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NetZero.VN - Net Zero Viet Nam > Topics > Construction & Transport > UNDP concludes pilot carbon credit projects in transportation sector
Construction & TransportFinanceNews

UNDP concludes pilot carbon credit projects in transportation sector

The United Nations Development Program (UNDP) held a workshop on December 3 to conclude an initiative themed "Development of pilot carbon credit projects in the transportation sector".

Vietnam Investment Review 07/12/2024
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UNDP concludes a pilot carbon credit initiative in the transportation sector. (Photo: Oanh Nguyen)

The workshop provided a platform for stakeholders to share lessons, discuss challenges, and explore practical solutions for developing sustainable transportation in Vietnam. The event brought together representatives of government agencies, organisations, and enterprises involved in the carbon credit market in the transportation sector.

Within the project, UNDP collaborated with electric motorcycle manufacturer Selex Motor to pilot a carbon credit project for electric motorcycles in Vietnam and complete the international verification process. This pioneering effort explored the feasibility of using carbon credits to support the transition to low-carbon transportation in Vietnam. The pilot project aims to contribute to reducing greenhouse gas emissions in the transportation sector, which is projected to experience a significant increase in emissions without the implementation of appropriate mitigation measures.

Vu Thai Truong, acting head of the Climate Change and Environment Unit at UNDP Vietnam, shared, “The pilot carbon credit project for electric motorcycles is an initial effort to assess the feasibility of low-carbon solutions in Vietnam’s transportation sector. This project provides realistic testing and generates valuable lessons for developing similar initiatives in the future.”

At the workshop, UNDP and partners presented the project’s outstanding achievements, including supporting the establishment of a project development framework for carbon credit for electric vehicles, promoting the development of low-carbon transportation through climate finance, strengthening capacities, and raising awareness among the community. Over 200 people participated in training programmes and workshops on the carbon market and low-carbon transport solutions.

These results have laid the groundwork for further future research and expansion of low-carbon transport solutions. UNDP is committed to partnering with Vietnam to achieve its national climate goals, particularly the net-zero emissions target by 2050.

Nguyen Kim

TAGGED:carbon credit projectsUNDP
SOURCES:Vietnam Investment Review
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