Thai stock market launches carbon credit initiative
The Stock Exchange of Thailand (SET) has joined forces with Krungthai Bank (KTB) and other private-sector partners to develop the country's carbon credit market, with the first auction expected in the second quarter of 2027.
The Stock Exchange of Thailand (SET) has partnered with Krungthai Bank and private companies to create Thailand's carbon credit market, with auction set for Q2 2027. Collaborators include Grab, Thai Airways, ACEIS Electric and Power, and DriverAI. The initiative, backed by a US$200-million World Bank project, aims to create a transparent trading system for carbon credits from low-carbon projects.
KTB CEO Payong Srivanich explained that the market could turn emissions reductions into new income sources, provided high-quality projects connect with genuine buyer demand. The state-owned bank assists in aggregating eligible credits and connecting them with potential buyers, while SET develops an auction platform for transparent transactions.
The partnership aims to expand beyond individual projects and connect with international markets. SET president Asadej Kongsiri emphasized the role of the carbon credit auction platform in linking investment in emissions reductions with private-sector demand. Grab's Managing Director Chantsuda Thananitayaudom highlighted the company's support for the carbon market through its Green Programme, exploring opportunities to purchase carbon credits generated under the project.
Written by urgent.news from Bangkok Post Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
