VOV.VN - Carbon pricing becomes an effective incentive to help communities choose low-carbon products by levelling the playing field between fossil fuels and clean technology solutions. Only by doing so will existing climate policies, such as feed-in tariffs and tax breaks, become more effective in accelerating decarbonisation targets in ASEAN.

A consultation workshop titled “The Recommendations for a Carbon Tax to Mitigate the Impact of the EU’s Carbon Border Adjustment Mechanism (CBAM) on Vietnam” was held in Hanoi on August 30.

VOV.VN - Canada seeks to promote the global carbon pricing initiative and expects Vietnam to consider joining this programme, said Catherine Stewart, ambassador for Climate Change of Canada.

Vietnam’s is seeking investment in clean energy as part of its scheme to develop a carbon market in order to achieve net zero emissions by 2050.