Legal Framework for the Carbon Credit Market in Vietnam - Lessons From the Eu Emissions Trading System
Keywords:
Carbon credit market, EU- ETS, greenhouse gas marketAbstract
The overall goal of a carbon credit market is to reduce emissions cost- effectively through the creation of permits and their commercialization. However, for a carbon market to function effectively, its elements must be regulated by a suitable and compatible legal regime. As with any asset or legal instrument, understanding the legal nature of carbon credits is crucial for assessing and controlling their trading and the potential risks for trading parties. This article analyzes the carbon credit market and the EU-ETS regulations governing its operation. It also examines Vietnam's legal system regarding the carbon credit market, identifying existing loopholes. Based on EU-ETS regulations, the article offers recommendations to improve the legal framework for Vietnam's carbon credit market.
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Copyright (c) 2026 Le Thi Minh
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
This is an open access article under the term of Creative Commons Attribution-NonCommercial 4.0 International license (CC BY-NC 4.0). This license permits the users to use, reproduce, disseminate, or display the article in any medium provided that the authors are the original creators and that the reuse is restricted to non-commercial purposes, i.e., is attributed to research or educational use and the work is also properly cited.
