Workshop highlights the role of carbon finance in Vietnam biogas project
Workshop highlights the role of carbon finance in Vietnam biogas project
Carbon finance has helped scale up the deployment of biogas in Vietnam. The Biogas Program, implemented by Vietnamese Ministry of Agriculture and Rural Development in partnership with SNV, has installed over 145,000 biogas digesters, an average of 25 per day. Biogas digesters reduce CO2 emissions by creating renewable energy and help manage animal waste, improving hygiene. Carbon finance revenues have allowed the project to train more masons in digester construction and maintenance, scaling up the project to benefit a greater number of Vietnamese farm families.
Recently, the Biogas Program hosted a workshop in Hanoi to update government officials and other stakeholders on the effectiveness of the project, the role that the voluntary carbon market has played, and the importance of continuing this work and scaling up.
In addition to presentations from Biogas Program staff, Hoàng Thanh Hà, Nexus’ Technical Manager, briefed the group on carbon markets and the Gold Standard project cycle while Nexus Executive Director, Claire Dufour updated attendees on the present state of the voluntary market and its relationship to the project.
This project demonstrates the ability to turn waste into a solution through targeted capacity building and the leveraging of carbon finance. Nexus is proud to work with leading practitioners to open more doors for low-carbon development.