{"id":1254,"date":"2023-12-08T22:21:13","date_gmt":"2023-12-08T15:21:13","guid":{"rendered":"https:\/\/vncarbonmarket.com\/?page_id=1254"},"modified":"2023-12-11T13:56:32","modified_gmt":"2023-12-11T06:56:32","slug":"faqs","status":"publish","type":"page","link":"https:\/\/vncarbonmarket.com\/en\/faqs\/","title":{"rendered":"FAQs"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-one\"><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:40;line-height:1.25;\"><strong>Compliance market<\/strong><\/h1><\/div><style type=\"text\/css\">.fusion-faqs-wrapper #accordian-1 .fusion-panel { border-color:hsla(var(--awb-color5-h),var(--awb-color5-s),var(--awb-color5-l),calc( var(--awb-color5-a) - 97% )); }.fusion-faqs-wrapper #accordian-1 .fusion-panel:hover{ border-color: hsla(var(--awb-color5-h),var(--awb-color5-s),var(--awb-color5-l),calc( var(--awb-color5-a) - 97% )); }.fusion-accordian #accordian-1 .panel-title a .fa-fusion-box:before{ font-size: 16px;width: 16px;}.fusion-accordian #accordian-1 .panel-title a .fa-fusion-box{ color: var(--awb-color1);}.fusion-accordian  #accordian-1 .panel-title a{font-family:var(--awb-typography1-font-family);font-weight:var(--awb-typography1-font-weight);font-style:var(--awb-typography1-font-style);}.fusion-accordian  #accordian-1 .panel-title a:not(:hover){}.fusion-accordian  #accordian-1 .toggle-content{font-family:var(--awb-typography4-font-family);font-weight:var(--awb-typography4-font-weight);font-style:var(--awb-typography4-font-style);}.fusion-accordian #accordian-1 .fa-fusion-box { background-color: var(--awb-color7) !important;border-color: var(--awb-color7) !important;}.fusion-accordian #accordian-1 .panel-title a:hover,.fusion-accordian #accordian-1 .panel-title a.hover { color: var(--awb-color4);}.fusion-faq-shortcode .fusion-accordian #accordian-1 .fusion-toggle-boxed-mode:hover .panel-title a { color: var(--awb-color4);}.fusion-accordian #accordian-1 .panel-title .active .fa-fusion-box,.fusion-accordian #accordian-1 .panel-title a:hover .fa-fusion-box,.fusion-accordian #accordian-1 .panel-title a.hover .fa-fusion-box { background-color: var(--awb-color4)!important;border-color: var(--awb-color4)!important;}<\/style><div class=\"fusion-faq-shortcode\" style=\"\"><div class=\"fusion-faqs-wrapper\"><div class=\"accordian fusion-accordian\"><div class=\"panel-group \" id=\"accordian-1\"><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-1364 compliance-market \"><span class=\"entry-title rich-snippet-hidden\">How to use offset in an ETS?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/vncarbonmarket.com\/en\/author\/webmaster\/\" title=\"Posts by webmaster\" rel=\"author\">webmaster<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2023-12-21T14:07:05+07:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-1364\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-1364\" href=\"#collapse-1-1364\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">How to use offset in an ETS?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-1364\" aria-labelledby=\"faq_1-1364\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p><span style=\"font-weight: 400;\">Depending on the provisions of the ETS an eligible offset can be used by an enterprise in lieu of an allowance.<\/span><\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-1362 compliance-market \"><span class=\"entry-title rich-snippet-hidden\">What are the penalties in ETS?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/vncarbonmarket.com\/en\/author\/webmaster\/\" title=\"Posts by webmaster\" rel=\"author\">webmaster<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2023-12-21T14:06:06+07:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-1362\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-1362\" href=\"#collapse-1-1362\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What are the penalties in ETS?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-1362\" aria-labelledby=\"faq_1-1362\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p><span style=\"font-weight: 400;\">An enterprise that violates (or fails to comply with) the requirements of the ETS should be subject to penalties. Such penalties should be predictable, transparent, significant so as to rectify the violation and deter future non-compliance. Penalties can require the offending enterprise to pay fines and may subject enterprise personal to civil and\/or criminal consequences.<\/span><\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-1360 compliance-market \"><span class=\"entry-title rich-snippet-hidden\">What does compliance mean in an ETS?