Thailand’s carbon-credit market initiative is dividing work between the Stock Exchange of Thailand (SET) and Krungthai Bank (KTB) to bring smaller projects and company buyers into one market.
SET is developing an auction process for credits generated by low-carbon projects. KTB is combining qualifying credits from smaller projects and introducing them to possible buyers. It is also building a national digital platform to lower transaction costs and widen smaller developers’ market access, the Bangkok Post reported.
SET President Asadej Kongsiri said the first auction is expected during the second quarter of 2027. He said the exchange’s work is intended to direct capital toward emissions cuts and meet businesses’ demand for credits. The platform is also meant to help companies prepare for a mandatory emissions-trading system proposed in Thailand’s draft Climate Change Act.
The Bangkok Post reported that the initiative falls under a $200 million World Bank program, LCC, intended to draw private funding into Thailand’s renewable-energy and efficiency projects. The outlet listed DriverAI, Grab, ACEIS Electric and Power, and Thai Airways International as potential credit buyers.
KTB Chief Executive Payong Srivanich said a carbon market could generate income from greenhouse-gas reductions if high-quality projects reach buyers with genuine demand. He said the initiative aims to serve businesses across Thailand, with the possibility of connecting to international markets under a World Bank Group framework.
Grab Managing Director Chantsuda Thananitayaudom said the company plans to explore buying eligible credits from the project as it works to reduce emissions across its value chain. Grab’s Green Programme also lets users opt to make small contributions to carbon-credit initiatives in Thailand and Southeast Asia when they ride or place orders, she said.
