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Vietnam to launch carbon market pilot, allowing up to 30% of emissions to be offset through carbon credits. (Photo: iStock)
Vietnam has taken a significant step in developing its carbon market, unveiling pilot emissions trading plans for three major carbon-intensive industries. The plan outlines how emissions allowances will be distributed and sets a limit on carbon offset usage. However, experts caution that the allocation of free allowances and the underdeveloped national carbon registry system may hinder short-term emissions reduction efforts.
