The Vietnam News Agency interviews Phạm Ngọc Nhàn, PhD, at Trà Vinh University Department of Economics and Development, about the advantages and expectations for the country''s carbon exchange.
According to the Ministry of Natural Resources and Environment, about 70 countries and territories in the world already have a carbon market, which currently controls about 11 billion tonnes of carbon, equivalent to 20 per cent of global emissions.
Việt Nam will operate its carbon credit market on a trial basis during 2025-2028 without any sales to foreigners as well as regulations on credit exchanges with regional and global markets, heard a meeting in Hà Nội on October 7.
Prime Minister Nguyen Tan Dung has approved a project worth US$3.6
million to help Viet Nam to build its own carbon market following an
application from the Ministry of Planning and Investment.