Vietnam to allocate emissions quotas to top 150 polluters

In its initial phase, Vietnam plans to allocate greenhouse gas emission quotas to 150 facilities with significant emissions across the thermal power, steel production, and cement production sectors. Collectively, these facilities contribute approximately 40% of the nation’s total greenhouse gas emissions.

This initiative is part of the draft Decree amending Government Decree No. 06/2022/ND-CP, which governs greenhouse gas emission reduction and ozone layer protection.

The proposed roadmap aligns with Vietnam’s commitment to international climate agreements and aims to implement key provisions of the Law on Environmental Protection.

On March 24, Deputy Prime Minister Tran Hong Ha presided over a meeting to review and provide feedback on the draft Decree.

The document emphasizes strengthening greenhouse gas inventories, verifying inventory results, and enhancing emission reduction efforts.

Additionally, it seeks to decentralize authority, streamline administrative processes, and lower compliance costs for businesses related to quota allocation, inventory verification, and emissions reductions.

The draft Decree details a roadmap for the allocation of greenhouse gas emission quotas in three phases: 2025-2026, 2027-2028, and 2029-2030. The initial phase will allocate quotas to facilities with significant emissions in three sectors: thermal power, steel production, and cement production.

Deputy PM Ha highlighted that the draft Decree integrates international practices and lessons learned, reflecting Vietnam’s proactive stance on climate change. He noted its widespread attention from domestic enterprises, trade partners, and international organizations.