Reported 8 months ago
In recent years, companies have been aggressively planting trees in a bid to obtain carbon credits, but the process is not easy. Apart from meeting three criteria, companies also need to apply and implement suitable methodologies to have a chance at obtaining these credits. The Ministry of Environment admits that obtaining carbon credits through tree planting is time-consuming and costly, suggesting that switching to LED bulbs for energy savings may be quicker. However, planting trees can optimize ESG reports, help with carbon sequestration, and forest management, encouraging private enterprises to plant more trees. The Ministry of Environment has been promoting air quality purification zones since 1995, where companies and private groups can participate in maintenance by sponsoring these sites, contributing to achieving concrete actions for ESG goals. Although the process of obtaining carbon credits through tree planting is challenging, it still offers opportunities for companies to sell these credits on carbon trading platforms. Hence, the Ministry continues to promote tree planting among companies.
Source: YAHOO