Viet Nam’s carbon credit auction

The Vietnamese Government plans to auction approximately five million tons of excess carbon credits on international trading platforms due to an available surplus.

The Ministry of Agriculture and Rural Development outlined this information in a report to the Prime Minister. The report discussed the implementation status of the Emission Reductions Payment Agreement in the North Central region and proposed transferring surplus greenhouse gas emission reductions for the 2018-2019 period. In October last year, Viet Nam received US$28 million from the World Bank for reducing 10.3 million tons of carbon emissions from 2018 to 2019.