VNFOREST: Negotiations on agreements on forest carbon credit sales continue
According to the Vietnam Administration of Forestry (VNFOREST), some localities have been contacted by domestic and international organizations and individuals that have proposed providing the service of absorbing and storing forest carbon (forest carbon service), including measurement, reporting, assessment, distribution and commercialization of forest carbon credits.
However, this is a new business and the legal framework remains incomplete. Therefore, VNFOREST has provided basic information for local agriculture departments to consider and implement plans.
The latest report about the results of the implementation of REDD+ (Reducing Emissions from Deforestation and Forest Degradation) Vietnam showed that in 2014-2018, the emission reduction was 56.7 million tons (including 20.3 million tons from emission reduction and absorption increase -36.4 million tons).
Tam An
