Carbon credits were created with the idea of generating financial momentum to reduce greenhouse gas emissions and promote sustainable development. Individuals, companies and governments can buy carbon credits to compensate for their greenhouse gas emissions or sell them to gain financial benefits.
Carbon credits were first termed in the Kyoto Protocol in 1997 and came to effect in 2005. Since then, the global carbon credit market has grown rapidly and reached $3 billion US Dollars in 2020.
To achieve the national strategy on climate change for 2050 and to take financial advantage from the global carbon credit market for sustainable development of the country, the Government of Vietnam has issued several resolutions to build a national carbon credit market in Vietnam by 2025, aiming to export carbon credits by 2027. This carbon credit market focuses on multiple sectors, including energy, agriculture, forestry, etc. However, the carbon credit market in Vietnam is still in its infant stage and little is known by the society. At the same time, the rapid development of the carbon credit markets in other countries (e.g., China, South Korea, Singapore, etc.) brings a big challenge for Vietnam to compete in the global carbon credit market.
In light of this fundamental topic, Tra Vinh University (Vietnam), Foreign Trade University (Vietnam) and Vietnam Science Forum on Climate Change and Sustainable Development (VSF-CCSD) are pleased to announce the international scientific conference “Leveraging carbon credits for climate change commitments and sustainable development in Vietnam”.
Time: March 28, 2024
Location: Tra Vinh University.
For more information, please see the link below.