Vietnam to pilot carbon trade exchange from 2025

Rú Chá mangrove in the central province of Thừa Thiên-Huế. The mangrove is an important ecosystem that helps remove and store a large part of carbon as biomass. — VNA/VNS

HANOI (Vietnam News/Asia News Network): Vietnam plans to set up and pilot a carbon trade exchange from 2025, 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.