SOME EXPERIENCES FOR VIETNAM TOWARDING GREEN ECONOMY IN THE NEW ERA BASED ON THE EU AND CHINESE LAW ON CARBON MARKET

Authors: Mai Dac Bien & Mai Thu Hang

ABSTRACT

For many countries in the world, the carbon market is not a new issue, but the legal framework is still one of the contents that receives much attention and is constantly being improved, especially in the European Union (EU) and China. In recent years, Vietnam has increasingly paid attention to the carbon market not only from an economic perspective but also as an effective solution to adapt to climate change in order to achieve sustainable development goals in the new era. The article raises the research issue of shaping and operating the carbon market in the EU and China from a legal perspective, thereby providing suggestions for building a legal framework and carbon market model in the future.

Keywords: Carbon market; EU; China; Vietnam

REFERENCES

  • Communist Party of Vietnam, Documents of the 13th National Congress of Delegates, Volume II, National Political Publishing House Truth, 2021, p107.
  • Directive (EU) 2018/410 of 14 March 2018 amending Directive 2003/87/EC
  • EU ETS handbook – European Commission, 2015
  • Regulation No 2023/2830 of 17 October 2023 supplements Directive 2003/87/EC of the European Parliament and of the Council by laying down rules on the timing, administration and other aspects of the auction of greenhouse gas emission allowances.
  • EU Delegation Regulation 2019/1124 of 13 March 2019 amending Delegation Regulation 2019.1122 relating to the operation of the European Union Registration Authority under EU Regulation 2018/842.
  • Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the “Market Abuse Regulation -MAR”)

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