Localities expand activities to develop carbon credit market
Localities across the country are undertaking activities to develop the carbon credit market. The development of the carbon credit market is considered a concrete step towards policies on reducing greenhouse gas emissions, allocating emission quotas, carbon credit trading and creating green financial resources for Việt Nam.
On January 7, 2022, the Government issued Decree 06/2022/NĐ-CP on mitigating greenhouse gas emissions and protecting the ozone layer. However, to response to current situations, the draft decree proposes amending and supplementing certain provisions of Decree 06/2022/NĐ-CP, suggesting amendments to Article 17 regarding the development roadmap and the timing of launching the domestic carbon market. The draft decree also proposes adding provisions on the responsibilities of relevant units in managing and operating a unified exchange consistent with the contents of the Carbon Market Development Project in Việt Nam.
