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Vietnam seeks buyers for 5 million credits as forest carbon offset exceeds expectations

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(Photo: VNA)

Vietnam’s carbon offset amount is beyond expectation after signing the “North Central Region Emission Reductions Payment Agreement” (ERPA) with the Forest Carbon Partnership Facility (FCPF) of the World Bank. As a result, the Vietnamese government plans to sell the remaining 4.91 million of carbon credits with the help of World Bank in finding potential buyers or piloting auctions on international carbon trading platforms.

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