13 April 2024, Vietnam: Gold Standard and the International Rice Research Institute (IRRI) have released a new resource hub designed to encourage and support the development of sustainable rice production activities in Vietnam, by simplifying rice producers’ access to new income streams from carbon finance.

In 2022, Gold Standard entered into a partnership with IRRI and the Australian Department of Foreign Affairs and Trade (DFAT) through the Business Partnerships Platform (BPP) with the aim of scaling carbon market access for sustainable rice producers in Vietnam. The Rice Sustainability Hub developed through the partnership is the first of its kind for the rice sector in Vietnam, and the resources and tools provided will help sustainable rice project developers across the world.

Margaret Kim, CEO of Gold Standard, said: “In launching the Rice Sustainability Hub, we hope to facilitate not just a significant reduction in methane emissions — a potent greenhouse gas – but also to open new opportunities for income for smallholder farmers, moving us closer to our dual goals of environmental sustainability and economic resilience.”

IRRI Climate Change Specialist, Dr. Katie Nelson: “This new resource hub takes us a step closer to enabling and scaling carbon market access in Vietnam and extends the intended impacts of this partnership to other countries that are operating in similar environments.”

Published Date: April 13, 2024