Preparing for the implementation of nature-based carbon credit pilot projects in Vietnam

From November 29 to December 1, 2022, VNEEC and South Pole representatives are one of the consulting units selected by the Australian Department of Foreign Affairs and Trade to develop pilot Nature-Based carbon credit projects in Vietnam, participated in the project kick-off meeting as well as the networking among partners to promote the development of the Carbon market in a comprehensive and sustainable manner.

The Business Partnerships Platform (BPP), is a platform through which the Australian Government will support the implementation of partners’ ideas to promote the development of carbon markets in a sustainable way. The BPP, not only brings environmental and climate benefits but also contributes to the community’s overall development in the project area and promotes the development of nature-based carbon credit projects in Vietnam.

Chargé d’Affairs, Mark Tattersall and Partner from Promoting nature-based solutions through afforestation carbon projects

The new partnership between VNEEC, South Pole and the Australian Government’s Department of Foreign Affairs and Trade aims to build institutional and individual capacity in developing nature-based carbon projects in Vietnam and support the enabling environment for Jurisdictional and Nested REDD+. A type of forestry carbon credit that has great potential, but faces many difficulties to develop in Vietnam. The development of Jurisdictional and Nested REDD+ projects will be based on VNEEC and South Pole’s experience in developing Afforestation Reforestation, and Vegetation Restoration (ARR) projects in two mountainous provinces in Northwest Vietnam as well as on the local capacity that has been enhanced through the development of the above projects. The partnership will accelerate the development of nature-based Carbon Credits as a sustainable source of finance that deliver long-term local economic, social and environmental benefits as well as promoting the development of the carbon market in Vietnam.

For further reading: https://thebpp.com.au/partnership/promoting-nature-based-solutions-through-afforestation-carbon-projects-in-vietnam/?fbclid=IwAR3cyCPot5hOiwqj5hj8-8h8yHO0k9qFmqLK5uJUjAukrJjjkDnwDEe8xQA

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