GREEN CREDIT - GOLDEN FUTURE - SENTTECHNOLOGY VIETNAM
The CO2 credit market in Vietnam:
1. Development: Vietnam is currently in the stage of development and experimentation of carbon market mechanisms, aiming to establish a comprehensive and efficient emission trading system by 2030. Vietnam is also implementing emission reduction projects and green financial initiatives, but the CO2 credit market is still young compared to other countries.
2. Policies and regulations: The Vietnamese government has been developing policies, regulations, and legal frameworks to support the carbon market. These policies include promoting emission reduction projects under the Clean Development Mechanism (CDM) according to the Kyoto Protocol.
3. Participation: Currently, businesses and organizations in Vietnam participate in the carbon market mainly through CDM projects and other emission reduction projects, but there is not yet an official and widespread domestic market.
International CO2 credit market
1. Development: The international carbon market has grown significantly in recent years, with large systems such as the European Union Emissions Trading System (EU ETS), California's cap-and-trade system, and markets in other countries such as New Zealand, Canada, and many other regional systems.
2. Policies and regulations: These markets are regulated by very strict policies and legal frameworks to ensure transparency, fairness, and efficiency in carbon trading.
3. Participation: International businesses, investors, and non-governmental organizations operating globally can participate in the carbon market, including buying and selling credits and investing in emission reduction projects.
