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(QNO) - The Quang Nam provincial project on forest-based carbon credit trading has just been approved by Deputy Prime Minister Le Van Thanh.
Accordingly, the project lasting from 2021 to 2025 aims to reduce greenhouse gas emissions from deforestation and forest degradation, sustainable forest management, conservation and enhancement of forest carbon stocks in Quang Nam.
If the project is approved by the Prime Minister of Vietnam, Quang Nam may earn about 5 million USD from selling forest-based carbon credits.
Currently, 5 foreign companies want to buy forest-based carbon licenses/credits from Quang Nam.