26 June 2023

Carbon Markets Club Marks Second Anniversary

  • From 11 founding members, to over 300 members, both organizations and individuals
  • Trading volume of carbon credits and RECs total 800,000 tons CO2 equivalent
  • Introducing “ECOLIFE for CMC” application, encouraging individuals and organizations to 'Abate, Avoid, Action' to help protect the planet.
  • Carbon footprint calculator for corporate members available on CMC website in Q3/2023.

Carbon Markets Club (CMC) organized the event "Abate, Avoid, Action with Carbon Markets Club" to celebrate its 2nd anniversary, reflecting the success in helping drive Thailand towards the Net Zero GHG Emissions target. Through CMC, a total of over 800,000 tons of CO2 equivalent of TVERs and RECs have been traded. At the event, ECOLIFE for CMC application was introduced to encourage both organizational and individual members to participate in various forms of environmental conservation missions. Additionally, CMC plans to launch carbon footprint calculator for corporate members in the third quarter of 2023 and is working on a carbon credit trading platform which will be available for use soon.

Chaiwat Kovavisarach, Group CEO and President of Bangchak Corporation Plc. welcomed and expressed his appreciation to the participants through online media. He stated that he was delighted that the Carbon Markets Club (CMC), Thailand's first greenhouse gas reduction club, has received significant attention during the past two years. To date there are over 300 members, both organizations and individuals. CMC has been actively involved in supporting the trading of TVERs (Thailand Voluntary Emission Reduction), as well as RECs (Renewable Energy Certificates) with total trading volume of TVERs of over 300,000 tons of CO2 equivalent, and the total trading volume of RECs exceeded 1 million megawatt-hours, equivalent to approximately 800,000 tons of CO2 equivalent in total, or an estimate of planting over 90 million 10-year-old trees. CMC will continue to collaborate with various stakeholders and create innovative tools and activities for the continuous benefit of its members, such as carbon footprint calculator for corporate members and carbon credit trading platform on the CMC website.

The event featured an address on "Road to Decarbonization" by Associate Professor Dr. Thon Thamrongnawasawat, Thailand’s leading environmental expert and a CMC website contributor. There was also a panel discussion "Abate, Avoid, Action" introducing the ECOLIFE for CMC application. Panelists include Gloyta Nathalang, Executive Vice President, Corporate Branding, Communication and Sustainability Activation, Bangchak Corporation Plc. and CMC Chairperson, Pipat Apiruktanakorn Chief Executive Officer, KidKid Co., Ltd., developer of the ECOLIFE application. They were also joined by May, View, and Jue, carbon-neutral badminton athletes from Banthongyod Badminton School to share their experience in "Abate, Avoid, Action” in daily lives to help combat global warming.

The participants demonstrated how to use the application and invited organizational and individual members to download the application to use at Eco Destinations on Eco Map, such as Inthanin Coffee Shops, EV charging stations at Bangchak service stations, battery swapping stations for Winnonie electric motorbikes, used beverage cartons drop off points under “Green Shelter” project, used cooking oil collection points under “Fry to Fly” project for conversion into Sustainable Aviation Fuel (SAF), collection points for orphan waste project, among others. More destinations will be added in due course. Through these initiatives, members can accumulate Eco Points, which can be redeemed for souvenirs or participate in tree-planting activities. Initially, Show No Limit Co., Ltd., led by Pongsuk Hiranprueck, CEO and Founder, was the first pilot organization to experiment “ECOLIFE for CMC” application for organization which has received positive feedback from their executives and employees.

The event also featured exhibition displays on sustainability from partners namely Mae Fah Luang Foundation under the Royal Patronage, the Stock Exchange of Thailand, and "Thai Rice NAMA" by Oam Suk Social Enterprise. It was attended by over 120 founding members and CMC members; organizational and individual, as well as executives from partner organizations, interested individuals and media representatives.

CMC was established on 28 June 2021 by 11 founding member organizations namely, Bangchak Corporation Public Company Limited, Electricity Generating Authority of Thailand (EGAT), BCPG Public Company Limited, BBGI Public Company Limited, Charoen Pokphand Group Company Limited, Shell Company of Thailand, Kasikornbank Public Company Limited, Bank of Ayudhya Public Company Limited, Tetra Pak (Thailand) Company Limited, Bangkok Industrial Gas Company Limited, BTS Group Holdings Public Company Limited, with a common objective to support, disseminate, and promote knowledge about climate change and support the trading of carbon credits and renewable energy certificates, a tool to help drive energy transition.

Gloyta Nathalang, CMC Chairperson stated, "In addition to our role in facilitating and supporting carbon credit trading in Thailand, which is already a voluntary market, CMC also actively promotes awareness of climate change, carbon footprint assessment, and offsetting, and related matters through various channels to raise public awareness. This includes the 'Did You Know?’ Communication series on Facebook, online webinars, monthly articles 'Road to Decarbonization the Series' by Associate Professor Dr. Thon Thamrongnawasawat, and articles from corporate members, knowledge sharing in various forums, as well as carbon offsetting for individuals and events to become carbon neutral. Today, I feel honoured and delighted to meet many individuals and companies who have joined us to take climate action together. I would like to express my sincere gratitude to everyone for their continuous support.

On behalf of the Carbon Markets Club, I would like to invite everyone to become our member without any cost. In addition to the knowledge shared through various channels as mentioned earlier, individual members can also take part in activities through the “ECOLIFE for CMC” application or purchase carbon credits to offset their personal carbon footprint. Meanwhile, corporate members wishing to take climate action can purchase carbon credits or RECs or offer them for sale on our CMC Marketplace. They can also share knowledge through articles on our website or speaking in online seminars as well as participating in other activities as appropriate. We also invite corporate members to propose locations to become Eco Destinations and to use “ECOLIFE for CMC” application as a tool for their internal awareness building activities. CMC warmly welcomes everyone to "Abate carbon emissions, Avoid harming the environment, Action everyday" with us for the sustainable future of our planet. For more information, please visit our website at” Gloyta concluded.