ALLOWANCES TRADING MARKET - INTERNATIONAL EXPERIENCE AND RECOMMENDATIONS FOR VIETNAM

Abstract

The allowances market (the mandatory market or ETS market) is considered an effective method to ensure control of greenhouse gas emissions and not hinder economic development. This article introduces the nature of greenhouse gas emissions and the allowances market. The article outlines factors that must be considered and controlled to ensure the market operates safely. The article provides some recommendations for Vietnam in building a framework for the allowances market.