Greenhouse gas emissions inventory plays an important role in transforming and implementing Vietnam’s net zero emissions target by 2050. Accordingly, from 2025, businesses are required to conduct greenhouse gas emissions inventories at the request of state management agencies.
Regarding the greenhouse gas inventory capacity of current businesses, Dr. Nguyen Phuong Nam, CEO of KLINOVA, had a session with The National Assembly Television about this issue. Dr. Nam assessed that Vietnamese businesses are aware that production activities must come with the obligation to protect the environment. At the present time, greenhouse gas emissions inventory is a very urgent issue, directly affecting the competitiveness of businesses. However, except for a few FDI enterprises or large enterprises that have implemented it, the majority of remaining enterprises are still facing many difficulties.
Dr. Nam believes that the process of not systematically collecting data is the biggest difficulty that businesses encounter. Businesses need to have access to experts, propaganda sessions, and guidance to be able to conduct their own greenhouse gas inventory and know how to collect data properly in terms of methods and techniques so that the inventory process is implemented transparently and consistently.
According to the latest Draft of the Ministry of Natural Resources and Environment, 341 livestock facilities with emissions of 3,000 tons of CO2 or more, specifically raising 1,000 heads of pigs or 500 heads of large cattle such as buffaloes and cows, will be required to conduct a greenhouse gas inventory. According to Dr. Nam, the requirement for livestock facilities to inventory greenhouse gas is a challenge but an opportunity as well. Besides selling meat and dairy products, livestock facilities that implement good emission reduction activities can also sell carbon credits. However, most livestock farms today raise livestock in a traditional way and are not used to recording relevant data for greenhouse gas inventory. Therefore, to be able to deploy, it is necessary to have a specific and flexible roadmap, giving businesses time to adapt.
It can be said that this is a long-term transformation process because each enterprise’s production process has been permanently established, so the transformation takes time and a roadmap. Inventorying greenhouse gas emissions is the first and most fundamental step for businesses to know their position in the greenhouse gas emission reduction map, thereby making plans to reduce greenhouse gas emissions.