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/vncarbonmarket.com\/en\/author\/webmaster\/\" title=\"Posts by webmaster\" rel=\"author\">webmaster<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2023-12-21T14:03:31+07:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-1360\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-1360\" href=\"#collapse-1-1360\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What does compliance mean in an ETS?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-1360\" aria-labelledby=\"faq_1-1360\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p><span style=\"font-weight: 400;\">An enterprise that is subject to an ETS is said to be in compliance when it has satisfied all obligations of the ETS including, but not limited to those related to MRV, market engagement, the holding and subsequent surrender of a quantity of allowances and\/or offsets that is equal to the quantity of emissions released by the enterprise.<\/span><\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-1358 compliance-market \"><span class=\"entry-title rich-snippet-hidden\">What is the vintage of allowances?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/vncarbonmarket.com\/en\/author\/webmaster\/\" title=\"Posts by webmaster\" rel=\"author\">webmaster<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2023-12-21T14:01:54+07:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-1358\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-1358\" href=\"#collapse-1-1358\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What is the vintage of allowances?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-1358\" aria-labelledby=\"faq_1-1358\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p><span style=\"font-weight: 400;\">The vintage of an an allowance is the first period of time (typically, a year) when the allowance can be used to satisfy an enterprise\u2019s compliance obligation. Depending on the requirements of the ETS, prior year allowances can be banked and carried forward into subsequent years where such allowances can be used to satisfy subsequent (and thereafter) compliance obligations.<\/span><\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-1356 compliance-market \"><span class=\"entry-title rich-snippet-hidden\">What is an emission allowance?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/vncarbonmarket.com\/en\/author\/webmaster\/\" title=\"Posts by webmaster\" rel=\"author\">webmaster<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2023-12-21T14:38:50+07:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-1356\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-1356\" href=\"#collapse-1-1356\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What is an emission allowance?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-1356\" aria-labelledby=\"faq_1-1356\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p><span style=\"font-weight: 400;\">A government issued instrument that provides enterprises included in the ETS with the ability to emit one tonne of the regulated CO2e in accord with the conditions of the ETS. Typically, emission allowances are issued with \u2018vintage\u2019 designations which define the time period (typically, a particular year) in which the allowances can be first surrendered by enterprises to the ETS-administering entity. If allowed by the ETS, an allowance can be surrended in the defined year (vintage) or any year thereafter.<\/span><\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-1352 compliance-market \"><span class=\"entry-title rich-snippet-hidden\">What companies need to prepare for the participation in Vietnam\u2019s future ETS and carbon market?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/vncarbonmarket.com\/en\/author\/webmaster\/\" title=\"Posts by webmaster\" rel=\"author\">webmaster<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2023-12-09T10:52:16+07:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-1352\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-1352\" href=\"#collapse-1-1352\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What companies need to prepare for the participation in Vietnam\u2019s future ETS and carbon market?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-1352\" aria-labelledby=\"faq_1-1352\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>What companies need to prepare for the participation in Vietnam\u2019s future ETS and carbon market?<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-1265 compliance-market \"><span class=\"entry-title rich-snippet-hidden\">What companies are likely to participate in Vietnam\u2019s future ETS?