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Vietnamese government proposed to amend and supplement the "Regulations on reduction of greenhouse gas (GHG) emissions and protection of the ozone layer". There is significant attention regarding details of GHG inventory and emission quota allocation.
Regarding the GHG inventory regulations, the proposed draft shows that provincial People's Committees will no longer handle the verification of emission inventory results of enterprises. Instead, the independent third-party unit will conduct the verification and then submit the inventory results to the government, aiming to enhance the accuracy and transparency of the inventory results.
According to the original regulations, verification units must comply with the United Nations Framework Convention on Climate Change (UNFCCC) or the Vietnamese TCVN ISO 14065 standard in GHG inventory, or technical personnel of such units must have completed GHG inventory courses and obtained certification as per UNFCCC requirements.
Vietnamese Ministry of Natural Resources and Environment (MONRE) has noted that local auditing capacity is limited. Therefore, the draft amendment includes additional pathways for technical personnel to acquire qualifications, such as completing training courses for the Vietnamese TCVN ISO 14064-3. Additionally, the draft clarifies the procedures for publishing the list of qualified organizations in the future.
The draft also included the livestock industry in the GHG inventory list, with the addition of enterprises in other industries, the total number of enterprises that need to conduct the GHG inventory has now increased to 2,893 entities.
Additionally, the draft specifies that GHG emission quotas allowance will be gradually distributed by industry during the period from 2026 to 2030. Among these, approximately 200 enterprises in the thermal power generation, steel, and cement manufacturing industries have the highest emissions, accounting for 45% of the total emissions of 2,893 entities and will be listed in the first phase acquire the allowance.
MONRE emphasizes that the GHG inventories is the basis for the operation of carbon credit markets, and the government will adjust industry emission allowance based on the number of enterprises submitting GHG inventory results.
Furthermore, Article 10 of the "Regulations on reduction of GHG emissions the stage of soliciting public opinions and protection of the ozone layer" stipulates that the GHG reduction results of enterprises must undergo verification. However, the draft proposes to remove this requirement while adding a new provision that GHG reduction plans of enterprises must be verified.
The draft has been published for the collection of public comments so far, and then MONRE will compile the feedback of all parties before submitting the draft to the Ministry of Justice for evaluation.
