Currently, for the majority of people, the term "carbon credits" remains unfamiliar, and the buying and selling of carbon credits in Vietnam is not widely known. However, this is an issue of growing concern for the government as it could address environmental pollution problems.
"Buying and selling carbon credits" is a term used to describe the transaction process between organizations, businesses, or individuals in buying and selling carbon credit units.
In Vietnam, the buying and selling of carbon credits is regulated by Article 19 of Decree No. 06/2022/NĐ-CP. According to this decree, the trading of carbon credits can be carried out on a voluntary or mandatory basis.
Voluntary trading occurs between participants in the carbon market, including:
1. Emitters: Businesses, production facilities, transport services, etc., exceeding greenhouse gas emission limits set by law.
2. Reduction Entities: Businesses, production facilities, transport services, etc., engaged in activities certified by a carbon credit certification organization.
Voluntary participants can trade carbon credits with each other through carbon credit trading platforms.
Mandatory trading occurs among emitters obligated to reduce greenhouse gas emissions according to legal requirements. These emitters are required to purchase carbon credits to offset emissions exceeding the prescribed limits. The supply of carbon credits for mandatory trading comes from reduction entities.
To obtain carbon credits, individuals or organizations can participate in greenhouse gas reduction projects such as afforestation, energy-saving technologies, renewable energy use, waste reduction, and recycling.
The price of carbon credits varies depending on the location and the environmental context in which they are traded. In 2019, the average price of a carbon credit was $4.33. By 2020, this figure surged to $5.60 per carbon credit before decreasing to an average of $4.73 per carbon credit in 2021.
Entities reducing emissions can sell carbon credits through carbon credit trading platforms, including the National Carbon Credit Trading Platform (VNETS) and the ASEAN Carbon Credit Trading Platform (CCTPA). Additionally, reduction entities can directly sell carbon credits to emitters.
Steps to Sell Carbon Credits on a Trading Platform
1. Register an account on the carbon credit trading platform.
2. Upload the carbon credit verification profile.
3. Await approval of the carbon credit verification profile.
4. Place a carbon credit sell order.
5. Monitor the transaction process.
Carbon credits represent a tradable commodity in the carbon market, equivalent to reducing 1 ton of greenhouse gas emissions. Leading in applying 3D scanning technology to calculate carbon credits, 3D Master, with its team of professional and experienced technicians, commits to providing fast, accurate, and reputable carbon credit calculation services.
See more >>> [Carbon Credit Calculation Services | Best Price - Top Expert in Vietnam]
Dr. Nguyen Van Thinh
2016-2019: Post-Doctoral Research in Forestry at the University of Canterbury, New Zealand.
2011-2016: Ph.D. in Forestry Science and Forest Ecology at the University of Goettingen, Germany.
2008-2010: M.Sc. in Forestry Science and Forest Ecology at the University of Goettingen, Germany.
1999-2003: B.Sc. at Vietnam Forestry University.
- Consulting on biomass determination and carbon stock in planted and natural forests using 3D scanning technology.
- Sustainable forest management consulting and certification of FSC and VFCS/PEFC.
| Title of the article | Author | Magazine | Year of publication |
| Using 3d scanning technique for estimating forest standing volume | Main author | Mathematical and computational forestry and Natural resources sciences | 2023 |
| Establishing Allometric Equation based on 3D Scanning Technique – Non-destructive Sampling Method. | Main author | International Journal of Agricultural and Statistical Sciences | 2023 |
| "The influence of topographic factors on the storage capacity of carbon in different forest types in the Dong Nai Biosphere Reserve." | Main author | Journal of Agriculture and Rural Development | 2023 |
| A study on biomass and CO2 sequestration potential of rubber plantations (Hevea brasiliensis) in the Dong Nai Biosphere Reserve | Main author | Journal of Forestry Science | 2023 |
| Aboveground biomass and diversity of woody climber in evergreen forest, southern Vietnam. | Main author | Journal of the Austrian Society of Agricultural Economics | 2022 |
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