Do, Thang NamBurke, Paul2021-10-05Do, Thang Nam and Burke, Paul J. 2021. Carbon pricing in Vietnam: Options for adoption. Energy and Climate Change 2, 100058.2666-2787http://hdl.handle.net/1885/250449This paper investigates options for carbon price adoption in Vietnam, with a focus on model designs capable of meeting the country's updated Nationally Determined Contribution (NDC). We employ an ex-ante policy evaluation across environmental, economic, social, and political dimensions, drawing on interviews with key stakeholders. A multi-criteria analysis is also pursued to provide an overall comparison across policy options. The findings indicate that a relatively low but increasing carbon price could play an important role in steering Vietnam toward meeting its emission reduction targets. A carbon tax has the advantage of simplicity, while an emissions trading scheme would likely be politically easier to introduce. If an emissions trading scheme is established, permit auctioning would be preferable to free allocations on account of revenue benefits and relative simplicity. A key risk is that an overgenerous cap would be set, which would undermine environmental impact.Australian National University Zero-Carbon Energy for the Asia-Pacific Grand Challengeapplication/pdfen-AU© 2021 Elsevier Ltdhttps://creativecommons.org/licenses/by-nc-nd/4.0/carbon pricingclimate policyemissions trading schemegreenhouse gas emissiongreen growthVietnam2021-1210.1016/j.egycc.2021.100058Creative Commons Attribution-NonCommercial-NoDerivs License