HCMC — The Government is studying the introduction of a carbon tax on fossil fuel use and setting emission caps as part of efforts to enhance energy security and meet climate commitments.
The plan is outlined in Government Resolution No. 328/NQ-CP, which implements the Politburo’s Resolution No. 70/NQ-TW on national energy security through 2030, with a vision to 2045.
The Government aims to develop an international-standard system to measure, report, and verify greenhouse gas emissions. It also plans to create a carbon credit trading mechanism and establish a domestic carbon market connected to global systems.
Policies will be designed to promote advanced, efficient, and environmentally friendly technologies. Legal frameworks will be improved to support carbon capture, storage, and reuse, particularly in fossil fuel-based power generation.
The Government also plans to expand research and application of low-carbon and carbon-neutral technologies in the energy sector.
A national energy transition program will be introduced to gradually reduce the use of fossil fuels in power generation. Coal-fired plants may be converted to use cleaner fuels such as natural gas, biomass, hydrogen, or ammonia.
The Government will strengthen risk management and climate resilience in the energy sector, from project planning to operations, and enhance cooperation with other countries to exchange expertise and access green technologies.
The measures are part of Vietnam’s efforts to improve energy efficiency, cut emissions, and meet its international climate commitments.
