Launching the first carbon credit trading platform in Vietnam
(Chinhphu.vn) - On September 29 in Ho Chi Minh City, ASEAN Carbon Credit Exchange Joint Stock Company officially launched, becoming the first enterprise in Vietnam to launch a carbon credit exchange , proactively adapting international environmental trade policies, while aiming for a low-carbon economy with outstanding growth.
Leaders of ASEAN Carbon Exchange Joint Stock Company are presenting the floor's operating procedures. Photo: VGP/Le Anh
The carbon market is considered an effective and feasible tool to minimize harm to the environment, towards sustainable development and in accordance with international standards. However, currently, carbon credit projects in Vietnam are still quite new and have not received the attention of businesses.
Meanwhile, from October 2023, 27 European Union (EU) member countries will begin piloting carbon taxes on all goods exported to this market under the border adjustment mechanism. carbon (CBAM). The United States will be the next market to issue a mechanism to impose carbon taxes on importers to the United States in 2024. In the future, more countries and large markets in the Americas and Asia will approach. in this direction. This is a common global trend that Vietnamese businesses need to adapt quickly and effectively to meet green standards and increase long-term competitiveness. For this, it is necessary to have units that advise and guide the carbon credit inspection and registration process.
Affirming the importance of this Carbon market, CT Group launched the ASEAN Carbon Credit Exchange (CCTPA), becoming the first unit in Vietnam to provide complete consulting information for businesses and organizations. organizations and individuals in Vietnam on how to build carbon credit projects, how to register, verify, confirm and exchange, compensate, and borrow credit mechanisms for carbon credits and apply them. Apply carbon taxes regionally and globally.
CCTPA also researches and offers Blockchain and Crypto application solutions for the carbon market, helping transactions to be authenticated, secure and transparent, enhancing trust between participating parties. This is also the optimal solution and a very different direction.
According to scientists who have researched in-depth on carbon credits, the establishment of a carbon credit exchange is an important direction for Vietnam to achieve zero net emissions by 2050.
Right at the launch event, CCTPA signed a cooperation agreement with the Central Association of Clean Water and Environment of Vietnam, scientific research units, financial institutions and international inspection units,... resonating with sources. join forces to create breakthrough solutions, apply green technology to reduce carbon emissions, coordinate and organize green transformation programs, for the goal of Net zero.
