Thailand targets 2027 launch for carbon credit auctions

Argus Media · Argus Media · 2026-11-05 09:45 UTC

Thailand's voluntary carbon credit market expects to see its first auctions in 2027 as the Stock Exchange of Thailand (SET), Krungthai Bank and private-sector partners move to build market infrastructure and stimulate demand for credits generated under a World Bank-backed programme.

Thailand's voluntary carbon credit market expects to see its first auctions in 2027 as the Stock Exchange of Thailand (SET), Krungthai Bank and private-sector partners move to build market infrastructure and stimulate demand for credits generated under a World Bank-backed programme.

Krungthai Bank and SET announced a partnership on 4 November with last-mile logistics firm Grab, air carrier Thai Airways, technology firms ACEIS Electric and Power and DriverAI to support the development of Thailand's carbon market. The partnership is part of the World Bank Group-backed Low Carbon Cities and Carbon Market Development Project (LCC).

Under the arrangement, Krungthai will aggregate eligible carbon credits and connect them with prospective buyers, while SET will develop an auction and price-discovery platform to facilitate transparent transactions.

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