HomeInside interLOGInterLOG participates in training on greenhouse gas emissions reduction and carbon mechanisms
InterLOG participates in training on greenhouse gas emissions reduction and carbon mechanisms
Assuming the role of solution creator and carrying the mission of "contributing value and connecting the social community," InterLOG participates in the Workshop on Greenhouse Gas Emissions Reduction and Carbon Mechanisms Training.
In the role of solution creator and carrying the mission of "contributing value and connecting the social community," InterLOG participates in the Workshop on Overview of Greenhouse Gas Reduction Requirements and Carbon Mechanisms - Identifying challenges and initial solutions for businesses, while also connecting manufacturing businesses to raise awareness of greenhouse gas reduction and carbon mechanisms for enterprises.
The workshop is organized by the United States Agency for International Development (USAID) in coordination with the Agency for Enterprise Development - Ministry of Planning and Investment, the Vietnam Industry Support Alliance (VISA) on June 28, 2022, in Ho Chi Minh City.
At the training workshop, USAID experts noted that in the current context, reducing greenhouse gas emissions has become a mandatory requirement for businesses globally and in Vietnam, aiming to minimize negative environmental impacts and move towards sustainable development.
Recently, Decree 06/2022/ND-CP issued on January 7, 2022, regulates the reduction of greenhouse gas emissions and protection of the ozone layer. The government has also laid out a roadmap and methods for reducing greenhouse gas emissions. Decision 01/2022/QD-CP has listed nearly 2,000 businesses required to pilot greenhouse gas emission reporting by 2025. In the coming years, the carbon market will have a profound impact on various economic aspects of the country. Enterprises, especially those with high emission intensities, will need to transform. Therefore, businesses need to raise awareness and take action now to collaborate with the nation in achieving global greenhouse gas emission reduction goals.
Logistics and CCU solution experts participate in training on greenhouse gas emissions reduction and carbon mechanisms.
The Carbon Border Adjustment Mechanism (CBAM) will impose an import tax on goods imported into the EU. This tax will depend on the amount of emissions in production as well as the difference in carbon levels between the EU's ETS and prices in producing countries. Goods subject to CBAM upon entering the EU market will become more expensive unless businesses reduce their greenhouse gas emissions.
Currently, CBAM applies to all imported products in the electricity, iron and steel, fertilizer, aluminum, and cement industries. Businesses have a transitional period of 2 years (from January 1, 2023, to December 31, 2024) to inventory greenhouse gas emissions of businesses as well as emissions of units in the supply chain. In the future, the scope and industries regulated by the CBAM mechanism will continue to expand to include more products. Therefore, CBAM will have a significant impact on Vietnam's export businesses to the EU in the future. This mechanism could affect the competitiveness of many Vietnamese export businesses in the EU market.
Economic experts suggest that businesses exporting to the EU market need to study the CBAM mechanism and have a clear understanding that reducing greenhouse gas emissions is an inevitable global trend. Markets such as the United States, Japan, South Korea, etc., are also building similar mechanisms to fulfill commitments to reduce greenhouse gas emissions, balancing carbon prices between domestic and imported products.
In its pioneering role in creating logistics and supply chain solutions for businesses, through training workshops, InterLOG raises awareness of the importance of reducing greenhouse gas emissions and carbon mechanisms, while also exploring initial solutions for businesses to limit risks, further researching supporting solutions for transporting goods to reduce greenhouse gas emissions and carbon mechanisms, contributing to creating effective supply chain solutions for business customers.
Furthermore, InterLOG helps connect and encourage over 20 customer businesses, including manufacturing plants, to participate in this joint effort. We believe that with small efforts in creating solutions and community connections, spreading awareness and working together for the environment will bring sustainable value to the business community.
