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 the private sector to mobilise finance to support emissions reductions in deforestation.
Accordingly, Vietnam is set to transfer to the forest financing organization 5.15 million tons of carbon dioxide that cost at least US$10 per ton in the 2022-2026 period.
