Vietnam strives to be paid for emissions reduction efforts
A conference was held in Hanoi on September 27 to collect final ideas to complete the Emissions Reductions Program Document (ER-PD) in the northern central region.
Hanoi (VNA) – A conference was held in Hanoi on September 27 to collectfinal ideas to complete the Emissions Reductions Program Document (ER-PD) inthe northern central region before it is sent to the Forest Carbon PartnershipFacility (FCPF) in late November and is defended at the Carbon Fund’s meetingin December.
TheER-PD in the northern central region is the first regional-level projectimplemented by the Reducing Emissions from Deforestation and Forest Degradation(REDD+) programme in Vietnam, with a hope to reduce gas emissions and intensifythe absorption of around 33.06 million tonnes of carbon dioxide equivalent.
TheFCPF, through the World Bank, committed to pay for emissions reduction effortswith 60 million USD for 10.3 million tonnes of carbon dioxide equivalent from2018 to 2024.
NguyenVan Ha, deputy head of the Vietnam Administration of Forestry, hailed thesignificance of the ER-PD in the northern central region as it helps peopleunderstand more about the importance of forests.
Ifthe document is approved by the FCPF, Vietnam and the World Bank, whichrepresents the FCPF, will negotiate and sign an Emissions Reduction PurchaseAgreement (ERPA), thus contributing to implementing the national actionprogramme on REDD and the target programme on sustainable forest development,and to showing Vietnam’s efforts to reduce greenhouse gas emissions.
TheER-PD will be carried out in Thanh Hoa, Nghe An, Ha Tinh, Quang Binh, Quang Triand Thua Thien-Hue in the northern central region whose forest coverage is 57percent or 2.9 million hectares.-VNA
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An overview of the conference (Source: VNA)
