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Decision No. 1775/QD-TTg dated November 21, 2012 of the Prime Minister approval of project of greenhouse gas emission management; management of carbon credit business activities to the world market
18/01/2013
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THE PRIME MINISTER
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No.: 1775/QD-TTg

SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom – Happiness

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Ha Noi, November 21, 2012

 

DECISION

APPROVAL OF PROJECT OF GREENHOUSE GAS EMISSION MANAGEMENT; MANAGEMENT OF CARBON CREDIT BUSINESS ACTIVITIESTO THE WORLD MARKET

THE PRIME MINISTER

At the proposal of the Minister of Natural Resources and Environment,

DECIDES:

Article 1. Approval of project of greenhouse gas emission management; management of carbon credit business activities to the world market with the following contents:

I. POINT OF VIEW, OBJECTIVES, SCOPE OF THE PROJECT

1. Point of view

a) Management of greenhouse gas emission.

- Management of greenhouse gas emission (hereinafter referred to as greenhouse gases) must be consistent with the strategy and policies, context of national and international agreements in which Vietnam is a party, aiming to developing low carbon economy, green growth.

- Management of greenhouse gas emission is done with focus, priority, concentrating on each stage of the major sources of greenhouse gas emission in the areas of energy, agriculture, land use, change of land use and forestry (LULUCF) and waste.

- The State shall ensure the necessary resources, encourage and mobilize the participation of all economic sectors, international support on finance, technology, enhance capacity in the management of greenhouse gas emission.

b) Management of carbon credit business activities to the world market.

- Strengthening the management of carbon credit business activities on the basis of proper compliance with the domestic and international regulations.

- Forming the domestic carbon market and participating in the international carbon market.

2. Objectives

a) Management of greenhouse gas emission

- General target: Management of greenhouse gas emission in order to implement the United Nations Framework Convention on Climate Change (UNFCCC) and other international agreements in which Vietnam is a party, at the same time take advantage of the opportunity to develop low carbon economy, green growth and together with the international community in the efforts to reduce greenhouse gas emission, contributing to the implementation of the goal of country’s sustainable development.

- Specific target:

+ Strengthening the capacity of national greenhouse gas inventory for the ministries, sectors and localities involved in the national inventory system of greenhouse gases. Setting up and operating the national system of greenhouse gas inventory and performing periodic inventory once for every two (02) years under the process;

+ Disseminating and applying technologies to reduce emissions and increase the capability to absorb potential greenhouse gas in Vietnam;...

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