TGO partners Mitr Phol in drive to achieve Thailand’s carbon-emission targets
The Thailand Greenhouse Gas Management Organisation (TGO) has joined with Mitr Phol Group in organising a 2018 carbon-emission trading ceremony to encourage the involvement of every sector in addressing global warming.
The ceremony is part of the Thailand Voluntary Emission Reduction Programme (T-VER), an effort to support Thailand’s carbon-emissions targets, which specify a short-term national reduction of 7 per cent to 20 per cent by 2020, and a long-term reduction of 20-25 per cent by 2030, TGO executive director Prasertsuk Chamornmarn said on Monday.
According to the TGOs September report, around 200,000 tonnes of CO2 equivalents are being traded on T-VER’s carbon market.
This carbon credit is generated from five categories of verified emission-reduction projects, namely biogas, biomass, hydro power, solar power and waste-heat recovery.
These projects not only help maximise energy raw materials, but also increase revenue for their developer and encourage the growth of Thailand’s voluntary carbon market, which is currently valued at Bt6.2 million, Prasertsuk said.
Mitr Phol Group is one of the first private companies to pilot and reinforce the involvement of other companies in Thailand’s carbon market.
The TGO is looking forward to witnessing the involvement of more organisations and sectors to help the Kingdom reach its carbon-emissions targets, the executive director added.
