Vietnam eats forests by planting large timber forests to sell carbon credits
In the story ‘We Have Eaten The Forest’ of a Montagnard village in the Central Highlands of Vietnam, ethnologist Georges Condominas tells about the ancient way of ‘eating the forest’, which is to preserve the forest culturally. Nowadays, the descendants of characters in the story have a new way to continue eating forests by selling carbon credits from planting large timber forests in a fundamental and sustainable way.
From the Government’s Decree No. 107/2022/ND-CP on piloting the transfer of carbon credits earned from the reduction of global greenhouse gas emissions to help one or more countries meet climate targets and financial management of agreements in the North Central region, the Ministry of Agriculture and Rural Development has transferred 10.2 million tons of CO2 in the North Central region to the International Bank for Reconstruction and Development (IBRD). From there, the National Fund for Forest Protection and Development will receive US$51.5 million from the Carbon Fund through IBRD, then coordinate nearly $50 million to localities according to the present regulations.
People believe that they can make money from protecting sustainable forests in the near future. This sustainable way not only brings high income but also contributes to forest conservation. The indigenous culture of each village is passed on to descendants for a long time.
