[null] What are requirements on research on establishing a national carbon credit registration system in Vietnam? - Mr. Tu (Thanh Hoa)

"> What are requirements on research on establishing a national carbon credit registration system in Vietnam? - Mr. Tu (Thanh Hoa)

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Research on establishing a national carbon credit registration system according to vtv2 trực tiếp bóng đá hôm nay Prime Minister's Directive 13 in Vietnam

What are requirements on research on establishing a national carbon credit registration system in Vietnam? - Mr. Tu (Thanh Hoa)

Research on establishing a national carbon credit registration system according to vtv2 trực tiếp bóng đá hôm nay Prime Minister's Directive 13 in Vietnam

In Section 2 of vtv2 trực tiếp bóng đá hôm nay Directive 13/CT-TTg in 2024, to enhance vtv2 trực tiếp bóng đá hôm nay management of carbon credits and promote vtv2 trực tiếp bóng đá hôm nay development of vtv2 trực tiếp bóng đá hôm nay carbon market, vtv2 trực tiếp bóng đá hôm nay Prime Minister has requested vtv2 trực tiếp bóng đá hôm nay following requirements:

1. Ministries: Industry and Trade, Transport, Construction, Agriculture and Rural Development, Natural Resources and Environment:

a) Urgently issue a plan to reduce greenhouse gas emissions in specific sectors according to vtv2 trực tiếp bóng đá hôm nay regulations in Government Decree No. 06/2022/ND-CP (Appendix IV) and implement it to ensure vtv2 trực tiếp bóng đá hôm nay achievement of committed targets under vtv2 trực tiếp bóng đá hôm nay NDC (Nationally Determined Contributions), to be completed in vtv2 trực tiếp bóng đá hôm nay third quarter of 2024.

b) Take vtv2 trực tiếp bóng đá hôm nay lead and coordinate with relevant agencies to provide advice to vtv2 trực tiếp bóng đá hôm nay competent authorities on organizing negotiations, signing, and implementing agreements or contracts with international partners for carbon credit transfer and achieving greenhouse gas emission reductions in vtv2 trực tiếp bóng đá hôm nay managed areas, ensuring vtv2 trực tiếp bóng đá hôm nay implementation of emission reduction targets under vtv2 trực tiếp bóng đá hôm nay NDC. Assess vtv2 trực tiếp bóng đá hôm nay readiness level to participate in vtv2 trực tiếp bóng đá hôm nay carbon market in certain sectors.

c) Take vtv2 trực tiếp bóng đá hôm nay lead and coordinate with vtv2 trực tiếp bóng đá hôm nay Ministry of Information and Communications, press agencies, and media to carry out extensive communication on greenhouse gas emission reduction targets, NDC implementation, carbon credit creation methods, voluntary carbon market participation, and vtv2 trực tiếp bóng đá hôm nay organization and development of compliant carbon markets.

2. Ministry of Natural Resources and Environment:

a) Urgently study vtv2 trực tiếp bóng đá hôm nay establishment of a national carbon credit registration system, vtv2 trực tiếp bóng đá hôm nay management of programs, projects, activities for greenhouse gas emission reduction, and carbon credit creation to serve vtv2 trực tiếp bóng đá hôm nay pilot implementation and development of vtv2 trực tiếp bóng đá hôm nay domestic carbon market, and exchange with international partners.

b) Take vtv2 trực tiếp bóng đá hôm nay lead and coordinate with relevant ministries and agencies to promptly draft amendments and supplements to Government Decree No. 06/2022/ND-CP, including provisions on carbon credit management, domestic and international carbon credit trading, and submit it to vtv2 trực tiếp bóng đá hôm nay Government before July 30, 2024.

...

Therefore, one of vtv2 trực tiếp bóng đá hôm nay requirements set by vtv2 trực tiếp bóng đá hôm nay Prime Minister for vtv2 trực tiếp bóng đá hôm nay Ministry of Natural Resources and Environment is to urgently study vtv2 trực tiếp bóng đá hôm nay establishment of a national carbon credit registration system.

In addition, it involves managing programs, projects, activities for greenhouse gas emission reduction and carbon credit creation to serve vtv2 trực tiếp bóng đá hôm nay pilot implementation and development of vtv2 trực tiếp bóng đá hôm nay domestic carbon market, and exchange with international partners.

vtv2 trực tiếp bóng đá hôm nay

Research on establishing a national carbon credit registration system according to vtv2 trực tiếp bóng đá hôm nay Prime Minister's Directive 13 in Vietnam - image from internet

What is carbon credit according to vtv2 trực tiếp bóng đá hôm nay law in Vietnam?

Pursuant to Clause 35 Article 3 of vtv2 trực tiếp bóng đá hôm nay Law on Environmental Protection in 2020 stipulating carbon credit:

Definitions

For vtv2 trực tiếp bóng đá hôm nay purposes of this Law, vtv2 trực tiếp bóng đá hôm nay terms below shall be construed as follows:

...

35.“carbon credit”means any tradable certificate representing vtv2 trực tiếp bóng đá hôm nay right to emit one tonne of carbon dioxide (CO2) or one tonne of carbon dioxide (CO2) equivalent.

...

As regulated above, carbon credit means any tradable certificate representing vtv2 trực tiếp bóng đá hôm nay right to emit one tonne of carbon dioxide (CO2) or one tonne of carbon dioxide (CO2) equivalent.

When shall vtv2 trực tiếp bóng đá hôm nay carbon trade exchange (CTX) be operated in Vietnam?

Pursuant to Article 17 of vtv2 trực tiếp bóng đá hôm nay Decree 06/2022/ND-CP stipulating development roadmap and deployment time of domestic carbon market:

Development roadmap and deployment time of domestic carbon market

1. vtv2 trực tiếp bóng đá hôm nay period of up to vtv2 trực tiếp bóng đá hôm nay end of 2027

a) Formulating carbon credit management regulations, GHG emission quota exchange and carbon credits; formulating operation rules of vtv2 trực tiếp bóng đá hôm nay CTX;

b) Experiment with carbon exchange and offsetting mechanisms in potential sectors and providing guidance on operation of domestic and international carbon exchange and offsetting mechanisms in accordance with law and vtv2 trực tiếp bóng đá hôm nay international treaties to which vtv2 trực tiếp bóng đá hôm nay Socialist Republic of Vietnam is a signatory.

c) Establishing and organizing trial operation of vtv2 trực tiếp bóng đá hôm nay CTX from 2025;

d) Carrying out activities in order to improve capacity and raise awareness about carbon market development.

2. vtv2 trực tiếp bóng đá hôm nay period from 2028

a) Organizing official operation of vtv2 trực tiếp bóng đá hôm nay CTX in 2028;

b) Prescribing carbon credit connected and exchange between domestic , regional and global carbon market.

As regulated above, vtv2 trực tiếp bóng đá hôm nay CTX in Vietnam shall be officially operated in 2008.

Best regards!

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