Selex Smart Electric Vehicle Project was successfully registered under the Gold Standard

On March 20, 2025, Selex Smart Electric Vehicle Project, developed by the United Nations Development Programme (UNDP) in collaboration with Selex Motors and PoA Carbon, was successfully registered under the Gold Standard. This is a pioneering initiative, marking the world's first Gold Standard carbon credit project for two-wheeled electric motorbikes.

This initiative is part of UNDP's efforts to support Vietnam in achieving its climate commitments under the Paris Agreement and the goal of net zero emissions by 2050. PoA Carbon, with a team of highly qualified and experienced experts, was selected as the project development consultant, supporting and accompanying UNDP and Selex Motors in developing this project. After a rigorous validation and assessment process, the project earns Gold Standard’s Certified Design status, one of the most premium international carbon credit standards.

The Selex Smart Electric Vehicle Project is being implemented in Hanoi and Ho Chi Minh City with the goal of deploying 90,000 electric vehicles in the period from 2024 to 2028, estimated to generate an average of about 40,000 carbon credits per year. The project replaces gasoline-powered motorbikes with electric ones, contributing to reducing greenhouse gas emissions and contributing to sustainable development goals. With the smart monitoring system equipped on the vehicles, Selex ensures compliance with technical parameters according to the approved methodology, helping to improve operational efficiency and ensuring the accuracy and transparency of carbon credits.

The successful registration of the Selex Smart Electric Vehicle Project is a testament to the potential of carbon credit projects in low-carbon transportation, and is a driving force to expand similar initiatives in the future, contributing to sustainable development goals and mitigating the impacts of climate change.

More information about the project can be found here.

For consultation on developing a carbon credit project, contact PoA Carbon

Email: office@poacarbon.vn

Tel: +84 856 357 968

On April 15, 2026, in Da Nang, the Department of Climate Change (Ministry of Agriculture and Environment), in collaboration with the United Nations Development Programme (UNDP) and PoA Carbon Vietnam Joint Stock Company, organized a workshop titled “Strengthening Capacity for Participation in Vietnam’s Carbon Market”. The event brought together representatives from government agencies, experts, and the business community in Central Vietnam - key stakeholders in the pilot phase of the carbon market for 2025-2026.

Recently, PoA Carbon Vietnam Joint Stock Company (PoA Carbon) was honored to be selected by the United Nations Development Programme (UNDP) in Vietnam as the consulting unit to conduct a study assessing the compliance level of Vietnam’s aviation sector with the regulations of CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation). This marks an important milestone, affirming PoA Carbon’s expertise and position in the field of climate change mitigation and greenhouse gas emission reduction in Vietnam. Within the project framework, PoA Carbon will collaborate with international and domestic experts to carry out a series of in-depth research and consultancy activities, including: a comprehensive assessment of CORSIA’s impact on Vietnam’s aviation sector; analysis of compliance options, focusing on the use of domestic carbon credits; and review of the potential for domestic carbon credits and emission reduction outcomes to meet CORSIA requirements. Based on these findings, PoA Carbon will provide policy and legal recommendations and propose an effective compliance roadmap for Vietnam’s participation in the CORSIA mechanism. Additionally, PoA Carbon will coordinate technical workshops, stakeholder consultations, and consolidate feedback to finalize the project deliverables. The project is expected to last three months, from June to the end of August 2025. With a highly experienced team and extensive expertise, PoA Carbon is committed to delivering comprehensive, practical solutions tailored to the domestic context, contributing to advancing Vietnam’s green transition and carbon market development. For consulting on carbon credit project development, please contact PoA Carbon Email: office@poacarbon.vn Phone: +84 856 357 968

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Selex Smart Electric Vehicle Project was successfully registered under the Gold Standard

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