Illustrative image (Photo: baotainguyenmoitruong.vn)

It will be also responsible for integrating climate change response into strategies and plans; reviewing and updating development strategies and master plans in line with the goals that Vietnam committed at COP26.

Units under the ministry will focus on developing regulations guiding the implementation of the mechanism for exchanging and offsetting carbon credits; those on auction, transfer and exchange of GHG emission quotas.

Regarding solutions to reduce greenhouse gas emissions, the ministry will carry out an assessment of mineral reserves serving the production of energy batteries; survey and assess the potential of offshore wind and radiation for renewable energy development; and test technology of coal gasification, among others.

Attention will be also paid to researching and piloting solutions to store carbon from major emission sources for a number of potential fields and studying solid waste disposal solutions for generating biomass power.

The Ministry of Natural Resources and Environment shall also review and update the national plan on climate change adaptation in 2021-2030, with a vision to 2050; and sketch out tasks for implementing the initiative “UN Decade on Ecosystem Restoration”.