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CBAM

Carbon Border Adjustment Mechanism. In the context of the European Union’s proposed CBAM, the policy places a price on the carbon emissions embedded in specific products imported into the EU that is equal to the carbon price under the EU Emissions Trading System. The policy is designed to prevent carbon leakage, allow a gradual phase-out of free carbon allowances under the EU ETS and to promote carbon pricing policies outside Europe.

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Vietnam’s national carbon market is set to move forward in 2025 with the start of a pilot phase, highlighting progress in a fast-developing regional carbon
The United Nations’ specialised agency for shipping, the International Maritime Organisation (IMO), has for the first time agreed on a system that will put a

VCM

The Voluntary Carbon Market. Describes a market where project-based carbon credits are traded voluntarily and outside the scope of any national law (and regulation).
Vietnam’s national carbon market is set to move forward in 2025 with the start of a pilot phase, highlighting progress in a fast-developing regional carbon
Carbon leakage refers to the unintended migration of carbon-emitting activities away from a jurisdiction that restricts CO2 emissions, and towards a jurisdiction where no such

24 July 2025

GLOSSARY
VCM

The Voluntary Carbon Market. Describes a market where project-based carbon credits are traded voluntarily and outside the scope of any national law (and regulation).

17 July 2025

ARTICLE
Vietnam Moves Ahead with National Carbon Market in 2025

Vietnam’s national carbon market is set to move forward in 2025 with the start of a pilot phase, highlighting progress in a fast-developing regional carbon markets hub in Southeast Asia that also...

14 July 2025

GLOSSARY
Carbon Leakage

Carbon leakage refers to the unintended migration of carbon-emitting activities away from a jurisdiction that restricts CO2 emissions, and towards a jurisdiction where no such restrictions exist. For example, Europe's Emissions Trading System imposes a cost of CO2...

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