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- Commenting the Project “Establishment and Development of Carbon Market in Vietnam
Commenting the Project “Establishment and Development of Carbon Market in Vietnam
- The commodity characteristic of the Carbon element has known as Carbon Credits, are equivalent to 1000 ton of C02 absorbed by natural forest trees (1 Carbon = 3.67 C02) of the Rain-Forest Tank which is an endless source of benefits that the tropical rainforest offers to
all living existence including humans. Therefore, understanding and knowing the nature of the biogeochemical process of Carbon and CO2, that is the operating biological cycle principle of Vietnam’s Ecological Landscape, is the key pillar for a national green circular economy in the context of the Earth’s atmosphere reaching the C02/ 424 PMM in 2023. Therefore, the priority of Co-Governance between Forest Owners, Emitters, Government, Media and an Independent Economic Arbitrator in order to arrive at a logical building of an Institutional Corridor for Carbon Credits before stepping into the Carbon Credit Trading Market is essential today..
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