Australia Awards Short Course: Building Blocks for Domestic Carbon Market through Enhancing GHG Inventory and Reporting Capability

On Tuesday, March 26, the Australia Awards short course delved into the crucial topic of “Building blocks for domestic carbon markets through enhancing greenhouse-gas inventory and reporting capability”. This course is built on the success of the inaugural course with the Ministry of Natural Resources and Environment, both delivered by Curtin University and supported by Aus4Skills program.

As a guest speaker, Ms. Nguyen Thi Minh Hue, Project Director at KLINOVA shed light on two critical areas:

GHG accounting in manufacturing and energy sectors

Opportunities and challenges of GHG inventory in Vietnam.

Ms. Hue equipped participants with valuable knowledge on calculation tools and practical examples for accurately measuring GHG emissions. Depending on the levels of GHG inventory standards, and the scope and emission sources, organizations will develop different inventory plans. This detailed understanding is essential for establishing a robust carbon market.

In addition, Ms. Hue provided a comprehensive analysis of the current state of GHG inventories in Vietnam. She highlighted the opportunities for improvement and the challenges that need to be addressed to ensure effective carbon market implementation. Vietnam has many opportunities to develop an effective greenhouse gas (GHG) inventory system. International policies and commitments such as the Paris Agreement create the legal framework and direction for GHG inventory activities.

Technological advances such as remote sensing, artificial intelligence that improve accuracy, and cooperation with international organizations and partners can also provide support in this area. On the other hand, Vietnam is still facing many challenges in greenhouse gas (GHG) inventory such as limitations in data quality, technology, capacity,…

The Australia Awards Short Course offered valuable insights and lesson-learnt in how transparent GHG reporting contributes to the high-quality carbon credits generation and offsetting, carbon leakage prevention, including carbon border adjusting mechanisms. At the same time, the course contributes to strengthening institutional links between Vietnam and Australia in GHG inventory and reporting, as well as establishing and operating carbon markets.