The need for operating emission trading scheme pilot

February 26, 2024

Mai Kim Liên, deputy director of the Department of Climate Change under the MONRE, emphasised the supportive activities of international organisations in the development of the Vietnamese carbon market. “One such activity involves the selection and guidance on utilising a system simulation tool for greenhouse gas emission allowance trading. This tool aims to facilitate a deeper understanding among relevant parties regarding the functionalities, operational processes, management, and trading of emission allowances and carbon credits on the trading platform. Moreover, the carbon market is characterised by volatility, necessitating adaptable policies and ongoing adjustments. However, the policy-making process in Việt Nam is time-consuming and involves multiple steps, Hạnh added.

The source of this news is from Vietnam News