Vietnam to allocate emission quotas to 150 polluting enterprises

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The proposed roadmap is in line with Vietnam's commitment to international climate agreements and aims to implement key provisions of the Environmental Protection Act.

In the initial phase, Vietnam plans to allocate greenhouse gas emission allowances to 150 large-emitting plants in the thermal power, steel production and cement production industries. Together, these plants contribute about 40 percent of the country's total greenhouse gas emissions.

The initiative is part of the draft decree amending Government Decree No. 06/2022/ND-CP, which provides for the reduction of greenhouse gas emissions and the protection of the ozone layer.

The proposed roadmap is in line with Vietnam's commitment to international climate agreements and aims to implement key provisions of the Environmental Protection Law.

On March 24, the Deputy Prime Minister of the Vietnamese government, Chen Hong Ha, presided over a meeting to review the draft decree and submit opinions.

The document emphasizes the strengthening of greenhouse gas inventory preparation, verification of inventory results, and increase emission reduction efforts.

In addition, it seeks to decentralize authority, streamline administrative processes and reduce compliance costs for businesses related to quota allocation, inventory verification and emission reductions.

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

Deputy Prime Minister Ha Yonggang stressed that the draft decree fully incorporates international practices and lessons learned, reflecting Vietnam's positive attitude in addressing climate change. He noted that the draft decree has received widespread attention from domestic enterprises, trading partners and international organizations.

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