Vietnam needs to establish a specific roadmap for the transition to green energy as well as design and manage the emissions trading system toward the official operation of the carbon market in 2028, according to experts.
Canada’s commitment to support Vietnam’s clean energy transition and goals to achieve net-zero, and its willingness to share its expertise and experiences underscore the depth of collaboration between the two countries, visiting Canadian Minister of Export Promotion, International Trade, and Economic Development Mary Ng said.
Responding to the European Union (EU)’s Carbon Border Adjustment Mechanism (CBAM) will help Vietnamese firms avoid being left behind in the process of developing the sustainable value chain and the green economy, according to experts.
Singapore and Indonesia have signed a memorandum of understanding (MoU) on cooperation in carbon pricing, climate change, and sustainability, Singapore’s National Climate Change Secretariat (NCCS) announced on March 21.
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.
