News
Vietnam capable of earning US$200 mln per year from carbon credit trade
Vietnam is capable of selling some 40 million carbon credits for a revenue of US$200 million annually, the Department of Forestry has calculated.It said the country has freshly signed an emissions reduction purchase agreement with Emergent, a non-profit intermediary engaging between tropical forest countries and ...
Agriculture ministry wants to sell 5.9 million tons more of carbon dioxide
The Ministry of Agriculture and Rural Development (MARD) has reported to the government about the signing of documents on transferring 10.3 million tons of CO2 to the World Bank which will bring turnover of VND1.25 trillion.In the report to the Prime Minister on the implementation ...
Tam An
Measures to promote carbon trading platform in Vietnam
After the European Union (EU), the US will be the next to take its climate fight globally with the proposal of the Clean Competition Act, which, if passed, would impose border-adjusted carbon tariffs on its carbon-intensive imports.Nguyen Vo Truong An, Deputy director of the Carbon ...
EU's Carbon Border Adjustment Mechanism brings both challenges, opportunities
The European Union (EU)’s Carbon Border Adjustment Mechanism (CBAM) transition period will begin on October 1, 2023, and from 2026 this program is expected to become permanent.According to the mechanism, businesses have to report the amount of greenhouse gases in their imported goods, if this ...
Translated by Hong Son
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, ...
Matters of the carbon market development for rice production concerned
A workshop titled “Multi-side dialogue on the carbon market for the agriculture sector” was held in Can Tho City this morning. The event was hosted by the International Rice Research Institute, the Institute of Policy and Strategy for Agriculture and Rural Development and the Department ...
Vietnam considers domestic carbon credit exchange to enhance efficiency in green transactions
In light of Vietnam’s projected generation of approximately 10.8 million voluntary carbon credits annually, there is a growing demand for efficient exchange and purchase mechanisms, prompting active discussions about the establishment of a domestic carbon credit exchange.In line with the goal of reaching Net Zero ...
Vietnam can earn US$200 million from selling forest carbon credit certificates
Vietnam is expected to collect US$200 million from selling certificates of forest carbon credits. Vietnam has piloted selling 10.3 million certificates of forest carbon credits, earning US$51.5 million. The Ministry of Agriculture and Rural Development is studying to legalize it so that more localities can ...
By Van Phuc – Translated
Vietnam will run carbon trade exchange in 2028
Vietnam will officially run a carbon trade exchange in 2028, according to a draft project on the development of a carbon market in Vietnam conducted by the Ministry of Natural Resources and Environment. According to the draft, Vietnam will pilot the operation of this carbon ...
Carbon credits take root in agriculture sector
Carbon credits are gaining traction in the agriculture sector as an instrument to promote sustainable farming practices and improve farmer income. The World Bank would raise $40 million between 2023-2024 and $60 million between 2025-2026 to pay for the carbon credits generated by the one million ...
