Deputy minister proposes establishment of Vietnam’s national carbon credit exchange

Vietnam should consider creating a national carbon credit exchange as it moves toward developing a low-carbon economy and proactively coping with climate change, a financial official told a meeting on Monday. Deputy Minister of Finance Le Tan Can put forward the proposal while addressing a meeting discussing a scheme on the development of the carbon credit market in Vietnam. The launch of the national carbon credit exchange would match the country’s development orientations, its commitment to reducing greenhouse gas emissions, and an ongoing global trend of developing a carbon credit market, the official said. He also shared international experience, saying that many countries had set up their carbon credit exchanges. One carbon credit is equal to one metric ton of CO2 or one metric ton of CO2 equivalents.