Carbon pricing helps improve Vietnam’s image internationally: Foreign media
After basically containing the spread of COVID-19, Vietnam is becoming the first developing country to adopt carbon pricing in the post-pandemic period to help guide a cleaner recovery, the site eastasiaforum.org reported in an article on November 19.
Sydney (VNA) – After basicallycontaining the spread of COVID-19, Vietnam is becoming the first developingcountry to adopt carbon pricing in the post-pandemic period to help guide acleaner recovery, the site eastasiaforum.org reported in an article onNovember 19.
On 17 November, Vietnam’s National Assembly passed the revised Law on Environmental Protection legalising an emission trading scheme, it said,noting that the law will take effect on 1 January 2022.
The policy is expected to strengthen Vietnam’s commitment togreenhouse gas emission reductions under the Paris Agreement on climate change.It paves the way for the country to further tap its significant renewable energy potential, and switch to a low-carbon development model in thepost-COVID-19 recovery era.
The law stipulatesthat the Government will establish a carbon emission trading scheme that suitsthe local context and complies with international climate change treaties.Details such as targets, timelines and regulated industries will be specifiedlater in a government decree, the site said.
The law also legalises enabling policies such as national greenhouse gasemission inventories, and the monitoring, reporting and verification ofemissions, it added.
According to the article, by adopting carbon pricing, Vietnam will strengthenits position to reap additional benefits from free trade withthe European Union (EU). Carbon pricing has the potential to improve Vietnam’simage internationally, as well as contribute to reducing climate change impactsand environmental pressures.
Vietnam is highly vulnerable to climate change. Extreme weather events are intensifying and becoming more frequent.Rising sea levels risk inundating important economic zones in coastal areas,potentially displacing millions of Vietnamese people.
Carbon pricing is a policy instrument that places a cost on greenhouse gases.With a carbon price in place, a market-based economy will have an incentive tosteer itself in a low-emission direction.
By mid-2020, 61 carbon pricing initiatives hadbeen implemented or scheduled for implementation worldwide. Before Vietnam, ahandful of developing countries had adopted carbon pricing, including China,South Africa and Kazakhstan.
Vietnam’s adoption of carbon pricing willhopefully encourage other countries to commit to reducing greenhouse gases. Thepost-COVID-19 period is an ideal time to adopt a carbon price, setting foundationsfor a green recovery./.
Minister of Natural Resources and Environment Tran Hong Ha has promised that Vietnam will successfully implement commitments in greenhouse gas (GHG) emission reduction and climate change mitigation.
Vietnam, as one of the most vulnerable countries to climate change, is set to develop a roadmap to implement market-based carbon pricing tools as part of its effort to reduce greenhouse gas (GHG) emissions.
Mariam Sherman, World Bank Country Director for Vietnam, Laos, and Cambodia, said the World Bank remains committed to working with the Vietnamese government to develop the next phase of climate resilience and transformation for the Mekong Delta.
Under the directive, the PM instructed relevant agencies to regularly inspect, supervise and proactively implement disaster prevention, response and rescue measures in line with their assigned roles and mandates, ensuring readiness, avoiding passivity or delays, and maintaining operational continuity amid ongoing political and administrative restructuring at levels.
According to Dr. Vu Anh Tuan, Deputy Director General of the Vietnam Space Centre and head of the project, this is the first study in Vietnam to simultaneously employ Sentinel-2 satellite data, advanced machine learning algorithms, and the Google Earth Engine (GEE) cloud computing platform to model and monitor key seawater quality parameters.
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The figures were highlighted in a Pre-Feasibility Study on a DRS tailored for single-use beverage packaging in Vietnam, conducted by Eunomia Research & Consulting.
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Vietnam's economic losses from natural disasters are estimated to account for 1 to 1.5% of GDP annually - a steep price that will continue to rise unless the country takes strong action.
Wutip, the first storm in the East Sea so far this year, has wreaked havoc across central Vietnam, claiming lives, displacing residents, and causing widespread damage to houses, crops, and infrastructure, the Department of Dyke Management and Disaster Prevention and Control reported as of 6:30 pm on June 13.
The tremor occurred at 7:39:46 am (Hanoi time), with the epicentre located at latitude 14.924°N and longitude 108.236°E, at a depth of approximately 8.1 kilometres. The natural disaster risk level was classified as 0 – the lowest on the scale.
Addressing a session on “Accelerating Financing for Resilience: Tailored Solutions for Disaster Risk Reduction,” Deputy Minister Hiep emphasised Vietnam's proposal in building sustainable financing in response to natural disasters, which aligns with the Sendai Framework for Disaster Risk Reduction's goals.
Vietnam has demonstrated its strong commitments by participating in global sustainable development forums, signing multiple free trade agreements, and attracting support from international partners for the implementation of the SDGs.
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Lang Son Global Geopark, with its outstanding geological values, cultural heritage, and unique natural landscapes, represents a valuable addition to UNESCO’s global geoparks system.
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This year’s World Oceans Day on June 8 is themed 'Wonderful Oceans: Sustaining What Sustains Us', while World Environment Day is on June 5 with the theme: 'Beat Plastic Pollution'.
According to Director of the provincial Department of Agriculture and Environment Le Huu Toan, a fire prevention and control plan has been in place since the dry season began, including round-the-clock patrols and rapid-response teams to snuff out fires before they could spread.
Renowned artists including Ha Anh Tuan, Den Vau, and Phan Manh Quynh, along with many directors and attendees, took part in planting hundreds of rare tree species such as mun (Diospyros mun) and cho chi (Parashorea chinensis) in the Thung Bong area of the Cuc Phuong National Park, contributing to forest ecosystem restoration.
Illustrative image (Photo: //www.eastasiaforum.org/) 
