The Airports Corporation of Vietnam (ACV) has been fined VND270 million (US$11,250) for causing air pollution around Long Thanh Airport’s construction site.
Many countries are adopting emissions trading systems (ETS) as a means to reduce annual emissions and mitigate climate change. Therefore, Vietnamese companies must understand and actively participate in this market, whether they like it or not.
With its huge need for funding to fulfil its international commitment to achieve net-zero emissions by 2050, which has been backed by an international initiative, Vietnam is set to formulate new policies this year to mobilise more resources.