7 July 2014
Officials are unsure when Laos will be able to start selling its carbon credits as the state agencies in charge of preparing for the sale have been working far too slowly.
Carbon credits are permits representing the amount of carbon that has not been emitted, showing that the owner has the right to offset that amount of carbon dioxide.
The country’s extensive forest cover can be sold to other countries as carbon credits.
Laos would have started selling carbon credits last year had work progressed well, deputy director general of the Ministry of Agriculture and Forestry’s Forest Department Khamphay Manivong told Vientiane Times at the recent meeting of the REDD + Task Force.
"Up until now Laos has not been able to sell its carbon credits as officials from state agencies in charge of the work do not understand what they were supposed to do, which has affected preparations," he said.
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