Carbon credit market offers sustainable revenue
There have been positive signs since the Vietnamese Government committed to the goal of Net Zero Carbon Emission in 2050.
Statistics from the Center for People and Nature (under the Vietnam Union of Science and Technology Associations (VUSTA)) reveal that by the end of November 2022, Vietnam had had about 29.4 million carbon credits issued from 276 projects in the framework of the Clean Development Mechanism (CDM) for the mandatory carbon market, mainly in the fields of hydropower, renewable energy, biomass power, and energy efficiency. The voluntary carbon market has been formed with 32 projects, releasing 5.75 million carbon credits in the fields of hydropower, solar power, and wind power.
Translated by Thanh Tam
