Regulations on intensification of greenhouse gas absorption in Vietnam

Regulations on intensification of greenhouse gas absorption in Vietnam (Internet image)

Regarding this matter, LawNet would like to answer as follows: 

1. Regulations on intensification of greenhouse gas absorption in Vietnam

According to Article 8 of Decree 06/2022/ND-CP, regulations on intensification of greenhouse gas absorption in Vietnam are as follows:

- Organizations, households, individuals and communities assigned or lent forests; assigned or lent lands to plant forests by the State; self-recovered and developed forests; transferred, donate, inherited forests according to the law shall be responsible for formulation and implementation of stable forest management measure and protection and increase of coverage, biomass and quality of the forests in order to intensify greenhouse gas absorption.

- Entities specified in Clause 1 of Article 8 of Decree 06/2022/ND-CP may participate in domestic and international carbon exchange and offsetting mechanisms subject to the law and the international treaties to which the Socialist Republic of Vietnam is a signatory.

- The Ministry of Agriculture and Rural Development shall take charge and cooperate with the provincial People’s Committees in:

+ Formulating goals and roadmap for greenhouse gas absorption from stable forest management, protection and increase of coverage, biomass and quality of forests attached together with industry-level plans of greenhouse gas emissions mitigation prescribed in Clause 3 Article 12 of Decree 06/2022/ND-CP;

+ Collecting figures and calculating greenhouse gas absorption rates in forested ecological zones on the basis of forest survey and including them in the industry-level greenhouse gas inventory report as prescribed in Clause 3 Article 11 of Decree 06/2022/ND-CPf;

+ Monitoring and assessing implementation of the greenhouse gas absorption intensification operation from stable forest management, protection and coverage rates, biomass and qualities of forests on a national scale.

- The Ministry of Natural Resources and Environment shall:

+ Express opinions in writing for proposal for implementing programs and projects for participation in carbon credit offsetting mechanisms collected from greenhouse gas absorption intensification operation for the purpose of ensuring national goals of greenhouse gas emissions mitigation and international treaties to which Vietnam is a signatory;

+ Manage and monitor implementation of programs and projects of participation in carbon credit offsetting mechanisms collected from greenhouse gas absorption intensification operation ;

++ Consolidating figures on greenhouse gas absorption on the national scale, formulate greenhouse gas national inventory reports every 2 years.

2. Goals, roadmap and approaches to greenhouse gas emission in Vietnam 

Article 7 of Decree 06/2022/ND-CP stipulates the goals, roadmap and approaches to greenhouse gas emission in Vietnam as follows:

- The goals of mitigation of greenhouse gas emissions shall be approved by the Prime Minister in nationally determined contributions, including the goals of greenhouse gas emissions mitigation for sectors of energy, agriculture, land and forestry use, waste management and industrial processes that are suitable for economic-social development conditions of the country and international treaties to which Socialist Republic of Vietnam is a signatory. More details are provided in Appendix I issued together with Decree 06/2022/ND-CP.

- The Ministry of Natural Resource and Environment shall take charge and cooperate with relevant ministries and agencies in periodically updating the nationally determined contributions according to the Paris Agreement on climate change and submit it to the Prime Minister for approval.

- The Ministries specified in Clause 2 Article 5 of Decree 06/2022/ND-CP shall formulate and promulgate plans of greenhouse gas emissions mitigation of their sectors up to the end of 2030 with a phased implementation until 2025; implement management measures to achieve the greenhouse gas emissions mitigation goals prescribed in the nationally determined contributions.

- The facilities specified in Clause 1 Article 5 of Decree 06/2022/ND-CP shall carry out the greenhouse gas emission mitigation according to their own greenhouse gas emissions mitigation plans under facilities and the following roadmap:

+ Providing operation information and figures for internal greenhouse gas inventory development , formulating and implementing greenhouse gas emissions mitigation measures adapting to specific conditions of the facilities.

+ Implementing greenhouse gas emissions inventory, formulating and carrying out the greenhouse gas emissions mitigation plans according to the quotas allocated by the Ministry of Natural Resource and Environment subject to the goal of greenhouse gas emissions mitigation; exchanging and trading greenhouse gas emissions quotas and carbon credits on the carbon trade exchange in the period from 2026 to 2030.

- New investment projects shall be encouraged to apply technology, manufacturing processes, service supplement that emit less greenhouse gas or participate in mechanisms and methods for cooperation in greenhouse gas emissions mitigation subject to the law and the international treaties to which the Socialist Republic of Vietnam is a signatory.

- Approaches to greenhouse gas emission mitigation include:

+ Introduction of policies and management of greenhouse gas emissions mitigation;

+ Industry-wide and internal Plans for greenhouse gas emissions mitigation ;

+ Technology, manufacturing processes and services emitting less greenhouse gass;

+ Mechanisms and methods for cooperation in greenhouse gas emission mitigation that are conformable with law and the international treaties to which the Socialist Republic of Vietnam is a signatory.

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