequences and human losses. Associate Professor, Dr Tran Tan Van, former Director of the Vietnam Institute of Geosciences and Mineral Resources under the Ministry of Natural Resources and Environment (MoNRE), spoke ...

Vietnam issues ISO standards to realise net zero commitments

The Directorate for Standards, Metrology and Quality under the Ministry of Science and Technology has issued International Standardisation Organisation (ISO) standards regarding climate change adaption. The standards named TCVN ISO 14090:2020 contain principles, requirements and guidelines to instruct organizations and sectors to adapt to climate ...

Second phase of low-carbon projects benefit communities in Vietnam

UK Minister of State for Energy Security and Net Zero Graham Stuart has just introduced the second phase of the Climate Finance Accelerator (CFA) program at a launch event in Ho Chi Minh City on August 2 with the presence of alumni from the CFA’s ...

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