The Australian Embassy in Vietnam has announced a call for partnerships to enable Vietnamese communities to benefit from carbon markets projects in Vietnam. The call for partnerships is made through the Business Partnerships Platform (BPP), a flagship private sector engagement program of the Australian Government.
During COP26, Vietnam’s Prime Minister HE Pham Minh Chinh and Australia’s Prime Minister the Hon Scott Morrison MP also released a joint statement on practical climate action emphasising the need for areas of cooperation in addressing common climate challenges, in alignment with both countries’ new commitments to move to net zero emissions by 2050.
The Business Partnerships Platform (BPP) supports partnerships between the Australian Government and inclusive and sustainable businesses to create lasting social and environmental impact. Through a new BPP Vietnam Call for Carbon Markets Partnerships, the Australian Government is co-investing with strategic partners to catalyse and learn from new carbon market investments and business models in Vietnam.
The BPP Vietnam Carbon Markets Partnerships support organisations to undertake initiatives in two target areas. Partnerships will enable carbon market projects to develop in Vietnam by addressing identified market or inclusion barriers, or pilot and demonstrate best-practice models for generating verified carbon credits contributing to permanent carbon abatement. Partnerships will also create significant and sustainable non-carbon social benefits.
“The growth of carbon markets in Vietnam can deliver sustainable non-carbon benefits to communities while also contributing to verified additional and permanent carbon abatement,” said HE Robyn Mudie, the Australian Ambassador to Vietnam. “This is an exciting opportunity for organisations to partner with the Australian Government to drive innovation in carbon markets in Vietnam and enhance the social benefits they provide.”
The Australian Government will contribute from AUD250,000 to AUD1,000,000 of matched funding to successful initiatives. Organisations are required to match or exceed this amount with a co-contribution of capital or eligible resources.
The application deadline for submission of concept notes is 18 May 2022. For more information and to apply, visit: https://thebpp.com.au/call-for-partnerships/bpp-vietnam-call-for-carbon-market-partnerships/
Applications may be submitted by businesses, non-governmental organisations, academic institutions or other entities, and organisations may apply on their own or in consortiums. Applicant organisations can originate from any country but must be able to operate in Vietnam.
About the BPP
The Business Partnerships Platform (BPP) supports partnerships between the Australian Department of Foreign Affairs and Trade (DFAT) and businesses and their partners to create both development impacts and sustainable commercial returns through their core business operations. For more information, please visit: www.thebpp.com.au
For more information please contact:
Hanoi, Vietnam: Benjamin Davis, First Secretary, Australian Embassy in Hanoi [email protected]
Canberra, Australia: Erin Harris, Communications and Knowledge Manager, the Business Partnerships Platform [email protected]
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Media contact:
Ms Nguyen Thi Le Trang +84 24 3774 0261 [email protected]