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
Carbon tax poses new challenge for VN to boost exports to EU
The EU-Vietnam Free Trade Agreement (EVFTA) is an agreement inclined towards sustainable development. The EU’s CBAM (Carbon Border Adjustment Mechanism) has posed a new challenge for Vietnam’s exports to enter the EU market.CBAM will be valid for the transitional period with an aim to control ...
Luong Bang
Vietnam shows strong political commitment to maximising green energy transition
Green transition in the energy sector is a key trend in the world and is one of Vietnam’s current top priorities. Vietnam is among countries with great potential to invest in new renewable energy sources such as solar, wind and ocean wave power, and biogas.Vietnam’s ...
New solutions reduce GHG emissions from shrimp ponds: Research
New farming solutions have helped reduce greenhouse gas (GHG) emissions by nearly 17% in extensive shrimp farms and nearly 11% in intensive farms, according to a research on monitoring GHG emissions from shrimp farming ponds.The research is part of the “Energy transition and climate change ...
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 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 ...
Ministry issues action plan to reduce methane emissions till 2030
The Ministry of Natural Resources and Environment has issued an action plan to reduce methane emissions till 2030, with six major tasks. The action plan targets methane emissions in cultivation, animal husbandry, solid waste management, waste water treatment, oil and gas exploitation, coal mining and ...
Industry-trade sector aims to reduce greenhouse gas emission by up to 30%
The Ministry of Industry and Trade (MoIT) has issued an action plan on climate change adaptation to 2030, with a vision to 2025, with a goal of reducing the sector’s greenhouse gas emission by 25%-30%.Under the plan, the proportion of renewable energy in the total ...
Carbon market development helps reduce greenhouse gas emissions
By developing and operating the domestic carbon market, Vietnam will effectively reduce carbon emissions. This will happen due to the increase in compatibility with international carbon pricing mechanisms, link with international and regional carbon markets, and increase competition among Vietnamese products, according to experts.Assoc. Prof. ...
