Vietnam earns 56.5 million USD from forest carbon credit sales to World Bank

Vietnam has received an additional US$5 million from the transfer of 1 million tonnes of verified forest-based emission reductions to the World Bank. The latest transaction brings Vietnam’s cumulative revenue under the arrangement to US$56.5 million, covering 11.3 million tCO₂e at US$5 per tonne. Proceeds have benefited nearly 80,000 people in central Vietnam, approximately half of whom are members of ethnic minority communities. Under the pilot emission reductions purchase agreement signed in 2022, Vietnam retains 95% of the verified emission reductions to support fulfilment of its Nationally Determined Contribution. The announcement coincided with the introduction of Decree No. 180, which establishes a legal framework for forest carbon sequestration and storage services, including eligible suppliers and users and procedures for developing and registering forest carbon projects. The decree is scheduled to enter into force on July 15.
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