Keyword: "carbon credit sales"

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A view of the Can Gio mangrove forest, a crucial "carbon sink" ecosystem that contributes to generating carbon credits for operating Vietnam's carbon market. (Photo: VNA)

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

Speaking at a conference in Hanoi on July 2 to introduce Decree No. 180 on forest carbon sequestration and storage services, Luong said the latest transaction brought the country's total revenue from the transfer to 56.5 million USD, covering 11.3 million tonnes of CO2 emission reductions at a price of 5 USD per tonne.