First Successful Implementation of Emission Reduction Agreement in Vietnam

The sale is the result of the first forest proceeds from six provinces in the north central region under the emission reduction agreement with the World Bank. It is transferred to localities to compensate forest owners, local communities, and people for their efforts in managing, protecting, and developing forests.

The emission reduction agreement, successfully implemented in Vietnam, has brought in US $41 million in carbon credit sales with the World Bank (Photo: Getty Image).

As the first emission reduction agreement successfully implemented in Vietnam, the sale represents an important step towards advanced forest management, protection, and improving people’s lives.

The six provinces participating in the agreement are Thanh Hoa, Nghe An, Ha Tinh, Quang Binh, Quang Tri, and Thua Thien-Hue. They collectively have over 3.1 million hectares of forested land, accounting for 58 percent of the total area.

Nguyen Quang Bao, Director of the Department of Forestry under the Ministry of Agriculture and Rural Development, emphasized the importance of preserving special-use, protective, and natural forests to increase carbon reserves.

“In addition to increasing timber productivity and carbon content, these forests will bring added value and improve the livelihoods of vulnerable communities,” said Bao.

For example, in Tra Mang Village (Thua Thien-Hue Province), 90% of the population belongs to the Co Tu ethnic group. Over the past decade, they have protected 560 hectares of forest.

Each year, on average, each household receives VND 2.4 million (US $98) from forest environmental services. Thanks to the carbon credit sales, each household now has an additional income source.

In the future, the additional income from the carbon credit sales for the Tra Mang Village community can reach VND 190 million (US $7,800).

Moreover, many other areas with well-protected natural forests are following the success of these six provinces in implementing similar programs. For instance, about 70 households in Lao Cai Province have received forest protection contracts from the Forest Protection and Development Fund. Each household is expected to receive around VND 2 million (US $80) annually, according to VNS.

Fanasy Nguyen Le

The post First Successful Implementation of Emission Reduction Agreement in Vietnam appeared first on Vietexplorer.com.

Nhận xét

Đăng nhận xét

Bài đăng phổ biến từ blog này

Hanoi’s First Bike-Only Lane Set to Open

Hình ảnh
The Hanoi Department of Transport has announced that Hanoi will soon have a new 4km long and 4m wide cycle path along the To Lich River. This dedicated bicycle lane, which will pass through the Cau Giay and Dong Da districts, is set to open on February 1, 2024. The purpose of this project is to provide a safe and convenient transportation option for cyclists in the city. The cycle path will connect Lang Station of Cat Linh – Ha Dong Metro Line and No.8 Station of the Nhon-Hanoi Metro Line. The total investment for the project is estimated to be VND65 billion (US$2.64 million). There will be six public bicycle stations along the route, including two major stations at the Transportation University and Lang Station. These stations will provide approximately 100 bicycles and electric bikes to cater to the needs of Hanoi’s residents and students. In addition to the cycle path along the To Lich River, Hanoi also plans to designate the sidewalks around Hoa Binh Park and Hoang Minh Thao S...
Đọc thêm

Promoting Cuba to the Youth: Efforts of HCM City’s Vietnam – Cuba Friendship Association

Hình ảnh
The Vietnam – Cuba Friendship Association’s chapter in Ho Chi Minh City (VCFA HCMC) will continue to promote people-to-people diplomacy activities to increase understanding between the people of Vietnam and Cuba as well as between HCM City and Cuban localities in particular, contributing to further intensifying the special relations between the two countries. This orientation was approved at the third congress of the association for the 2023-2028 tenure held in HCM City on December 28, VNA reported. Truong Thi Hien, chair of the Vietnam – Cuba Friendship Association in Ho Chi Minh City for the 2023 – 2028 term, spoke at the congress. Photo: HUFO Accordingly, the VCFA HCMC will focus on promoting communication activities, including setting up a YouTube channel named “Cuba – The Beautiful Island”, to introduce the country and people of Cuba to people from all walks of life, especially young people, and the importance of the Vietnam-Cuba relations in the new situation. A...
Đọc thêm

Vietnamese Students Make Remarkable Achievements in Asia-Pacific Physics Olympiad 2023

Hình ảnh
(From left) Nguyen Minh Tai Loc; Le Viet Hoang Anh; Nguyen Tuan Duong; Than The Cong; Nguyen Tuan Phong; Phan The Manh; Vo Hoang Hai; and Vu Ngo Hoang Duong. Photo: Ministry of Education and Training All the eight Vietnamese students won prizes at the Asia-Pacific Physics Olympiad (APhO) 2023, including four bronze medals and four certificates of merit, VNA citied the Ministry of Education and Training. The bronze medalists include Phan The Manh and Nguyen Tuan Phong, 12th graders from Bac Ninh High School for the Gifted in Bac Ninh province; Vo Hoang Hai, 11th grader from the High School for Gifted Students of the University of Natural Sciences under the Vietnam National University, Hanoi; and Than The Cong, 11th grader from the Bac Giang High School for the Gifted in Bac Giang province. Four others who received certificates of merit are Vu Ngo Hoang Duong from the High School for Gifted Students of the University of Natural Sciences under the Vietnam National Univers...
Đọc thêm