Carbon Credit
Carbon Credit is the amount of greenhouse gases that are reduced or stored and not released into the environment from project operations and being certified by a certification body. Carbon credits in Thailand are obtained through the Thailand Voluntary Emissions Reduction (T-VER) program and certified by the Thailand Greenhouse Gas Management Organization (Public Organization), where it is measured in tons of carbon dioxide equivalent (tCO2eq).
The number of carbon credits obtained from the project will be valued at the amount (price) per tCO2eq and can be traded in the carbon market with agencies or organizations that want carbon credits to offset greenhouse gas emissions (Carbon Offsetting) either in the corporate, product, and event level
A greenhouse gas reduction project that can be developed into a T-VER project must fall into the following project categories :
- Renewable energy development, such as the production or use of renewable energy fuel modification
- Enhancing energy efficiency, such as using highly efficient machinery, recovery of waste heat or cold to use, optimizing the power generation system heating system or cooling system
- Management in the transport sector, e.g. changing travel modes, utilizing biofuels in transportation, the use of hybrid/electric vehicles
- Waste management, e.g. avoiding methane emissions from wastewater, sorting and recovering plastic waste, production of fertilizers / soil conditioners from organic waste
- Agriculture, such as the proper use of fertilizers and perennial farming crops
- Reforestation / trees
- Forest Conservation / Restoration
As a One Stop Service LNG partner, BTSG also helps assist a customer, who requires carbon credit, to coordinate with TGO in issuing carbon credit from T-VER to provide the customer with the best interest.
