Energy Absolute is generating the carbon credits by launching a fleet of 4,000 electric buses in Bangkok. (Photo: EA Group)
Thai electric bus operator, Energy Absolute, announced on Jan 8 that it had sold the first carbon offsets under a new system established by the Paris Agreement to a Swiss fossil fuel group, a major landmark for putting into action the United Nations climate accord.
The Paris Agreement allows for governments and companies to offset some of their emissions by paying for steps to cut climate pollutants elsewhere. Those offsets are packaged as credits, each equivalent to reducing one metric ton of carbon dioxide emissions.
