Global warming and climate change have become key topics in sustainable development. Governments are increasingly aiming for more stringent requirements on energy efficiency and greenhouse gas (GHG) emissions. Therefore, companies must be able to understand and manage their GHG-related risks to ensure long-term success in a competitive business environment, and to be well prepared to meet regulatory requirements. Brand, country or regional climate policy.

At the COP26 Climate Change Summit in Glasgow, Scotland, UK, all 197 countries participating in the United Nations Framework Convention on Climate Change adopted the Climate Treaty. post-Glasgow. The treaty published on the website of the United Nations Framework Convention on Climate Change (UNFCCC) recognizes that the goal of limiting global temperature rise to 1.50C requires a reduction in global greenhouse gas emissions. rapidly, in which CO2 emissions must be reduced by 45%, CH4 emissions must be reduced by 30% by 2030 compared to 2010 levels, and aim to achieve carbon neutrality (net zero) by 2050, greenhouse gases (GHGs) ) other also need to be deeply reduced.

The Prime Minister affirmed to take strong measures to achieve net zero emissions by 2050

 

What are greenhouse gases?

Greenhouse gases are gaseous components and have the ability to absorb long-wave radiation (infrared radiation) in the Earth's wavelength range, which is reflected from the Earth's surface when illuminated by light. the sun, then dissipates the heat back to the Earth and causes the greenhouse effect.

What is a Greenhouse Gas Inventory?

Greenhouse Gas Inventory is the activity of collecting information and data on sources of greenhouse gas emissions, calculating the amount of greenhouse gas emissions and absorption of greenhouse gases within a defined range and in a specific year. according to methods and procedures issued by competent authorities.

Is a Greenhouse Gas Inventory mandatory?

From January 1, 2022, the 2020 Environmental Protection Law (Law No. 72/2020/QH14) takes effect, stipulating that businesses in the List of greenhouse gas emitting establishments must carry out a Gas Inventory. Greenhouse.

According to Decree 06/2022/ND-CP: Regulations on mitigating greenhouse gas emissions and protecting the ozone layer and Decision 01/2022/QD-TTg promulgating a list of fields and facilities that emit greenhouse gases Glasses must carry out a greenhouse gas inventory:

▪️ 3,000 key facilities are in the list of mandatory inventory and mitigation measures.
▪️ Facilities that are not subject to regulations are encouraged to implement mitigation.

Any business needs a Greenhouse Gas inventory
Businesses that need a Greenhouse Gas Inventory include:

▪️ For businesses with annual greenhouse gas emissions of 3,000 tons of C02 equivalent or more or in one of the following cases:

▪️ Freight transportation companies with total annual fuel consumption of 1,000 tons of oil equivalent (TOE) or more;

▪️ Solid waste treatment facilities with annual operating capacity of 65,000 tons or more;

▪️ Thermal power plants and industrial production facilities with total annual energy consumption of 1,000 TOE or more;

▪️ Commercial buildings with total annual energy consumption of 1,000 TOE or more

Which sectors need a Greenhouse Gas Inventory?
6 areas need to conduct greenhouse gas inventories, including:

1. Construction: energy consumption in the construction industry; industrial processes in construction production;

2. Industrial processes: metallurgy; chemical production; electronics industry; use substitutes for ozone-depleting substances; production and use of other industrial products;

3. Energy: coal, oil, natural gas mining; energy production industry; energy consumption in industry, services, commerce and residential areas;

4. Waste: biological treatment of solid waste; solid waste landfill; burning and exposing waste; wastewater treatment and discharge;

5. Transportation: energy consumption in transportation;

6. Agriculture, forestry, land use: livestock; forestry and land use change; crop; energy consumption in agriculture, forestry and fisheries; other emission sources in agriculture

Benefits of conducting a Greenhouse Gas Inventory
Benefits for businesses when conducting a Greenhouse Gas inventory, specifically:

1. Comply with Vietnamese laws.

2. Meet customer requirements.

3. Attract domestic and foreign investment capital.

4. Optimize management processes and minimize resource waste.

5. Promote sustainable development, strengthen brand image while demonstrating long-term development potential.

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