BCP and BIG Join Hands with Alliance to Create Thailand’s First Carbon Markets Club Encouraging Carbon Credit Trading

Bangkok June 28, 2021 – Bangchak Corporation Public Company Limited (BCP) and Bangkok Industrial Gas Company Limited (BIG) joined hands with leading firms to establish Thailand’s first Carbon Markets Club. The firms signed a memorandum of understanding (MOU) to encourage carbon credit trading and a renewable energy certificate (REC) on a digital platform. This becomes Thailand’s first cooperative attempt to minimize greenhouse gas, support carbon trading, and achieve a net-zero society. The alliance attempts to promote carbon trading through Thailand Voluntary Emission Reduction Program (T-VER) by Thailand Greenhouse Gas Management Organization (TGO) and REC by the Electricity Generating Authority of Thailand (EGAT). This cooperation aims to develop the current trading system from an over-the-counter system into a state-of-the-art digital trading platform. The platform supports e-registration with registration and accreditation agencies, e-carbon trading, and decentralized finance or DeFi.

This online MOU signing ceremony among these 11 founding members of alliance brought together Thailand’s leading firms whose attempt is to reduce effects of greenhouse gas emission through carbon trading. The alliance includes BCP, 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, BTS Group Holdings Public Company Limited, and BIG.

Recorded VDO: Memorandum of Understanding (MoU) Signing Ceremony of the Carbon Markets Club Partnership Establishment