Get to know the “Clean Energy Trading Platform – Carbon Credit”

     Climate change is quickly becoming a top priority on the global agenda. Thailand will be the ninth country affected by climate change in 2021 (Global Climate Risk 2021, analyzed by Germanwatch e.V.). Despite the fact that Thailand emits only 0.8% of the world’s CO2, many agencies are working together to develop clean energy and carbon credit systems, which will be important mechanisms for creating incentives and alternatives for operators, in the hope that they will reduce greenhouse gas emissions in the future.

     The clean energy and carbon credit trading platform is a collaboration between the Federation of Thai Industries (FTI) and Thailand Greenhouse Gas Management Organization (Public Organization) (TGO). Together, they developed a carbon credit exchange trading platform to support the implementation of greenhouse gas emission reduction projects and carbon credit trading, as well as helping make domestic carbon credit trading easier, more convenient, and more efficient.

Platforms for carbon credit trading are as follows:

- The FTIX platform is a trading platform for carbon credits that can connect the FTI and the TGO systems, resulting in transparency and reliability. It also trades renewable energy electricity to meet the demand for 100% renewable energy (RE100), which includes the sale of renewable energy certificates (REC);

- The Gideon Energy Trading platform is used in the field of peer-to-peer energy trading. There are currently electricity producers who produce electricity for domestic use and wish to sell excess energy generated by domestic use. It is an ideal platform for electricity trading at all levels, including the household or village level, where buyers and sellers can negotiate directly using blockchain technology. Because of Gideon’s properties, it can also be used to trade carbon credits;

-The Thailand Carbon Credit Exchange Platform is the country’s main platform for trading or exchanging carbon credit, including the formation of the RE100 Thailand Club to encourage Thai industries to use renewable energy rather than traditional energy, which pollutes the environment.