TMINews · 2024-09-25 00:00

News · 2024-09-25 00:00

TMI's subsidiary secures registration for a voluntary greenhouse gas reduction project from TGO, enabling carbon credit sales.

TMI's subsidiary, Green Earth Energy, has received official registration from the Thailand Greenhouse Gas Management Organization for its voluntary greenhouse gas reduction project. This approval allows the company to generate and sell carbon credits from its Suphanburi biomass power plant.

This development positions TMI to capitalize on the growing carbon market, especially with the anticipated implementation of a carbon tax by the Excise Department. The project is expected to generate significant revenue from carbon credit sales over the next seven years.

Fast Facts

·Project type: Voluntary Greenhouse Gas Reduction Project (Standard T-VER)
·Approving body: Thailand Greenhouse Gas Management Organization (TGO)
·Annual carbon credit volume: 113,259 tCO2e
·Credit period: 7 years (March 6, 2023 – March 5, 2030)
·Total estimated carbon credits: 792,813 tCO2e