In the special edition "Half a Century - Building Our Homeland 1975 - 2025," featuring the title "Challenges in Pursuing Carbon Credits from Forests," Mr. Thuy Nguyen Hung - a Greenhouse Gas Professional and LEED Green Associate - has shared profound insights and detailed explanations regarding carbon credits derived from forests.

We extend our gratitude to Quang Nam News for their commitment to connecting and disseminating valuable knowledge about green trends and carbon credits to the community. The practical information and in-depth perspectives provided by Expert Thuy Nguyen Hung will significantly aid individuals and businesses in understanding and better preparing for the opportunities and challenges presented by the carbon credit market.

Carbon Credits: A Promising Yet Challenging Market

1. 2026 - A Pivotal Year

• Vietnam possesses immense potential in the carbon credit market, primarily derived from renewable energy and forestry. It is anticipated that the year 2026 will mark a significant milestone in the establishment and growth of this market.

2. Major Challenges

• The verification of credits remains inaccurate, and the benefits of carbon absorption may be short-lived.
• The legal framework is inadequate, and monitoring and measurement processes are costly and complex.
• Risks associated with forest fires, illegal logging, and a lack of transparency in transactions persist.

3. International Barriers

• Projects must fulfill stringent criteria, with lengthy credit timelines requiring substantial resources and efforts.

4. Solutions for Quang Nam

• Develop a clear and comprehensive legal framework to manage carbon credit transactions, ensuring transparency and protection of stakeholder interests.
• Invest in advanced monitoring technologies such as AI and remote sensing to accurately track carbon absorption and enhance monitoring efficiency.
• Strengthen training for local communities on forest management and the benefits of carbon credits, fostering sustainable forest conservation and development.
• Engage in international cooperation, expanding connections with global carbon markets to access financing, technology, and enhance benefits from carbon credit projects.