Vietnam poised to become large-scale carbon credit market
The Emissions Reduction Purchase Agreements (ERPAs) for 11 forests will lay the foundation for Vietnam's large-scale carbon credit market.
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The Emissions Reduction Purchase Agreements (ERPAs) for 11 forests will lay the foundation for Vietnam's large-scale carbon credit market.
Samuel A. Jinapor, the Minister for Lands and Natural Resources says the fight against climate change requires a collective action and under the distinguished and abled leadership of President Akufo-Addo, his Ministry will continue to work with all stakeholders to halt climate change and attain the 1.5 degrees Celsius target.
A sense of urgency was palpable at recent meetings. As climate threats intensify, experts are calling for further integration of forestry into environmental agendas
The Southeast Asian country is expected to sell 57 million carbon credits to international organizations annually, with each of the credits fetching as much as US$5
Vietnam’s carbon market is expected to thrive in the near future, given that the country has large forest reserves and many corporations stand ready to pour billions of US dollar to purchase forest carbon credits from Vietnam.