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The 6th Asia Clean Energy Forum 2011 at the ADB Headquarters, Manila, Philippines on 23

The 6th Asia Clean Energy Forum 2011 at the ADB Headquarters, Manila, Philippines on 23 June 2011

Carbon and Energy Finance: Domestic Carbon Trading
Carbon and Energy Finance:
Domestic Carbon Trading

Pongvipa Lohsomboon

Carbon Business Office Thailand Greenhouse Gas Management Organization

Thailand Greenhouse Gas Management Organization (Public Organization) (TGO)

Thailand GHG Emission in 2000 ~ 229.08 MtCO2e 69.6% 22.6% 7.2% -3.5% 0 Energy Industrial

Thailand GHG Emission in 2000 ~ 229.08 MtCO2e

69.6% 22.6% 7.2% -3.5% 0 Energy Industrial Agriculture Landuse Wastes change &
69.6%
22.6%
7.2%
-3.5%
0
Energy
Industrial
Agriculture
Landuse
Wastes
change &

Emission

(1000 tons)

120,000

100,000

80,000

60,000

40,000

20,000

4.1%

120,000 100,000 80,000 60,000 40,000 20,000 4.1% forestry

forestry

Sources of emission by sector

Carbon Market in Thailand • Currently, there is no domestic market established in Thailand, but

Carbon Market in Thailand

Currently, there is no domestic market established in Thailand, but Clean Development Mechanism (CDM) was achieved in which carbon offsets are sold to external buyers in international compliance markets.

To strengthen the existence of CDM, Thai government

introduced substantial market incentives such as Thailand

Carbon Fund, tax exemption.

The incentive removes the requirement from developers of

CDM and voluntary emission reduction projects to pay the

standard 30% corporate income tax rate on income derived

from the sale of CERs and VERs.

Objectives of Establishing Voluntary domestic carbon market • Support voluntary GHGs reduction activities • Achieve

Objectives of Establishing Voluntary domestic carbon market

Support voluntary GHGs reduction activities

Achieve cost-effective GHGs reduction

Learn how to manage domestic emission trading / carbon offsetting

Encourage private companies who attempt to reduce their GHG emissions with their own targets on voluntary basis by giving economic incentive

Structure of Voluntary Carbon Market in Thailand VCM in Thailand Pre-registered CDM VERs Offsetting Energy

Structure of Voluntary Carbon Market in Thailand

VCM in

Thailand

of Voluntary Carbon Market in Thailand VCM in Thailand Pre-registered CDM VERs Offsetting Energy Efficiency LCC
of Voluntary Carbon Market in Thailand VCM in Thailand Pre-registered CDM VERs Offsetting Energy Efficiency LCC
Pre-registered CDM
Pre-registered
CDM
VERs
VERs

Offsetting

VCM in Thailand Pre-registered CDM VERs Offsetting Energy Efficiency LCC Etc. ETS in Industrial sector

Energy

Efficiency

Pre-registered CDM VERs Offsetting Energy Efficiency LCC Etc. ETS in Industrial sector Methodology Development

LCC

Pre-registered CDM VERs Offsetting Energy Efficiency LCC Etc. ETS in Industrial sector Methodology Development

Etc.

CDM VERs Offsetting Energy Efficiency LCC Etc. ETS in Industrial sector Methodology Development Int’l
ETS in Industrial sector Methodology Development
ETS in
Industrial sector
Methodology
Development
Int’l Std.: Set up VCS, GS MRV, Std. Buyers: Int’l
Int’l Std.:
Set up
VCS, GS
MRV, Std.
Buyers:
Int’l

Set up

MRV, Std.

up VCS, GS MRV, Std. Buyers: Int’l Set up MRV, Std. Thailand Greenhouse Gas Management Organization
Low Carbon Cities Programme • Participating cities prepare a GHG inventory and set a voluntary

Low Carbon Cities Programme

Participating cities prepare a GHG inventory and set a voluntary reduction target.

The cities can then implement voluntary emission reduction projects within their boundaries.

After successful validation, registration and certification at TGO, the cities will receive Thai-VERs.

The methodologies for the city programme are currently under development and they will comprise reduction measures such as changing of light bulbs, renewable energy, bike lanes, etc.

Domestic Voluntary Carbon Offset • Baseline-and-credit system • Thai-VER methodologies for domestic projects, such

Domestic Voluntary Carbon Offset

Baseline-and-credit system

Thai-VER methodologies for domestic projects, such as energy efficiency, fuel switching, landfill, reforestation projects, are under development.

Thai-VERs can be used by domestic companies, public institutions and other entities for Corporate Social Responsibility (CSR) purposes and for offsetting emissions.

Voluntary Emissions Trading in Industrial Estates • TGO and the Industrial Estate Authority of Thailand

Voluntary Emissions Trading in Industrial Estates

TGO and the Industrial Estate Authority of Thailand (IEAT) are currently planning a voluntary pilot Emission Trading Scheme in an industrial estate.

Installations/companies in this pilot estate that participate in the trading scheme voluntarily will receive emissions units according

to their emission targets.

The emission units can be traded and sold to other participating installations.

Thai-VERs could also be used by installations to fulfill their

emission targets.

The Emissions Trading Scheme would hereby increase the demand for Thai-VERs.

After the completion of the pilot phase, it is intended to include

other industrial estates in the scheme. Later, the Emissions

Trading Scheme could cover all areas and relevant installations in Thailand.

Challenges and Assistance National / ETS Registry Incentives Thailand Domestic Carbon Market MRV system 3.

Challenges and Assistance

National / ETS Registry
National /
ETS Registry
Incentives Thailand Domestic Carbon Market MRV system 3. Among industries
Incentives
Thailand
Domestic
Carbon
Market
MRV system
3. Among
industries
1.Government
1.Government

ThaiVERs

Buyers 2.Carbon Offsetting Program
Buyers
2.Carbon
Offsetting
Program