On August 1, 2024, a seminar titled “Potential and Future of the Carbon Market in Vietnamese Agriculture” was held at the ATL High Technology Building, Can Tho University.
Attending the seminar were Ms. Sarah Hooper – Australian Consul General in Ho Chi Minh City, Assoc. Prof. Dr. Nguyễn Hiếu Trung – Vice Rector of Can Tho University, leaders from the Departments of Agriculture and Rural Development, Science and Technology, Natural Resources and Environment, the Union of Scientific and Technical Associations of the Mekong Delta provinces, faculty and students of Can Tho University, along with professors from Queensland University of Technology, Charles Sturt University, and Select Carbon – Australia.
Assoc. Prof. Dr. Nguyễn Hiếu Trung – Vice Rector of Can Tho University delivered the opening speech at the seminar.
Ms. Sarah Hooper – Australian Consul General in Ho Chi Minh City gave a speech.
The seminar featured presentations on the following topics: Effective methods for generating carbon credits from agricultural cropping systems – The carbon credit trading market; The effectiveness and impact of integrated agricultural management solutions on reducing emissions and carbon accumulation in the soil; Necessary data sources for carbon projects (modeling, MRV); and The transformation and adaptation capabilities of the agricultural system in the Mekong Delta, presented by professors from Queensland University of Technology, Charles Sturt University, and Select Carbon – Australia.
Dr. Susan Orgill (Select Carbon) presented a paper.
Prof. Dr. David Rowlings (Queensland University of Technology – Australia) presented a paper.
Prof. Dr. Jason Condon (Charles Sturt University – Australia) presented a paper.
Vietnam is considered a country with significant potential for carbon credit supply. In 2023, Vietnam’s forestry sector successfully sold 10.3 million forest carbon credits (10.3 million tons of CO2) through the World Bank (WB). With a selling price of 5 USD per ton of absorbed carbon, the total value of the contract reached 51.5 million USD (approximately 1.250 trillion VND). It is estimated that the potential from Vietnam’s agriculture alone could reach 57 million carbon credits annually. If equivalent transactions are achieved, our country could sell carbon credits valued at approximately 300 million USD per year. Carbon credits are tradeable certificates that represent the right to emit a certain amount of CO2 or equivalent greenhouse gases, with one credit equivalent to 1 ton of CO2 or 1 ton of CO2 equivalent.
During the seminar, a Memorandum of Understanding (MoU) was signed to establish an advanced laboratory dedicated to research and training related to carbon and the carbon market in agriculture at Can Tho University.
Đăng ngày: 24/09/2024