What is the price of Vietnam’s 57 million forest carbon credits?
The forestry alone can bring 57 million carbon credits, or 52 million tons of CO2, which Vietnam could sell to international organizations.
Le Hoang The from The Vos Ecosystem Company said the carbon credit market is a transaction system that buys or sells the rights to greenhouse gas emissions to trading units, organizations, localities and countries.
There are two carbon credit market segments – voluntary and mandatory. The former is set up based on commitments by UNFCCC (United Nations Framework Convention on Climate Change) countries, while the latter on the basis of bilateral/multilateral cooperation. Credit buyers get involved in transactions to satisfy policies on the social environment.
Tam An
