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Thailand plans to launch the voluntary carbon market in 2027. (Photo: iStock)
Thailand's carbon market is still in its early stages, with its Securities and Exchange Commission estimating that the voluntary carbon market (VCM) will be launched by 2027, ahead of the mandatory market.
The cap on carbon credits for offsetting emissions is set at 15%, matching Taiwan’s limit but significantly exceeding Singapore’s 5%. Thai authorities hope this measure will boost the country’s carbon market development.
Nature-based carbon credits to drive voluntary market
Suraphon Buphakposum, Vice President of Sustainability Services Development at the Stock Exchange of Thailand, shared during the Carbon Forward Asia conference in Singapore that the voluntary carbon market is tentatively set to launch in 2027. The details are still under discussion, but it is expected to focus on nature-based carbon credits, particularly those generated through forestry-related projects.
