What is T-VER?
T-VER is Thailand Voluntary Emission Reduction Program. It is the GHG emission reduction program, developed by Thailand Greenhouse Gas Management Organization (TGO) to promote and support all sectors to voluntarily participate in GHG emission reduction program and can sell the reduction unit or carbon credit, which called “TVER” under this T-VER program, under voluntary domestic market. In this regard, TGO has prescribed rules and procedures for project development, GHG emission reduction methodology, and certification of emission reduction credit. All projects participated in T-VER program must reduce GHG emission/result in carbon sequestration within Thailand’s jurisdiction.
Pros of T-VER
- All project document are in Thai
- Methodology is adjusted from CDM to ensure a simpler calculation and monitoring
- There are variety of VVBs other than DOE
Benefits from T-VER program
- Help to reduce greenhouse gas emission the mail causes of the global warming situation
- Increase carbon sequestration sources and generate and generate income from trading T-VER credit
- GHG reduction/Removal from the implementation of projects
- Creation of a good image for the organization
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