Quebec’s Cap-and-Trade System for Greenhouse Gas Emission Allowances: Insights for Vietnam’s Upcoming Carbon Market Initiative

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Analysis of Quebec’s cap-and-trade success informs Vietnam’s carbon market initiative, suggesting critical insights for sustainable development.

Quebec's cap-and-trade system shows how structured trading can facilitate carbon market growth and efficiency.
Despite trading for nearly a decade and the implementation of the Paris Agreement, global warming goals remain unmet.
Vietnam aims to establish its carbon market to support its Net Zero target by 2050, benefiting from Quebec's experiences.
The evolution of Quebec’s system highlights valuable tools and insights that can assist Vietnam during its carbon market initiative.

Charles Codère (2025) studied this question.

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Analysis of Quebec’s cap-and-trade success informs Vietnam’s carbon market initiative, suggesting critical insights for sustainable development.