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Vietnam Launches Emissions Trading System for Net-Zero Goal

6/12/2025

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Summary

Story summary

Vietnam is taking a bold step towards a greener future by launching a pilot emissions trading system (ETS) that targets half of its CO2 emissions from key industries like steel, cement, and thermal power. Companies will need to buy permits based on their CO2 output, paving the way for a net-zero goal by 2050 and potential expansion to other sectors after 2029.

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Story summary

Vietnam is taking a bold step towards a greener future by launching a pilot emissions trading system (ETS) that targets half of its CO2 emissions from key industries like steel, cement, and thermal power. Companies will need to buy permits based on their CO2 output, paving the way for a net-zero goal by 2050 and potential expansion to other sectors after 2029.