News trends

Vietnam has sold $51.5 million in carbon credits to the World Bank for the first time

At present, the forest area of Vietnam is 14.79 million hectares, the forest coverage rate exceeds 42%, and the output value growth rate is maintained at 4.6%. Revenues from forest environmental services amounted to nearly VND 11 trillion (US $470 million). It is worth mentioning that in 2023, Vietnam sold 10 million carbon credits for the first time, bringing more than $50 million in revenue t……

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World Bank: Global carbon pricing revenue has exceeded the $100 billion mark for the first time

On May 21, the World Bank released a report entitled “State and Trends of Carbon Pricing 2024” , showing that global carbon pricing revenue reached $104 billion in 2023, breaking the 100 billion mark for the first time. The report found:At present, there are 75 carbon pricing mechanisms in operation worldwide, and an increasing number of middle-income countries are considering and i……

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