Thailand launches forest sector carbon-credit trade in Khon Kaen

BANGKOK – The purchase was made by the Bank of Agriculture and Agricultural Cooperatives (BAAC) on Wednesday.

The purchase at 3,000 baht per tonne of carbon dioxide was made under the BAAC Carbon Credit project, aiming to encourage people to grow trees to generate income from selling carbon credit.

The project benefits business operators who want to purchase carbon credit to offset the carbon footprint of their operation, while enabling Thailand to mitigate the impact of climate change triggered by greenhouse gas emission.

It is also in line with Thailand Voluntary Emission Reduction Programme (T-VER), which aims to encourage all sectors in the country to conduct activities for greenhouse gas reduction, such as using renewable energy, transport management, tree planting and reforestation.

To further reduce carbon-dioxide emission, which is a part of greenhouse gas, the bank aims…