Mitihoon – Mrs. Gloyta Nathalang, Senior Executive Vice President, Sustainability Management and Corporate Communications, Bangchak Corporation Public Company Limited, and Chair of the Carbon Markets Club (CMC), said that CMC, together with BCPG Public Company Limited, a company within the Bangchak Group, and Macao Emission Exchange (MEX), has continued to advance regional carbon market collaboration following the signing of a memorandum of understanding in 2025. The collaboration aims to develop cross-border trading of Renewable Energy Certificates (RECs) and carbon credits (T-VER), and to promote tangible progress in regional carbon markets. Recently, BCPG achieved the first-ever listing of RECs and T-VER credits on the Macau platform, marking an important milestone in connecting international carbon trading platforms with Thailand’s carbon project network under CMC.
Mrs. Gloyta noted that the initial recognition of Thailand’s T-VER projects in overseas markets reflects the country’s gradual progress towards greater regional integration of carbon markets. It also signals an opening for domestic standards to begin participating in broader market mechanisms, in line with government efforts to position Thailand within international carbon market frameworks. However, standards alone are not sufficient; they must be applicable across diverse contexts and gradually build mutual trust, which is fundamental to the long-term development of carbon markets. While T-VER remains a domestic standard, its emerging presence in international platforms—particularly through collaborative arrangements—highlights opportunities to expand market access and enhance liquidity for Thai carbon credits going forward.
CMC works across sectors to connect standards, markets, and demand, while advancing regional collaboration through the ASEAN Common Carbon Framework (ACCF). The focus is not only on alignment, but on enabling practical linkages that can work across different national contexts over time.
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