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Vietnam on road to development of carbon market | Environment

Friday, November 13, 2020 17:23
Hanoi (VNA) - The Ministry of Natural Resources and Environment, in coordination with the World Bank, held a Final Workshop for the “Vietnam Partnership for Market Readiness” project in Hanoi on December 29. After 5 years of implementation, up to now, the project has made basic preparations, paving the way for the formulation of carbon market policies.
Chairs of the workshop
The project “
Vietnam Partnership for Market Readiness” (referred to as VN-PMR Project) was started in 2015, funded by the World Bank with the participation of Ministry of Planning and Investment, Ministry of Finance, Ministry of Industry and Trade, Ministry of Construction. Within the framework of VN-PMR project, there have been many in-depth studies to propose carbon market policies and tools, including crediting mechanism, emission trading scheme (ETS), carbon tax/fee and green certificate. These are carbon pricing instruments that are market-based a ....

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