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29 May 2024

Thai Economy

Getting to know carbon credit trading in Thailand (Current Issue No.3500 Full Ed.)

คะแนนเฉลี่ย

Getting to know carbon credit trading in Thailand
  • The Thailand Voluntary Emission Reduction Program (T-VER) was introduced by the Thailand Greenhouse Gas Management Organization (TGO) to support registration and carbon credit certification for projects participating in the program.
  • Carbon credit trading in Thailand began in 2016 and has thus far (to April 2024) reached a total volume of 3,258,033 tCO2eq, with a total trading value of THB 292 million, at an average price of THB 89.6 per ton.
  • Operating costs remain a key barrier to the growth of Thailand’s carbon credit market, especially for small project developers that lack sufficient funding. Relevant agencies therefore need to help address this challenge.

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