Vietnam/ Cà Mau lays the groundwork for its green carbon credits project

The feasibility assessment project to propose a green carbon credits project in the province of Cà Mau (South) for the period 2024-2025 was launched on March 12.

This is a feasibility assessment project aimed at creating a basis for the effective implementation of the green carbon credits project, in particular activities aimed at quantifying carbon footprints and taking into account the impacts of forests on climate change.

The results of the project should enable solutions to be found for minimizing impacts; managing carbon risks and identifying areas for improvement; improving efficiency and reducing costs through reduced energy consumption ; promote and involve companies and communities in carbon reduction activities; reinforce corporate and community responsibility by taking action to reduce greenhouse gas emissions, thereby contributing to climate change mitigation.

On this basis, the project will consult with stakeholders, co-design the project and reach consensus on the restoration and protection of at least 1,500 ha of mangroves.

The project is led by the Union of Friendship Organizations of Cà Mau province, with financial support from the Japanese organization Save the Children (through Save the Children International's Representative Office in Vietnam).

Nguyên Dông Khoi, president of the Cà Mau Provincial Union of Friendship Organizations, said the province has around 92,460 ha of forests, including 11,000 ha of natural forests. Cà Mau's forests are very diverse, including mangroves along the coast, melaleuca forests (U Minh Ha) and forests on the islands of Hòn Khoai and Hòn Chuôi.

The project is being launched to provide scientific, verified and convincing information, in line with mechanisms and policies aimed at achieving carbon neutrality (Net Zero) by 2050, the official said.

He stressed that the aim is to reduce the risk of degradation, increase forest area, contribute to the reduction of greenhouse gas emissions, minimize climate change, while improving the living conditions of the local population.

Cà Mau boasts over 63,000 hectares of mangroves, stretching from the Tiêu Dua coast (Khanh Tiên commune, U Minh district) to the districts of Trân Van Thoi, Phu Tân, Dâm Doi, Nam Can and Ngoc Hiên.

The majority of this area belongs to the Cà Mau World Biosphere Reserve, with endemic species such as black mangrove, white mangrove, avicennia, grey mangrove, melaleuca, nipa palm...

Source: lecourrier.vn/