Vietnam: What are the regulations on the promotion of GHG emission mitigation and ozone layer protection?

1. What are the regulations on the promotion of GHG emission mitigation and ozone layer protection in Vietnam?

According to Article 33 of Decree 06/2022/ND-CP, the regulations on the promotion of GHG emission mitigation and ozone layer protection in Vietnam are:

Promotion of GHG emission mitigation and ozone layer protection

1. GHG emission mitigation and GHG destruction may apply the cooperation, exchange and balancing carbon credit mechanisms according to Article 20 hereof.

2. Organizations and individuals studying application, transfer and development of technology for GHG emission mitigation and ozone layer protection and use of climate-friendly alternatives shall be eligible for incentives according to the law on science and technology.

3. Organizations and individuals changing technology to GHG emission mitigation and ozone layer protection and providing the controlled substance collection and settlement services shall be favored according to Article 141 of the Law on Environmental Protection and relevant documents.

2. What are the targets for GHG emission mitigation in various sectors by 2030 in Vietnam?

Appendix 1 issued with Decree 06/2022/ND-CP stipulates the targets for GHG emission mitigation in various sectors by 2030 in Vietnam. To be specific:

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* According to the Nationally Determined Contributions updated in 2020.

** GHG emission mitigation data for 2021, 2022 will be estimated.

Sincerely!