Carbon Credits (Carbon Credit) is The amount of greenhouse gases that is reduced or stored Not released into the environment from the project and has been certified by a certifying agency. The unit is “Tons of carbon dioxide equivalent. (tCO2eq)” for in Thailand Carbon credits are certified by theGreenhouse Gas Management Organization (TGO), Ministry of Natural Resources and Environment.
Projects related to making carbon credits Therefore, it is a project that focuses on reducing or storing the amount of greenhouse gases. These projects can take many forms, such as tree planting projects. Renewable energy projects Project to improve energy efficiency, etc.
Types of projects involving carbon credits
Greenhouse Gas Reduction Project
It is a project carried out to reduce greenhouse gas emissions from the original level, such as
- Project to increase energy efficiency in buildings
- Project to produce electricity from solar energy
- Project to change to clean energy
- Project to reduce chemical use
- Solid waste management project
- Community wastewater management project
- Project using recycled materials
- Bringing methane gas back to use
- Industrial wastewater management
- Reducing, absorbing, and sequestering greenhouse gases from the forestry and agriculture sectors.
Carbon Sequestration Project
It is a project carried out to absorb greenhouse gases emitted from the atmosphere, such as
- Reforestation project
- Forest restoration project
- Soil improvement project
- Cover crop planting project
Benefits of doing carbon credits
Creating carbon credits in Thailand This must be done through the Thailand Voluntary Emissions Reduction (T-VER) project, which those who wish to create carbon credits must follow the steps as follows.
- Submit a project registration application to the TAO, specifying details of the project such as the type of project. Project objectives Operation area The amount of greenhouse gases that is expected to be reduced or stored, etc.
- Carry out project plans and prepare performance reports.
- Submit an application for carbon credit certification to the TGO, attaching a performance report and related documentary evidence.
- TGO considers carbon credit certification and issues carbon credit certificates.
Benefits of doing carbon credits
Carbon credits are beneficial to both the environment and the economy. The benefits of doing carbon credits are as follows:
- Benefits to the Economy Carbon credits can create income for entrepreneurs and communities. From selling carbon credits to organizations or individuals who want to offset greenhouse gas emissions.
- Benefits to the Economy Carbon credits can create income for entrepreneurs and communities. From selling carbon credits to organizations or individuals who want to offset greenhouse gas emissions.
Examples of projects related to carbon credits
- Project BAAC Carbon Credit A project of the Bank for Agriculture and Agricultural Cooperatives (BAAC) under the concept of “creating income for the community. Return to nature” with a focus on encouraging community tree banks to sell carbon credits to bring income to develop the community and promote further tree planting.
- Million Rai Reforestation Project A government and private sector project under the concept of "Reforestation, Restoring the Environment", focusing on planting forests to increase green areas and reduce the amount of greenhouse gases.
- Floating solar energy project Government and private sector projects under the concept of “clean energy New Alternative” focusing on installing solar panels on the surface of the water to generate electricity.
Project trends regarding carbon credits
Projects involving carbon credits are likely to become more popular in the future. Due to the increasingly serious problem of climate change As a result, organizations and individuals have become more focused on reducing greenhouse gas emissions. Carbon credits are therefore one tool that can help organizations and individuals reduce greenhouse gas emissions and alleviate climate change problems.
In addition, carbon credit projects have a lot of potential for growth. This is because Thailand has the potential to reduce or store the amount of greenhouse gases from many different projects, such as reforestation projects. Renewable energy projects Project to improve energy efficiency, etc.
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