BCG to pilot carbon credit system

HCM CITY — Bamboo Capital JSC has signed a memorandum of understanding with New Era Energy Ltd. to pilot carbon credit protocol on the blockchain.

New Era will also invest US$50 million to develop BCG’s solar and wind projects this year as part of its commitment to accelerate clean energy adoption in Southeast Asia.

“Innovation and environmental responsibility are at the heart of BCG. We are excited to work with NERA in their efforts to promote clean energy amongst the masses in the world,” said Nguyễn Hồ Nam, chairman of BCG. “The collaboration will be a win-win for all parties.”

New Era is a blockchain-enabled certification platform for measuring the clean energy footprint that aims to take the carbon trading market to the masses.

“The carbon trading market is valued at over $50 billion as of 2017, yet it remains inaccessible to the masses,” Leonard Ng, co-founder of New Era, said.

“Our goal is to raise awareness of climate change and accelerate the adoption of clean energy in Southeast Asia, and we believe with proper verification and certification of clean energy footprint, we can create a rewarding eco-system to encourage individuals to do green.”

Tags Vietnam Bamboo capital Vietnam News news Blockchain New Era Energy carbon credit protocol

Vietnam Airlines to open direct flights to Manila, Philippines

bizhub

Long Sơn petrochemical complex to begin commercial operation in Q3

bizhub

Sacombank rejects rumour chairman banned from leaving the country

bizhub

Vingroup announces additional capital injection into GSM

bizhub

Locally made equipment exported to US market

bizhub

Salon Deluxe Vietnam 2024 exhibition opens in HCM City

More on this story

bizhub

Square Communications enters strategic tie-up with Japan’s Hakuhodo

Square Communications JSC, an integrated marketing communication agency headquartered in HCM City with operations across Việt Nam and Myanmar, said Hakuhodo Inc., Japan’s second largest advertising company, has become a strategic partner.

bizhub

Microchip Technology awards scholarships, books to students

Microchip Technology Inc. awarded 11 scholarships, 200 development tools and 500 books to nearly 2,000 students of five leading national universities at a ceremony in HCM City today.

bizhub

Samsung VN launches first ‘mommy room’ in country

Samsung Việt Nam (SEV) on Monday opened the first utility area called “mommy room” for pregnant and lactating employees.

bizhub

VN enjoys competitive labour costs

ManpowerGroup Vietnam this month celebrated its 10th anniversary in Hà Nội and HCM City, marking a milestone in developing and powering the future of work in Việt Nam

bizhub

Vinachem to accelerate apatite projects

The Việt Nam Chemical National Group (Vinachem) will focus on investment of apatite exploitation projects this year, said the group’s deputy general director, Bùi Thế Chuyên.

bizhub

Mekong Capital completes divestment from Mobile World

Mekong Capital has divested its entire holding in Thế Giới Di Động, also Mobile World Investment JSC, after more than 10 years of investment, the fund announced on January 29.

bizhub

SaigonCo.op joint venture opens store

The joint venture between the country’s leading retailer Saigon Co.op and Singapore’s NTUC FairPrice on January 25 opened its third hypermarket in the country in HCM City’s District 10.

bizhub

Vietjet launches promotional tickets for U23 Vietnam supporters

Vietjet is giving away 23,000 tickets priced from VNĐ23,000 (US$1), to celebrate the victory of U23 Vietnam advancing to the final match of the 2018 AFC U23 Championship.