Vietnam will attempt to reduce greenhouse gas emissions by 20 percentin the agriculture and forestry sectors by 2020, according to a planbeing developed by the Ministry of National Resources and Environment.
Experts at a conference on May 3 in Hanoidiscussed the plan, which is expected to cost 208 billion VND (9.9million USD) and has adopted 2005 as the base year for comparisons.
"The draft plan will be completed by the end of this month and thensubmitted to the Government for approval," said Tran Hong Ha, DeputyMinister of National Resources and Environment.
According to the Department of Meteorology, Hydrology and ClimateChange, several sectors continue to emit large amounts of green housegases in Vietnam , including energy, agriculture and forestry.
The measures proposed to reduce these harmful effects includeddeveloping biogas technology, changing the diet of livestock, collectingand recycling agricultural by-products and using water-saving ricecultivation methods.
Many of the potential solutionsinvolve the application of modern technologies to promote efficiencyand the increased use of renewable energy and fossil fuels.
The plan will also address the management of carbon credit, which is ageneric term for any tradable certificate or permit representing theright to emit one tonne of carbon dioxide or one tonne of anothergreenhouse gas with a carbon dioxide equivalent (tCO2e), according tothe Department of Meteorology, Hydrology and Climate Change.
In other words, a carbon credit is a certificate showing that agovernment or company has paid to have a certain amount of carbondioxide removed from the environment.
The plan willaim to increase control over carbon credit trading activities, todevelop the carbon market within the country and to promote Vietnam's participation in the international carbon market.
The department also said that as of April this year, there are 112projects in Vietnam recognised by the Clean Development Mechanism(CDM) Executive Board as CDM projects. They will help reduce the totalamount of greenhouse gas emissions by an estimated 51 million tonnes ofcarbon dioxide equivalents.
According to the UnitedNations Framework Convention on Climate Change, the Clean DevelopmentMechanism allows a country with an emission-reduction oremission-limitation commitment under the Kyoto Protocol to implement anemission-reduction project in developing countries.
In this way, the developed country will be given credits for meeting itsemission reduction targets, while the developing country will receivethe capital investment and clean technology or beneficial change in landuse.
Vietnam ranked fifth among countries with the largest number of CDM projects.-VNA
Experts at a conference on May 3 in Hanoidiscussed the plan, which is expected to cost 208 billion VND (9.9million USD) and has adopted 2005 as the base year for comparisons.
"The draft plan will be completed by the end of this month and thensubmitted to the Government for approval," said Tran Hong Ha, DeputyMinister of National Resources and Environment.
According to the Department of Meteorology, Hydrology and ClimateChange, several sectors continue to emit large amounts of green housegases in Vietnam , including energy, agriculture and forestry.
The measures proposed to reduce these harmful effects includeddeveloping biogas technology, changing the diet of livestock, collectingand recycling agricultural by-products and using water-saving ricecultivation methods.
Many of the potential solutionsinvolve the application of modern technologies to promote efficiencyand the increased use of renewable energy and fossil fuels.
The plan will also address the management of carbon credit, which is ageneric term for any tradable certificate or permit representing theright to emit one tonne of carbon dioxide or one tonne of anothergreenhouse gas with a carbon dioxide equivalent (tCO2e), according tothe Department of Meteorology, Hydrology and Climate Change.
In other words, a carbon credit is a certificate showing that agovernment or company has paid to have a certain amount of carbondioxide removed from the environment.
The plan willaim to increase control over carbon credit trading activities, todevelop the carbon market within the country and to promote Vietnam's participation in the international carbon market.
The department also said that as of April this year, there are 112projects in Vietnam recognised by the Clean Development Mechanism(CDM) Executive Board as CDM projects. They will help reduce the totalamount of greenhouse gas emissions by an estimated 51 million tonnes ofcarbon dioxide equivalents.
According to the UnitedNations Framework Convention on Climate Change, the Clean DevelopmentMechanism allows a country with an emission-reduction oremission-limitation commitment under the Kyoto Protocol to implement anemission-reduction project in developing countries.
In this way, the developed country will be given credits for meeting itsemission reduction targets, while the developing country will receivethe capital investment and clean technology or beneficial change in landuse.
Vietnam ranked fifth among countries with the largest number of CDM projects.-VNA
