MINISTRY OF NATURAL RESOURCES AND ENVIRONMENTDEPARTMENT OF CLIMATE CHANGE

CO-BENEFITS OF JOINT CREDITING MECHANISM
IN VIET NAM

Pham Thi Tra My
November 2021

1JCM Implementation in Vietnam

2

NDC commitment and role of JCM in NDC’s
implementation

3

Co-benefits of JCM in Vietnam

1. JCM Implementation in Vietnam
02/7/2013

01/7/201714/10/2021

Memorandum on
Cooperation on Low
Carbon Growth
between the Japaneseside and Vietnameseside signed for the firsttime.

Memorandum on
Cooperation on Low
Carbon Growth
between the Japaneseside and Vietnameseside signed for thesecond time.

Memorandum onCooperation on Low
Carbon Growth between
the Japanese side andVietnamese side signed atGovernment level.

1. JCM Implementation in Vietnam
Ministry of Natural Resources and Environment issues Circular No. 17/2015/TTBTNMT dated 06/4/2015 stipulating the development and implementation ofprojects under the Joint Credit Mechanism in the framework of cooperation
between Vietnam and Japan.
15 implementation areas:a) Energy production;b) Energy transmission;c) Energy consumption;d) Agriculture;d) Waste treatment;f) Afforestation andreforestation;k) Transport;l) Mineral exploitation andprocessingm) Metal production;n) Emissions from fuels(solid, oil and gas fuels);o) Emissions fromproduction andconsumption ofg) Chemical industry;
Halocarbons and Sulfurh) Manufacturing industry; hexafluoride;i) Construction;p) Using solvents;

1. JCM Implementation in Vietnam
The Joint Committee of Vietnam
and Japan has held 8 meetings

8Approval of 15 methodologies

15Registration of 14 projects

146

4.414 credits issued

Issuance of credits for 6projects

4.414

The current amount of credits allocated to Vietnamese side is 1368 credits, whichis equivalent to the emission reduction of 1368 tons CO2eq.

2. NDC commitment and role of JCM in NDC’s implementation• Implementing Decision No.1/CP.21 of COP21, Vietnam has completed the review and update of its
NDC in 2020.
• The NDC has been updated and adjusted with regard to Vietnam’s contributions on greenhouse gases(GHG) emissions reduction, CC adaptation to be in line with the context of its socio-economic
development and forecasts to 2030.

2. NDC commitment and role of JCM in NDC’s implementation
Technologies to be introduced
Energy• Energy efficiency s/saving• Fossil fuels to biofuel,natural gas and electricity• Renewable energy

Construction• Energy efficiency inbuilding• Green construction
materials

Waste• Waste to energy• Improve waste
treatment

Transport• Energy efficiency s/saving• Fossil fuels to biofuel,natural gas and electricity• Renewable energy

LULUCF• Forest protection• Sustainable use of forest
products• Enhance carbon stocks

Agriculture• Smart agriculture• Changing land-use
methods

JCM can be a trigger to apply all types of technologies to implement NDC

3. Co-benefits of JCM in Vietnam•••••••••

Scaling up the use of clean energy, renewable energy and improving energy efficiency
in all industries;
Help to lighten barriers to the introduction of low-carbon technologies;
Support the transfer of climate-sustainable, low-carbon technologies to support
sustainable economic growth;
Promote sustainable urban and transport development, management of land andforest use for carbon absorption;
Improve carbon pricing’s perception as key tools to advance mitigation efforts;Help establish MRV systems for GHG emissions reduction at sectoral and facility levels;
Strengthen the capacity on procedures for accessing investment capital from foreign
funds in a simpler and easier manner;
Help policy making process to support the mainstreaming of mitigation into socioeconomic development;
Promote regional and international cooperation and sharing of experiences.

MINISTRY OF NATURAL RESOURCES AND ENVIRONMENTDEPARTMENT OF CLIMATE CHANGE

THANK YOU VERY MUCH!