📋 Tender Overview
Project ID: P178165
Region: east asia and pacific
Borrower: 2state bank of vietnam
The PDO is to support the Government of Vietnam in the development and application of a National Crediting Program and Emission Trading System and to enhance expertise and capacity for their implementation. Development of legal foundations for the domestic emission trading scheme, including financial and investment policies to promote the development of domestic ETS, and detailed design and assessment of impacts of voluntary domestic emission trading scheme on private sectors.
To operate the mandatory ETS at a full scale, the foundations for the domestic emission trading schemes, including legal, institutional, technical capacity, and awareness tracks, shall be developed step-by-step following the below development plan:
Phase 1 (2021-2024): Development of legal foundations for the domestic emission trading scheme, including financial and investment policies to promote the development of domestic ETS, and detailed design and assessment of impacts of voluntary domestic emission trading scheme on private sectors; The revised LEP states that MONRE's general role is to operate and supervise the ETS, which includes identifying total caps and allocating allowance to participants in the market. The Ministry of Finance will coordinate with MONRE and other ministries to prepare and develop the ETS.
Phase 2 (2025-2026): Pilot voluntary domestic ETS and detailed design for a mandatory domestic trading scheme with the use of offsets from the NCP and study on potential linking to other trading/crediting schemes under Article 6 mechanisms of the Paris Agreement; and
Phase 3 (2027 onward): Implementation of mandatory domestic ETS and design for linking to other trading/crediting schemes under Article 6 mechanisms of the Paris Agreement.
