Since its establishment in 2013, the JCM has seen 14 projects complete registration and issuance of over 35,000 carbon credits.
Ensuring national energy security and a sufficient electricity supply is fundamental to successfully achieving Vietnam’s socio-economic development goals.
This strategic move is crucial for the nation to attain its target of net-zero emissions by 2050.
Vietnam is widely recognised for its substantial renewable-energy potential, particularly in wind, solar, and biomass, which can provide a foundation for producing green hydrogen. This renewable base offers Vietnam a strong starting point.
A recent construction conference heard that the industry’s green transformation must be conducted under a holistic approach.
Carbon credits have recently made headlines in Vietnam, with the concept often surrounded by overblown expectations of an easy option, or suspicions of what feel unlikely attempts to cancel out greenhouse gas emissions.
Fireside chat by Bruce Delteil, Managing Partner, Vietnam of McKinsey & Company

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