Carbon exchange adds new component to green finance ecosystem
The newly launched domestic carbon exchange offers a market based mechanism for emissions reduction with its success hinging on integrating carbon pricing with green credit and capital markets to mobilise investment at scale
Vietnam's green transition has taken a significant step forward with the official launch of the domestic carbon exchange on June 29. The platform aims to create a mechanism for trading greenhouse gas emissions allowances and eligible carbon credits, adding a new component to the country's green finance ecosystem. With financing needs projected to reach $368 billion through 2040, as estimated by the World Bank, the launch of the carbon exchange addresses the challenge of mobilising capital for climate-resilient and net-zero development.
Brief written by urgent.news from Vietnam Investment Review's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
