Room for green economic development from forest carbon credits

  • Forests in Van Canh commune, Gia Lai province. VNA Photo: Vũ Sinh
    Forests in Van Canh commune, Gia Lai province. VNA Photo: Vũ Sinh
  • Rangers and locals in Van Canh commune, Gia Lai province coordinate in forest protection. VNA Photo: Vũ Sinh
    Rangers and locals in Van Canh commune, Gia Lai province coordinate in forest protection. VNA Photo: Vũ Sinh
  • Rangers and locals in Van Canh commune, Gia Lai province coordinated in forest protection. VNA Photo: Vũ Sinh
    Rangers and locals in Van Canh commune, Gia Lai province coordinated in forest protection. VNA Photo: Vũ Sinh
  • With an average of about 5 tonnes per hectare per year, Gia Lai’s forests are estimated to absorb nearly 4.9 million tonnes of carbon dioxide each year. VNA Photo: Vũ Sinh
    With an average of about 5 tonnes per hectare per year, Gia Lai’s forests are estimated to absorb nearly 4.9 million tonnes of carbon dioxide each year. VNA Photo: Vũ Sinh
As climate change intensifies and the global push toward net-zero emissions gathers pace, Vietnam is gradually shaping its carbon market, with forestry identified as a key pillar thanks to forests’ long-term capacity to absorb and store carbon dioxide. With extensive forest resources, Gia Lai province is emerging as a locality with strong potential to develop forest carbon credits, helping turn ecological assets into drivers of green economic growth. Gia Lai covers more than 2.15 million hectares, including nearly 988,000 hectares of forest land. Of this, over 692,700 hectares are natural forests and more than 295,100 hectares are planted forests. Beyond their vital role in environmental protection, climate regulation and disaster prevention, these forests are regarded as a substantial “carbon capital”, providing a solid foundation for participation in domestic and international carbon credit markets. VNA Photo: Vũ Sinh

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