New Decree on GHG Emissions: piloting carbon trade exchange from 2025

Description

The new Decree No. 06/2022/NĐ-CP stipulates some articles of the revised Law on Environmental Protection 2020 on Greenhouse Gases (GHG) Emissions and Ozone layer protection. More specifically, it defines a pathway for the establishment and development of the domestic carbon market. Accordingly, from 2025 a carbon trade exchange will be set up and piloted.

Decree No. 06/2022/NĐ-CP was issued and takes effect immediately on 7th January 2022. It consists of 5 chapters and 35 articles.

Sources & further information: “Việt Nam to pilot carbon trade exchange from 2025” at https://vietnamnews.vn, “Pilot the carbon credit exchange from 2025” at https://vietnamagriculture.nongnghiep.vn, and “Nghị định 06/2022/NĐ-CP quy định giảm nhẹ phát thải khí nhà kính và bảo vệ tầng ô-dôn”at https://thuvienphapluat.vn, accessed on 13 January 2022.

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