Foreign Countries’ Experiences on the Carbon Credit Management and the Green House Gas Emission Quota Exchange

Abstract

Vietnam is a country negatively affected by climate change due to the increasing greenhouse effect. Implementing the commitment to cut greenhouse gas to “zero” by 2035, Vietnam has been making efforts to build a domestic carbon market, towards connecting with the world carbon market. To achieve this goal, Vietnam needs to develop and improve the legal basis for carbon credit management and the exchange of greenhouse gas emission quotas.