Carbon market development project approved
Under Prime Ministerial Decision No 232/QD-TTg, signed by Deputy Prime Minister Tran Hong Ha, a project on the establishment and development of Vietnam’s carbon market has been approved. Its primary goal is to develop a carbon market in Vietnam to help meet greenhouse gas (GHG) emission reduction targets set in the Nationally Determined Contributions (NDC), while minimizing costs for businesses and society. The project aims to accelerate the development of a low-carbon economy and address climate change, working toward the goal of achieving net-zero emissions by 2050.
Under the project, key tasks include developing the carbon market’s commodities, registering participants, creating a national registry and carbon trading platform, organizing market operations, and enhancing awareness and capacity building.
Vân Nguyễn
