Agency upbeat on carbon credit market

In 2020, the voluntary carbon market was worth up to US$1.98 billion, with the market value expected to reach $25 trillion by 2030.

The carbon credit market is growing rapidly, indicating an opportunity to increase the value of agricultural and export products as well as reduce carbon emissions, according to the Trade Policy and Strategy Office (TPSO) under the Commerce Ministry.

Poonpong Naiyanapakorn, TPSO director-general, said the office is monitoring the carbon credit market, which aims to reduce the environmental impact of greenhouse gas emissions.