Foreign organisation helps Vietnam reduce emissions

The Netherlands Development Organisation (SNV) has been coordinating with the Forestry Department to help Vietnam earn at least 58 million USD a year from green house emission reduction.

Friday, December 11, 2009 21:05

The Netherlands DevelopmentOrganisation (SNV) has been coordinating with the Forestry Departmentto help Vietnam earn at least 58 million USD a year from green houseemission reduction.

According to SNV Vietnam Director Tom Derksen, Vietnam has elevenprojects registered for the Clean Development Mechanism (CDM), whichbring an average of over 1 million Certified Emission Reductions (CERs)or carbon credits, equal to 19.8 million USD.

The SNV director further said that those credits give theindustrialised country flexibility to reach the goal of emissionreduction.

CDM, the first global environmental credit and investment mechanism,brings financial resources for countries like Vietnam to build aneconomy with little carbon gas.

The UN Environmental Programme (UNEP) forecasts that global trading ofwaste gas could earn a revenue of 2 trillion USD by 2020. Vietnam ’sannual average CERs is still low, so the country must exert moreefforts in exploiting the world carbon market.

Since 2003, the SNV Vietnam carried out the Biogas Programme, which hashelped bring income for farmer households from selling CERs.

Under the programme, fifty-five thousand biogas tanks were built in 13provinces, bringing CERs equivalent to 1 million USD. Each projecthelps reduce one tonne of carbon a year.

The programme plans to build 165 thousand biogas tanks by 2012 toshorten the amount of time women spend on cooking, about 110 millionhours a year. Total revenue from selling CERs is expected to reach 3.2million USD by 2012 to help improve living conditions of poorhouseholds./.

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Foreign organisation helps Vietnam reduce emissions

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