{"id":5126,"date":"2023-03-25T17:32:59","date_gmt":"2023-03-25T10:32:59","guid":{"rendered":"https:\/\/www.nature.org.vn\/en\/?p=5126"},"modified":"2023-11-04T15:26:41","modified_gmt":"2023-11-04T08:26:41","slug":"policy-review-33-carbon-market-vietnams-potentials-and-prospects","status":"publish","type":"post","link":"https:\/\/www.nature.org.vn\/en\/policy-review-33-carbon-market-vietnams-potentials-and-prospects\/","title":{"rendered":"Policy Review 33: Carbon Market \u2013 Vietnam&#8217;s Potentials and Prospects"},"content":{"rendered":"<p>Vietnam has actively prepared for the formation and development of the domestic carbon market, aiming to integrate with the region and the world market.\u00a0<\/p>\n<p>On January 7, 2022, the Government issued Decree 06\/2022\/ND-CP regulating the mitigation of GHG emissions and the protection of the ozone layer. Accordingly, by the end of 2027, Vietnam will build regulatory systems and policies to create and pilot a carbon credit market. Vietnam aims to operate a carbon credit exchange in 2028 officially.<\/p>\n<p>Vietnam&#8217;s forest carbon market has the potential to bring significant benefits, not only for the goal of reducing emissions but also contributing to socio-economic development for more than 25 million people whose livelihoods are dependent on forests. With a total forest area of about 14.7 million hectares and forest coverage of 42%, it is estimated that Vietnam&#8217;s forests absorb an average of 69.8 million tons of carbon (CO2) each year. Through the carbon market, forests can provide a significant source of revenue for management, protection, and income enhancement for forest-dependent communities.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-5127\" src=\"https:\/\/www.nature.org.vn\/en\/wp-content\/uploads\/2023\/07\/250323_BTCs23.jpeg\" alt=\"\" width=\"715\" height=\"1012\" srcset=\"https:\/\/www.nature.org.vn\/en\/wp-content\/uploads\/2023\/07\/250323_BTCs23.jpeg 715w, https:\/\/www.nature.org.vn\/en\/wp-content\/uploads\/2023\/07\/250323_BTCs23-212x300.jpeg 212w, https:\/\/www.nature.org.vn\/en\/wp-content\/uploads\/2023\/07\/250323_BTCs23-106x150.jpeg 106w\" sizes=\"auto, (max-width: 715px) 100vw, 715px\" \/><\/p>\n<p>PanNature&#8217;s Policy Review 33 discusses various aspects of developing a carbon market in Vietnam, including a forest carbon market. The policy discussions and recommendations are expected to contribute meaningfully to the process of building a carbon market in Vietnam, opening up new financial resources for emission reduction GHG and contributing to mitigating the impacts of climate change.<\/p>\n<p>Asian Network for Sustainable Agriculture and Bio-Resources (#ANSAB) and the Forest Carbon Partnership Fund (#FCPF) supported PanNature in this publication.<\/p>\n<ul>\n<li><a href=\"http:\/\/chrome-extension:\/\/efaidnbmnnnibpcajpcglclefindmkaj\/https:\/\/nature.org.vn\/vn\/wp-content\/uploads\/2023\/03\/BTCS-33_FINAL.pdf\">Download the full Policy Review in Vietnamese here &gt;&gt; (File PDF, 4.07 MB)<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>This policy review focuses on Vietnam&#8217;s efforts towards establishing a domestic carbon market to reduce greenhouse gas emissions and protect the ozone layer. The potential of Vietnam&#8217;s forest carbon market, with an emphasis on socioeconomic benefits for forest-dependent communities, is also discussed in the context of climate change mitigation strategies.<\/p>\n","protected":false},"author":5,"featured_media":5128,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[46],"post_series":[],"class_list":["post-5126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publications","tag-policy-review","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.nature.org.vn\/en\/wp-json\/wp\/v2\/posts\/5126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nature.org.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nature.org.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nature.org.vn\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nature.org.vn\/en\/wp-json\/wp\/v2\/comments?post=5126"}],"version-history":[{"count":3,"href":"https:\/\/www.nature.org.vn\/en\/wp-json\/wp\/v2\/posts\/5126\/revisions"}],"predecessor-version":[{"id":5343,"href":"https:\/\/www.nature.org.vn\/en\/wp-json\/wp\/v2\/posts\/5126\/revisions\/5343"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nature.org.vn\/en\/wp-json\/wp\/v2\/media\/5128"}],"wp:attachment":[{"href":"https:\/\/www.nature.org.vn\/en\/wp-json\/wp\/v2\/media?parent=5126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nature.org.vn\/en\/wp-json\/wp\/v2\/categories?post=5126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nature.org.vn\/en\/wp-json\/wp\/v2\/tags?post=5126"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/www.nature.org.vn\/en\/wp-json\/wp\/v2\/post_series?post=5126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}