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/vncarbonmarket.com\/en\/author\/webmaster\/\" title=\"Posts by webmaster\" rel=\"author\">webmaster<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2023-12-25T14:58:13+07:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-1265\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-1265\" href=\"#collapse-1-1265\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What companies are likely to participate in Vietnam\u2019s future ETS?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-1265\" aria-labelledby=\"faq_1-1265\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>According to results from the project Viet Nam Partnership for Market Readiness (VN PMR) steel, cement, and thermal power sectors are likely the potential entities regulated under Vietnam&#8217;s pilot ETS. These are companies with high emission profiles, reliable and available data for MRV, and high emission reduction potential.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-1261 compliance-market \"><span class=\"entry-title rich-snippet-hidden\">What is the development roadmap of the ETS in Vietnam?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/vncarbonmarket.com\/en\/author\/webmaster\/\" title=\"Posts by webmaster\" rel=\"author\">webmaster<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2023-12-25T13:41:46+07:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-1261\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-1261\" href=\"#collapse-1-1261\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What is the development roadmap of the ETS in Vietnam?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-1261\" aria-labelledby=\"faq_1-1261\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Decree No.06\/2022\/ND-CP of the Government dated 07 January 2022 on mitigation of greenhouse gas emission and protection of the ozone layer sets out the development road map for the national carbon market under Article 17 as follows.<\/p>\n<p>&#8220;<em>1. The period up to the end of 2027<\/em><\/p>\n<p><em>a) Formulating regulations on the management of carbon credits, activities on the exchange of GHG emission allowances carbon credits; formulating operation rules of the carbon trade exchange (CTX);<\/em><\/p>\n<p><em>b) Pilot a domestic carbon crediting mechanism for potential sectors and guide the operation of domestic and international carbon exchange and cediting mechanisms following the law and the international treaties to which the Socialist Republic of Vietnam is a signatory.<\/em><\/p>\n<p><em>c) Establishing and organizing the operation of a pilot CTX from 2025;<\/em><\/p>\n<p><em>d) Carrying out activities to improve capacity and raise awareness about carbon market development.<\/em><\/p>\n<p><em>2. The period from 2028 onwards<\/em><\/p>\n<p><em>a) Official operation of the CTX in 2028;<\/em><\/p>\n<p><em>b) Consider the linkage of domestic, regional, and global carbon markets.<\/em>&#8221;<\/p>\n<p>&nbsp;<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-1252 compliance-market \"><span class=\"entry-title rich-snippet-hidden\">What steps to take when developing an ETS?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/vncarbonmarket.com\/en\/author\/webmaster\/\" title=\"Posts by webmaster\" rel=\"author\">webmaster<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2023-12-25T14:00:36+07:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-1252\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-1252\" href=\"#collapse-1-1252\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What steps to take when developing an ETS?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-1252\" aria-labelledby=\"faq_1-1252\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>There is a lot of work required for the establishment of an ETS. The process of ETS design is iterative rather than following step by step. According to &#8220;<a href=\"https:\/\/vncarbonmarket.com\/publications\/emissions-trading-in-practice-a-handbook-on-design-and-implementation-2nd-edition\/\">Emissions Trading In Practice: A Handbook on Design and Implementation<\/a>&#8220;, the designing and implementing an ETS can follow a 10-step process, these include:<\/p>\n<p>Step 1: Prepare<\/p>\n<p>Step 2: Engage stakeholders, communicate and build capacity<\/p>\n<p>Step 3: Decide the scope<\/p>\n<p>Step 4: Set the cap<\/p>\n<p>Step 5: Distribute allowances<\/p>\n<p>Step 6: Promote a well-functioning market<\/p>\n<p>Step 7: Ensure compliance and oversight<\/p>\n<p>Step 8: Consider the use of offsets<\/p>\n<p>Step 9: Consider linking<\/p>\n<p>Step 10: Implement, evaluate, and improve<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-text fusion-title-size-one\"><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:40;line-height:1.25;\"><strong>Voluntary market<\/strong><\/h1><\/div><style type=\"text\/css\">.fusion-faqs-wrapper #accordian-2 .fusion-panel { border-color:hsla(var(--awb-color5-h),var(--awb-color5-s),var(--awb-color5-l),calc( var(--awb-color5-a) - 