Understanding Carbon Credits and the Mission of Addressing Global Warming

Global warming occurs when the Earth's atmosphere is blanketed by greenhouse gases, primarily carbon dioxide, methane, and nitrous oxide. These gases have the property of trapping heat from the sun, preventing it from escaping the Earth's atmosphere, much like a greenhouse. As a result, global temperatures rise, weather patterns become unpredictable, and ecosystems are disrupted in many regions. Furthermore, numerous hidden dangers emerge due to these changes. To mitigate this, reducing greenhouse gas emissions, especially carbon dioxide, through policies like carbon credits has become a key environmental restoration strategy, particularly for the industrial sector, which is a major producer of greenhouse gases.

Carbon credits are units of measurement for the reduction or capture of greenhouse gases, which can be bought, sold, or traded in the market for carbon credits. This system is designed to raise awareness that environmental pollution has a price to pay. The primary goal of reducing greenhouse gas emissions is to limit the rise in global average temperature to below 2°C compared to pre-industrial levels.

The carbon market is divided into mandatory and voluntary sectors. The mandatory sector applies to developed countries listed in Annex B of the Kyoto Protocol, which came into force on February 16, 2005. Thailand, being a developing country, participates in the voluntary carbon market, where it can sell carbon credits to developed countries through the Clean Development Mechanism (CDM).

The industrial sector heavily relies on fossil fuels like oil, natural gas, and coal for operations, particularly in developed countries. Developing efficient processes to reduce greenhouse gas emissions is a major challenge for these countries, which have signed the Kyoto Protocol and face penalties if they are unable to meet their emission reduction targets. Since large industries cannot easily make significant reductions in the short term, they often purchase carbon credits from developing countries instead of making significant reductions..

In Thailand, the Thailand Greenhouse Gas Management Organization (TGO) facilitates voluntary emission reduction programs (Thailand Voluntary Emission Reduction Program, T-VER). Carbon credits from organizations participating in this program can be used to offset their own emissions or sold to others. Since the program’s establishment in 2016, the trading value of carbon credits has steadily rising. However, the volume of traded carbon credits remains relatively low compared to the total greenhouse gas emissions, underscoring the growing demand for clean energy businesses and the potential for expansion into global markets.

The concept of creating industrial parks focuses on using clean energy, aligning with national and international policies focused on reducing greenhouse gas emissions and achieving carbon neutrality. (NPS), a company with expertise in engineering solutions, has partnered with 304 Industrial Park Co., Ltd. (304IP) to develop an industrial park dedicated to clean energy. This park offers effective and sustainable solutions for businesses looking to reduce greenhouse gas emissions.

For businesses interested in investing in the carbon market, finding an industrial estate that prioritizes environmental sustainability, like the 304 Industrial Park, would be an ideal solution.

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