Thailand’s voluntary carbon market is a new market with greater potential for growth, provided there are measures in place to support stakeholders on both the supply and demand sides. KResearch proposes the following strategies for further development of the voluntary carbon market:
• Introduction of mandatory mechanisms to promote the use of carbon credits to offset greenhouse gas emissions
• Improvement of project registration, measurement, and certification in conformity with international standards
• Provision of financial support and tax incentives
• Establishment of guidelines and best practices for effective greenhouse gas reduction by the public and businesses
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