ESG & Investing
Thailand Launches First Carbon Credit Exchange to Curb Emissions
- Thailand pledged to achieve carbon neutrality by 2050
- Nation eyes becoming carbon trading hub of Southeast Asia
This article is for subscribers only.
Thailand launched its first carbon credit exchange, marking a major step toward the country’s goal to achieve carbon neutrality by 2050 and combat climate change.
The new carbon market, called FTIX, will be operated by the Federation of Thai Industries, which comprises about 12,000 private companies across 45 sectors. Its supporting platform will allow firms and government agencies to buy and sell carbon credits and track their emissions on an online dashboard, said Somphote Ahunai, a vice chairman at the federation and chief executive officer of Energy Absolute Pcl.