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Table 2 

Overview of Market-Based Climate Mitigation Instruments in Vietnam

Mechanisms/PolicyPotential Buyers of Carbon CreditsStatus (in 2016)
CDM, UNFCCC offset mechanism Actors in compliance regime (mainly EU) 257 projects registered, few issuinga 
Nine PoAs registeredb 
Voluntary market for project-based emission reductions Private sector (various) Fifteen VCS projectsc 
Thirteen Gold Standardd 
JCM, Japanese bilateral offset mechanism Japanese government, to be used in its NDC Signed agreement in 2013 
Four projects in pipelinee 
Domestic ETS Unclear Mentioned in PM Decision 1775,f no concrete activities 
Mechanisms/PolicyPotential Buyers of Carbon CreditsStatus (in 2016)
CDM, UNFCCC offset mechanism Actors in compliance regime (mainly EU) 257 projects registered, few issuinga 
Nine PoAs registeredb 
Voluntary market for project-based emission reductions Private sector (various) Fifteen VCS projectsc 
Thirteen Gold Standardd 
JCM, Japanese bilateral offset mechanism Japanese government, to be used in its NDC Signed agreement in 2013 
Four projects in pipelinee 
Domestic ETS Unclear Mentioned in PM Decision 1775,f no concrete activities 

aUNEP DTU (2017a), bUNEP DTU (2017b), cVCS (2016), dMarkit (2015), eGovernment of Japan (2016a), fGovernment of Vietnam (2012a).

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