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Friday, May 3, 2024

Markets meant to limit climate change

A 16MW solar farm operated by BCPG, the clean power generation arm of Bangchak Corporation Plc, in Ayutthaya’s Bang Pahan district. Bangchak is spearheading a push for carbon credit trade to help Thailand reduce carbon dioxide emissions.

Attempts to reduce carbon dioxide emissions are not restricted to environmental and technological approaches, as economic instruments are meant to support campaigns against global warming.

New markets have been established to trade carbon credits and promote renewable energy, with the goal to cut greenhouse gas emissions.

The Bangkok Post explores how supply and demand as well as market prices can help build a better climate.

How does carbon credit trading work?

Carbon credit trading is designed…

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