Carbon Credits in Thailand: T-VER Programme

TL;DR

The Thailand Voluntary Emission Reduction (T-VER) programme is the national voluntary carbon-credit scheme run by the Thailand Greenhouse Gas Management Organization (TGO, องค์การบริหารจัดการก๊าซเรือนกระจก) since 2014. Project categories: renewable energy, energy efficiency, forestry, waste management, transport, fugitive emissions, industrial processes. Credits ("TVERs") can be retired, sold, or used for offset claims; some Thai companies use them in scope-3 disclosure.

Project Lifecycle

1. Concept note → TGO eligibility.
2. Project design document (PDD).
3. Validation by accredited DOE (Designated Operational Entity).
4. Registration by TGO board.
5. Implementation + monitoring (MRV).
6. Verification by DOE.
7. TVER issuance + registry tracking.

Project Categories (Indicative)

Market Linkages

• Domestic offset market.
• FTX-TIM trading platform discussions in policy.
• Article 6 (Paris Agreement) — Thailand TGO and MoNRE coordinate.
• Voluntary Carbon Market (Verra / Gold Standard) — separate from T-VER.

Common Mistakes

• Confusing T-VER (Thai voluntary) with Verra-issued VCUs.
• Missing additionality + baseline rigour.
• Project credit double-counting on disclosure.

FAQs

1. Are T-VER credits compliance-eligible?

Compliance market is developing; current use is voluntary plus emerging programmes.

Related Reading

• Business in Thailand Hub