97% )); }.fusion-faqs-wrapper #accordian-2 .fusion-panel:hover{ border-color: hsla(var(--awb-color5-h),var(--awb-color5-s),var(--awb-color5-l),calc( var(--awb-color5-a) - 97% )); }.fusion-accordian #accordian-2 .panel-title a .fa-fusion-box:before{ font-size: 16px;width: 16px;}.fusion-accordian #accordian-2 .panel-title a .fa-fusion-box{ color: var(--awb-color1);}.fusion-accordian  #accordian-2 .panel-title a{font-family:var(--awb-typography1-font-family);font-weight:var(--awb-typography1-font-weight);font-style:var(--awb-typography1-font-style);}.fusion-accordian  #accordian-2 .panel-title a:not(:hover){}.fusion-accordian  #accordian-2 .toggle-content{font-family:var(--awb-typography4-font-family);font-weight:var(--awb-typography4-font-weight);font-style:var(--awb-typography4-font-style);}.fusion-accordian #accordian-2 .fa-fusion-box { background-color: var(--awb-color7) !important;border-color: var(--awb-color7) !important;}.fusion-accordian #accordian-2 .panel-title a:hover,.fusion-accordian #accordian-2 .panel-title a.hover { color: var(--awb-color4);}.fusion-faq-shortcode .fusion-accordian #accordian-2 .fusion-toggle-boxed-mode:hover .panel-title a { color: var(--awb-color4);}.fusion-accordian #accordian-2 .panel-title .active .fa-fusion-box,.fusion-accordian #accordian-2 .panel-title a:hover .fa-fusion-box,.fusion-accordian #accordian-2 .panel-title a.hover .fa-fusion-box { background-color: var(--awb-color4)!important;border-color: var(--awb-color4)!important;}<\/style><div class=\"fusion-faq-shortcode\" style=\"\"><div class=\"fusion-faqs-wrapper\"><div class=\"accordian fusion-accordian\"><div class=\"panel-group \" id=\"accordian-2\"><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-1372 voluntary-market \"><span class=\"entry-title rich-snippet-hidden\">What project types are eligible for carbon credits generation?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/vncarbonmarket.com\/en\/author\/webmaster\/\" title=\"Posts by webmaster\" rel=\"author\">webmaster<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2023-12-21T13:59:41+07:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_2-1372\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-2\" data-target=\"#collapse-2-1372\" href=\"#collapse-2-1372\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What project types are eligible for carbon credits generation?<\/div><\/a><\/h4><\/div><div id=\"collapse-2-1372\" aria-labelledby=\"faq_2-1372\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>A wide range of project types can generate carbon credits, depending on the standard. Each standards publishes a list of methodologies, the project proposal must follow one of those eligible methodologies in order to be able to generate carbon credits. Some common examples include:<\/p>\n<p>Clean energy, energy efficiency, improved forest management, reduction of deforestation and afforestation, conservation, methane recovery from landfills, compostage, among others.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-1370 voluntary-market \"><span class=\"entry-title rich-snippet-hidden\">What does \u201cadditionality\u201d mean and why it is important when developing an offset project?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/vncarbonmarket.com\/en\/author\/webmaster\/\" title=\"Posts by webmaster\" rel=\"author\">webmaster<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2023-12-21T14:35:34+07:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_2-1370\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-2\" data-target=\"#collapse-2-1370\" href=\"#collapse-2-1370\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What does \u201cadditionality\u201d mean and why it is important when developing an offset project?<\/div><\/a><\/h4><\/div><div id=\"collapse-2-1370\" aria-labelledby=\"faq_2-1370\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>A key aspect of carbon market participation is to ensure that the activities under the carbon market are additional, and do not happen under \u2018business as usual\u2019.<\/p>\n<p>Additionality is crucial for the integrity of the voluntary carbon market. Without it, credits could represent reductions that would have happened naturally, invalidating their claim to offset emissions.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-1368 voluntary-market \"><span class=\"entry-title rich-snippet-hidden\">How carbon credits are generated?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/vncarbonmarket.com\/en\/author\/webmaster\/\" title=\"Posts by webmaster\" rel=\"author\">webmaster<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2023-12-21T13:56:53+07:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_2-1368\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-2\" data-target=\"#collapse-2-1368\" href=\"#collapse-2-1368\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">How carbon credits are generated?