What are principles for mitigation of GHG emissions and protection of ozone layer in Vietnam?

What are principles for mitigation of GHG emissions and protection of ozone layer in Vietnam?

Pursuant to Article 4 of the Decree 06/2022/NĐ-CP stipulating principles for mitigation of GHG emissions and protection of ozone layer in Vietnam as follows:

1. Mitigation of GHG emissions and protection of ozone layer shall be eligible for economic-social conditions, applicable laws and regulations and international treaties related to the purpose of developing a low-carbon economy and green growth associated with sustainable development.

2. Management of GHG emission mitigation activities must comply with the principles of responsibility, uniformity, fairness and transparency; GHG emission mitigation goals shall be adjusted by the Prime Minister according to national development priorities and international treaties to which the Socialist Republic of Vietnam is a signatory.

3. GHG emission quota exchange activities and carbon credits must ensure transparency and harmonious interests of participants in the carbon market. Organizations and individuals voluntarily participate in the carbon market.

4. Regulations on import and export of controlled ODSs and GHGs shall only be applied to member countries of the Montreal Protocol according to time schedules prescribed in the Protocol.

Which entites must carry out GHG emission mitigation in Vietnam?

Pursuant to Article 5 of the Decree 06/2022/NĐ-CP stipulating entities for which GHG emission mitigation is mandatory in Vietnam as follows:

1. Establishments on the list of sectors and facilities emitting GHG must make an inventory of GHG promulgated by the Prime Minister.

2. The Ministry of Industry and Trade, the Ministry of Transport, the Ministry of Agriculture and Rural Development, the Ministry of Natural Resources and Environment, the Ministry of Construction.

3. Organizations and individuals other than those prescribed in Clause 1 of this Article are encouraged to carry out mitigation of GHG emissions in a manner that is suitable for their conditions and activities.

Best regards!