The goal is to establish a transparent and publicly accountable carbon credit market based on determining total emissions and allocating emission quotas to regions, sectors, and even individual emitters.
It requires the engagement of different stakeholders to ensure that carbon neutrality is achieved realistically and sustainably.
Vietnam’s commitments at the COP26 showcase its strong political will in the fight against climate change and transitioning to a green economy.
Vietnam said speculation that the woman was punished for her activities in the reduction of coal power is groundless.
Vietnam is estimated to need US$167 billion in annual investments in 2050 for its net-zero scenario.
Given net-zero commitments, Vietnam is now at a crossroads to transform routes that benefit both the economy and the environment.
Vietnam continues to be a key partner of the UK in the region, especially as the UK prioritizes greater cooperation with the India-Pacific region.
Bioenergy, which can tap resources in the country possesses certain comparative advantages in agriculture, can be a key factor in Vietnam’s net zero journey.
As one of the few hardest-hit countries by climate change, Vietnam is urged to take drastic measures to curb impacts that will not appear in the distant future.
Vietnam hopes that international financial sources would be significant to its carbon neutrality journey.