Carbon Credit refers to a tradable certificate or permit representing the right to emit or offset a specific amount of carbon dioxide within the industrial and business sectors. The activities used as exchange units involve environmental preservation efforts, such as increasing green spaces through reforestation or adopting clean energy solutions, like solar panel installations.
The Carbon Credit Market is divided into two main categories:
1. Mandatory Carbon Market
This market is established under legal mandates to reduce greenhouse gas emissions. Governments enact legislation and oversee emission limits. Participants are required to meet Legally Binding Targets for emission reductions.
2. Voluntary Carbon Market
This market operates without legal compulsion. Participants voluntarily set their own emission reduction goals, and these targets are considered Non-Legally Binding.
Opportunities in Thailand
Currently, the carbon market in Thailand operates as a Voluntary Carbon Market. Since competition in this sector remains relatively low, it presents a significant strategic business opportunity. Organizations that pioneer these initiatives early will gain a competitive advantage in the sustainable economy.

