Posted by UlarSawa > 2023-07-27 10:05 |

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Posted by UlarSawa > 2023-07-27 10:31 | Report Abuse

Vietnam’s Carbon Market: Progress Report
March 30, 2023
Posted by Vietnam Briefing
Written by Binh Truong
Reading Time: 5 minutes
Vietnam is making significant progress towards creating a carbon trading market, aiming to fulfill its COP26 commitments to reduce emissions and leverage the economic benefits associated with carbon markets. Here’s an overview of Vietnam’s efforts in establishing its own market.

During COP26, Vietnam made a commitment to attain net-zero carbon emissions by 2050, with a carbon market being touted as one of the most efficient strategies to achieve this objective.

Carbon markets raise the cost of carbon emissions, resulting in increased business expenses. This should motivate companies to reduce their environmental impact to improve bottom-line growth.

Further, carbon trading can generate economic advantages for the national economy. The global carbon credits market exceeded US$909 billion last year, with permits exchanged for 12.5 billion tons of carbon.

Yet, despite the potential financial gains from carbon trading, only the province of Quang Nam in Vietnam has so far pursued this opportunity.

This may be about to change, as the push to develop a domestic carbon market starts to get traction.

Vietnam’s carbon credit market plan

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From 2015 to 2020, Vietnam was a part of the Partnership for Market Readiness (PMR). This was a program supported by the World Bank and designed to help establish legal frameworks and pilot markets for carbon that could be integrated with international carbon markets.
This was followed, on December 21, 2021, by Decision No.2157/QD-TTg, which established a National Steering Committee charged with ensuring that Vietnam meets the commitment it made at COP26. This marked Vietnam’s first legislated step toward realizing its ambitious goal.

This was further supplemented by Decision No. 01/2022/QD-TTg, which mandated a list of sectors and facilities that must conduct greenhouse gas inventories, including energy, transportation, construction, industrial processes, and agriculture-forestry.

Most recently, Decree 06/2022/ND-CP dated January 7, 2022 provided clear regulations for the development of Vietnam’s carbon market. It specifies two key periods:

2023-2027: Developing regulations on carbon credit management, quota exchange activities and carbon credit; developing regulations on the operation of carbon credit trading floors; piloting implementation of the mechanism of exchange and clearing of carbon credit from 2025.
2028: Officially operating a carbon credit trading floor; connecting the domestic carbon market with others in Asia and the global market.
Thus, from 2028, if factories and businesses cannot reduce their carbon output, they will have to purchase carbon credits to offset their emissions. Failure to do so may see those firms hit with administrative fines.

Posted by UlarSawa > 2023-07-27 10:32 | Report Abuse

https://www.vietnam-briefing.com/news/vietnams-carbon-market-2023.html/

Posted by Windy1974 > 2023-07-27 10:36 | Report Abuse

Let me be your fake technical analyst for the day. Jaks has seen huge volumes since 20/7. If volume persists and closed above 0.21, then the next target is 0.24. If 0.24 breaks, Jaks upward momentum would be confirmed.
I am a billionaire and my hobby is to help people make more money because i have a very good heart

Posted by UlarSawa > 2023-07-27 10:39 |

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Posted by LalisaFang > 2023-07-27 12:48 | Report Abuse

breaking 20 sen now. Strt goreng Jaks?

Posted by Sslee > 2023-07-27 12:55 | Report Abuse

Someone talk big only earnning 5 figure but when challenge to show his CapitalA holding amt and cost tak berani/chicken out and run away with tail between legs.

Posted by Asengkianjoo > 2023-07-27 13:00 | Report Abuse

ular, I have no problem to talk gila gila like you

Posted by Asengkianjoo > 2023-07-27 13:01 | Report Abuse

I don't worry the stock price . I only worry nobody talk to me. talk is cheap mah.....chase the stock price got to pay

Posted by Asengkianjoo > 2023-07-27 13:02 | Report Abuse

you want to be good friend or my talker ? you choose wisely. i love you very much

Posted by Johnchew5 > 2023-07-27 13:10 |

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Posted by Asengkianjoo > 2023-07-27 13:13 | Report Abuse

don't forget , I am your grandmother good friend . you should call me grandsifu or at least granduncle . just received a call from your grandfather, he wanted me to deliver this message to you . " child, I will slap you tonight while you are still asleep,if you do not respect Aseng " why asleep ? not fully awke ? still love you mah....... don't want to scare die you. understand ?

Posted by Johnchew5 > 2023-07-27 13:13 |

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Posted by Asengkianjoo > 2023-07-27 13:18 | Report Abuse

John ,

I believe Ular is new here , he thought talk gila-gila can control the world . he doesn't know 20 years ago , Aseng is the was the gila-gila king here until no good ID to use...... young boy don,t know how high is the sky , granduncle Aseng also dare to kacau

Posted by Johnchew5 > 2023-07-27 13:19 |

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Posted by Asengkianjoo > 2023-07-27 13:19 | Report Abuse

KALAU TAK BOLEH CAKAP BAIK , JANGAN CAKAP BUKAN-BUKAN . KERANA TAK CAKAP BUKAN-BUKAN ITU DUDAH CUKUP BAIK WALAU PUN TAL SEBAIK MACAM CAKAP BAIK.

Posted by Johnchew5 > 2023-07-27 13:21 |

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Posted by UlarSawa > 2023-07-27 13:24 |

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Posted by Asengkianjoo > 2023-07-27 13:24 | Report Abuse

JOHN,

scold people dont have to say animal one .

not I said but one of the reader said to to me or i3lurker. i don't know . nanti kena bite back , padan muka mu.....hahaha....

Posted by StartOfTheBull > 2023-07-27 13:25 | Report Abuse

SSlee no more being seen in AAX and Capital A forum. 😄😄😄

Posted by Asengkianjoo > 2023-07-27 13:25 | Report Abuse

long time no speak gila-gila already ...爽。爽。爽。。。。。

Posted by UlarSawa > 2023-07-27 13:27 |

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Posted by Asengkianjoo > 2023-07-27 13:31 | Report Abuse

I don't see the logic why you need to tell me "you are not scare " if you REALLY not scare ?

I believe you do not understand the the supporting logic of this argument . you are still too young to see the true world . you scold OTB , I also scold OTB . but OTB respect me , but OTB hate you

Posted by Johnchew5 > 2023-07-27 13:32 |

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Posted by Asengkianjoo > 2023-07-27 13:32 | Report Abuse

ular , where are you ?

you so slow to respond make our exchnage very boring lah....