<\/div><\/a><\/h4><\/div><div id=\"collapse-2-1368\" aria-labelledby=\"faq_2-1368\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Carbon credits are generated through the development of projects that reduce or remove greenhouse gases. These projects must follow the steps of a project cycle process: project design, validation of project description, monitoring, reporting and verification of emission reductions.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-1366 voluntary-market \"><span class=\"entry-title rich-snippet-hidden\">Who is responsible for certifying carbon credits (What are carbon crediting mechanism\/standards)?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/vncarbonmarket.com\/en\/author\/webmaster\/\" title=\"Posts by webmaster\" rel=\"author\">webmaster<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2023-12-21T13:55:40+07:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_2-1366\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-2\" data-target=\"#collapse-2-1366\" href=\"#collapse-2-1366\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Who is responsible for certifying carbon credits (What are carbon crediting mechanism\/standards)?<\/div><\/a><\/h4><\/div><div id=\"collapse-2-1366\" aria-labelledby=\"faq_2-1366\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Several independent, third-party organizations certify carbon credits based on rigorous standards. Some well-known standards include:<\/p>\n<ul>\n<li>Verified Carbon Standard (VCS)<\/li>\n<li>Gold Standard (GS)<\/li>\n<li>Climate Action Reserve (CAR)<\/li>\n<li>Clean Development Mechanism (CDM)<\/li>\n<\/ul>\n<p>These standards ensure credibility and transparency in the voluntary carbon market by establishing methodologies for project development, measurement, verification, and issuance of credits.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-1267 voluntary-market \"><span class=\"entry-title rich-snippet-hidden\">What are carbon credits and the differences between carbon credits and emission allowances?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/vncarbonmarket.com\/en\/author\/webmaster\/\" title=\"Posts by webmaster\" rel=\"author\">webmaster<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2023-12-21T13:52:58+07:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_2-1267\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-2\" data-target=\"#collapse-2-1267\" href=\"#collapse-2-1267\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What are carbon credits and the differences between carbon credits and emission allowances?<\/div><\/a><\/h4><\/div><div id=\"collapse-2-1267\" aria-labelledby=\"faq_2-1267\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p><strong>Carbon credits:<\/strong> Represent verified reductions or removals of one metric ton of greenhouse gases (GHGs), most commonly carbon dioxide (CO2). These credits are generated through projects that prevent or remove emissions (e.g., renewable energy projects, and forest conservation). Companies or individuals can purchase carbon credits to offset their emissions.<\/p>\n<p><strong>Emission allowances:<\/strong> Permits issued by a government or regulatory body to allow emitting a specific amount of GHGs within a cap-and-trade system. Unlike credits, allowances are generally freely allocated or auctioned, and companies can trade them.<\/p>\n<p><strong>Key differences:<\/strong><\/p>\n<ul>\n<li><strong>Origin:<\/strong> Credits originate from emission reduction\/removal projects, while allowances are permissions within a regulated cap-and-trade system.<\/li>\n<li><strong>Trading:<\/strong> Both can be traded in voluntary or compliance markets, but allowances are typically only for regulated entities within a cap-and-trade system.<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":1508,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"100-width.php","meta":{"footnotes":""},"class_list":["post-1254","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/pages\/1254"}],"collection":[{"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/comments?post=1254"}],"version-history":[{"count":5,"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/pages\/1254\/revisions"}],"predecessor-version":[{"id":1511,"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/pages\/1254\/revisions\/1511"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/media\/1508"}],"wp:attachment":[{"href":"https:\/\/vncarbonmarket.com\/en\/wp-json\/wp\/v2\/media?parent=1254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}