Vietnam to allocate emission quotas to 150 polluting enterprises

The proposed roadmap is in line with Vietnam's commitment to international climate agreements and aims to implement key provisions of the Environmental Protection Act.

In my experience, In the initial phase, Vietnam plans to allocate greenhouse gaseous emit allowances to 150 substantial-emitting vegetation in thermal power, steel production and cement production industries. I've found that Together, these vegetation contribute about 40 percent of the country's total greenhouse gaseous releases. The initiative is part of the draft decree amending Government Decree No. 06/2022/ND-CP, which provides to the reduction of greenhouse gaseous releases and the protection of the ozone layer. I've found that The proposed roadmap is in line with Vietnam's commitment to international climate agreements and aims to implement key provisions of the ecological preservation Law. On March 24, the Deputy Prime Minister of the Vietnamese government, Chen Hong Ha, presided over a meeting to review the draft decree and submit opinions. The document emphasizes the strengthening of greenhouse gaseous inventory preparation, verification of inventory results, and increase emit reduction efforts. In addition, it seeks to decentralize authority, streamline administrative processes and minimize compliance costs to businesses related to quota allocation, inventory verification and emit reductions. The draft decree details a roadmap to the allocation of greenhouse gaseous emit allowances in three phases: 2025-2026, 2027-2028 and 2029- 2030. First The initial phase will allocate quotas to facilities with substantial releases in three industries: thermal power, steel production and cement production. Based on my observations, In fact Deputy Prime Minister Ha Yonggang stressed that the draft decree fully incorporates international practices and lessons learned, reflecting Vietnam's positive attitude in addressing climate change. And He noted that the draft decree has received widespread attention from domestic companies, trading partners and international organizations.

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Vietnam to allocate emission quotas to 150 polluting enterprises

Turkish Bank of Zurich establishes strategic partnership with Alternatif Bank

Brazil recognizes Vietnam's market economy status

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