HANOI: An emission trading system (ETS) and carbon market training course gathered 145 participants here this week.
Drawn from state agencies, and related organisations and enterprises, it was the first capacity-building activity in Vietnam with participation from both the public and private sectors.
Conducted on Tuesday and yesterday, it offered a comprehensive programme on the topics and the use of market simulation tools.
Leading international experts shared insights into global carbon pricing implementation, necessary preparations for operating the carbon market, as well as principles of measurement and verification requirements within the system.
In her opening remarks, deputy director Mai Kim Lien of the Department of Climate Change said that Vietnam has issued 40.2 million carbon credits for 150 projects and conducted exchanges on the global market.
It is also one of the four countries with the highest number of credit projects registered under the clean development mechanism.
To establish and operate the domestic carbon market, the country’s 2020 environmental protection law stipulates the organisation and development of the market.
The government, meanwhile, has issued a roadmap for implementing the market with the goal of piloting the carbon credit trading floor, starting in 2025.
According to Lien, the training course was part of the activities under a Memorandum of Understanding signed between the department and the United Nations Office for Project Services (UNOPS).
It aimed to establish cooperative relations between the sides within the framework of the South-East Asia Energy Transition Partnership (ETP) managed by UNOPS.
A representative of the ETP, Fritzie Vergel, said that through the course, stakeholders will have a clearer understanding of the operations of the emission trading system.
It will actively prepare them to participate when the Vietnamese carbon market officially comes online in 2028 as stipulated by law. — Viet Nam News/ANN
