Coconut garden can yield $25,000 from carbon credit sale
Selling carbon credits is no longer far-fetched for Vietnam. The country earned trillions of dong from selling carbon credits in late 2023. Mekong Delta is not only a rice granary, but also the homeland of coconut trees. All parts of coconut trees, from trunks to leaves and flowers, can be used to create added value products. And farmers can also obtain carbon credits from coconut plantation. Growing coconuts not only brings money from nectar exploitation, but also makes a great contribution to fight against climate change.
It is estimated that every coconut tree, after 10 years of growing, can create the number of carbon credits worth $1 per tree. An expert has estimated that with the existing coconut growing area and the carbon absorption capability of the tree, if Vietnam sells coconut carbon credits at prices equal to forest carbon credits, the country would earn trillions of dong more each year.
Tam An
