Vietnam is witnessing a rising demand for a domestic carbon credit exchange as it is expected to generate around 10.8 million voluntary carbon credits annually. The country is actively developing a roadmap to establish a domestic carbon market, aligned with its goal of achieving Net Zero by 2050. The scheme aims to mandate the trading of greenhouse gas emission quotas for industries and businesses within the domestic market and considers integration with international markets. The plan includes starting a pilot by 2025 and launching the carbon credit exchange officially by 2028, with a focus on centralization, transparency, and efficiency in managing transactions. Thorough preparation in terms of infrastructure, technique, inventory capacity, and corporate reporting will be crucial during the pilot phase.

Source: ESGNewsasia