The Bank for Agriculture and Agricultural Cooperatives (BAAC) seeks to acquire 510,000 tonnes of carbon credits over the next five years, according to Chatchai Sirilai, the bank’s president. This move aligns with Thailand’s ambition to achieve carbon neutrality by 2050 and its net-zero target, which aims to equalize greenhouse gas (GHG) emissions and absorption by 2065.
Chatchai revealed that the BAAC is working closely with the Bank of Trees community and another 6,800 communities to back the BAAC Carbon Credit project. He elaborated that this forestry sector carbon credit initiative involves the selling of carbon credits and issuing letters of recognition for the Low Emission Support Scheme (LESS) under the Thailand Greenhouse Gas Management Organization (TGO). The project’s ultimate goal is to meet business targets for lowering GHG…
