Making Carbon Markets Work for the Poor in Vietnam

The study has found that there is no existing Voluntary Carbon Standard (VCM) in Vietnam but that opportunities exist for poverty reduction projects to derive a source of funding from the international VCMs. It is however impossible at this point in time to quantify the scale of the opportunity as VCMs are in their nascent stages of development and represent a fickle and unreliable income stream that fluctuates significantly with the economy and voluntary sales and prices have declined significantly since the economic crash.