Vietnam to pilot operating carbon trade exchange from 2025
Vietnam plans to set up and pilot the operation of a carbon trade exchange from 2025, according to a new Government decree on greenhouse gas (GHG) emissions and Ozone layer protection.
A carbon credit is a kind of permit that represents one tonne of carbon dioxide removed from the atmosphere (Photo: moit.gov.vn)
Hanoi (VNA) - Vietnam plans to set up and pilot the operation of acarbon trade exchange from 2025, according to a new Government decree on greenhousegas (GHG) emissions and Ozone layer protection.
The document stipulates several articles of theLaw on Environmental Protection, and maps out a roadmap to the domestic carbonmarket foundation and development.
From now until the end of 2027, the country will put forwardregulations on the management of carbon credits, the exchange of GHG emissionquotas and carbon credits, and the operation of a carbon credit exchange.
It will also carry out a pilot mechanism for exchanging and balancingcarbon credits in potential areas, guide the implementation of the domestic andinternational carbon credit exchange and balance mechanisms in accordance withlaws and international conventions to which Vietnam is a signatory.
Activities to raise capacity and awareness of carbon marketdevelopment will be stepped up during this period.
The carbon trade exchange is expected to be putinto official operation in 2028.
A carbon credit is a kind of permit that represents one tonneof carbon dioxide removed from the atmosphere. They can be purchased by anindividual or, more commonly, a company to make up for carbon dioxide emissionsthat come from industrial production, delivery vehicles or travel./.
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A carbon credit is a kind of permit that represents one tonne of carbon dioxide removed from the atmosphere (Photo: moit.gov.vn) 
