Steel industry is one of the first sectors to join Vietnam's carbon market. (Photo: iStock)
Japan and Vietnam have deepened their cooperation based on Joint Crediting Mechanism (JCM) and issued carbon credits for nine new projects by the end of October.
Additionally, the Vietnamese government to trial a greenhouse gas emissions trading system (ETS) starting in June next year, aiming to impose carbon caps that will compel industries to reduce emissions.
9 new carbon credit projects approved
The nine projects, registered for implementation between 2013 and 2020, include the installation of solar systems in Ho Chi Minh City's commercial center, the use of high-efficiency amorphous metal transformers in the southern distribution system, and energy-saving equipment for lens manufacturing factories.
