Vietnam: Potential for exporting carbon credits from rice, coconut, and cashew

According to calculations, Vietnam's agricultural sector alone has the potential to reach 57 million carbon credits per year. Besides rice, coconut and cashew are also two crops that can generate carbon credits. Vietnam is one of the countries with great potential for exporting carbon credits. Carbon credits are certificates that can be traded and represent the right to emit an amount of CO2 or another amount of greenhouse gas converted to CO2 equivalent. One credit is equivalent to 1 ton of CO2 or 1 ton of CO2 equivalent. In addition to forestry, agriculture is also one of the most interested fields today when it comes to generating carbon credits. According to calculations, the agricultural sector alone can achieve 57 million carbon credits per year, equivalent to 57 million tons of CO2 absorbed, which can be sold to international organizations to bring in nearly 300 million USD/year. Implement Vietnam's strong commitment to the international community to bring net emissions to ...