link ae888

Quang Binh receives over 3.38 million USD from selling carbon credit

The central province of Quang Binh got more than 82 billion VND (3.38 million USD) for its efforts to reduce greenhouse emissions in 2023, becoming the first locality in Vietnam to receive payment under the Emissions Reduction Purchase Agreement (ERPA).
Quang Binh receives over 3.38 million USD from selling carbon credit ảnh 1The central province of Quang Binh got more than 3.38 million USD for its efforts to reduce greenhouse emissions in 2023. (Photo: VNA)
Hanoi (VNA) – The central province of Quang Binh got more than 82 billion VND (3.38 million USD) for its efforts to reduce greenhouse emissions in 2023, becoming the first locality in Vietnam to receive payment under the Emissions Reduction Purchase Agreement (ERPA).

The agreement was inked between the Ministry of Agriculture and Rural Development and the World Bank – the trustee agency of the Forest Carbon Partnership Facility (FCPF) in 2020. Accordingly, the FCPF will pay Vietnam 51.5 million USD if Vietnam fully implements its commitment, under which the north-central and central provinces of Thanh Hoa, Nghe An, Ha Tinh, Quang Binh, Quang Tri and Thua Thien – Hue are to reduce carbon footprint by 10.3 million tonnes during the 2018-2025 period.

According to Director of the provincial Department of Agriculture and Rural Development Mai Van Minh, with the agreement, Quang Binh will receive 235 billion VND for reducing more than 2.4 million tonnes of carbon dioxide emissions during 2023-2025.

The money it received this year will be used for forest protection and development of local livelihoods, he said, adding 80 billion VND will be transferred to beneficiaries, including 10,778 forest owners, 71 communal People’s Committees and nine other organisations, while the remainder is for the province’s Forest Protection and Development Fund.

Although the money paid for each household is not large, at around 800,000 VND, it will help raise public awareness of forest protection and prevention of slash-and-burn activities.

More than 469,300 hectares of forest to claim carbon credits in the year, he said, highlighting the province will review the forest area and forest coverage to work with its partners who want to purchase carbon credits to increase income for local people.

Among the localities engaged in the ERPA, Nghe An has the largest area of forest with more than 1 million hectares, giving opportunities for the province
to capitalise on the carbon credit potential.

However, Director of the province’s Forest Protection and Development Nguyen Khac Lam said that carbon credit trading is a new area, which needs specific mechanisms and policies helping localities better access this potential market.

Vietnam plans to set up and pilot a carbon trade exchange from 2025 and officially run it in 2028, according to a new Government decree on greenhouse gas (GHG) emissions and Ozone layer protection.

The document stipulates several articles of the Law on Environmental Protection and maps out a roadmap for domestic carbon market foundation and development, he said, stressing it lacks a stipulation on state management in forests’ carbon storage, making it hard to count up the amount of forest carbon reserve./.
VNA
#Quang Binh #greenhouse emissions #Emissions Reduction Purchase Agreement #Forest Carbon Partnership Facility #carbon footprint #slash-and-burn activities #Vietnam News Agency #Vietnamplus

See more

An Giang province closes the Tra Su Sluice to block flooding, helping downstream farmers complete harvest of their summer-autumn rice and begin sowing the autumn-winter crop on schedule. (Photo: VNA)

💎 Mekong Delta flooding higher than normal this year

Floodwater levels in the Cuu Long (Mekong) Delta are high and will continue to rise this month, especially in upstream areas, according to the hydraulic works management and construction department of the Ministry of Agriculture and Environment.
Bui Chinh Nghia, Deputy Director of the Forestry and Forest Protection Department and Director of the CITES Vietnam Management Authority, speaks at the meeting. (Photo: VNA)

꧟ ASEAN members join hands to prevent endangered wildlife trafficking

Regional solidarity and cooperation are the key factor for the effective implementation of wildlife protection regulations. Only through sustainable cooperation, innovative approaches, and collective action can biodiversity be safeguarded for the present and future generations, an Vietnamese official has said.
An overview of the session to announce the International Court of Justice's advisory opinion on the obligations of States in respect of climate change. (Photo: VNA)

𝓀 Vietnam contributes to international court's advisory opinion on climate change

As a key member of the core group of 18 countries, initiated by Vanuatu, Vietnam engaged in advocating for the UN General Assembly’s Resolution N.77/276, requesting for the ICJ’s advisory opinion. Following the resolution's adoption, Vietnam fully participated in all procedural steps for the first time, from submitting written proposals to presenting directly at the court’s hearings.
Hanoi plans to expand the charging station network for better efficiency. (Photo: VNA)

🧔 Hanoi to roll out policies supporting green transport transition

Under the plan, from 2025 to 2026, the city will complete mechanisms and policies to support businesses in switching to green vehicles, expand the electric and green-energy bus network, and build charging stations. The targeted proportion of green buses is set at 10% in 2025 and 20–23% in 2026.
{dagathomo tructiep hôm nay}|{link ae888 city 165}|{dá gà thomo}|{trực tiếp đá gà thomo hom nay}|{sbobet asian handicap}|