Vietnam earns 56.5 million USD from forest carbon credit sales to World Bank
Hanoi, July 3 -- Vietnam has earned an additional 5 million USD from the transfer of 1 million tonnes of forest-based carbon emission reductions to the World Bank, according to Deputy Director of the Department of Forestry and Forest Protection under the Ministry of Agriculture and Environment Pham Hong Luong. Speaking at a conference in Hanoi on July 2 to introduce Decree No. 180 on forest carbon sequestration and storage services, Luong said the latest transaction brought the country's total revenue from the transfer to 56.5 million USD, covering 11.3 million tonnes of CO2 emission reductions at a price of 5 USD per tonne. The official said the proceeds have been distributed to nearly 80,000 beneficiaries, half of whom are ethnic minori...
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