Lessons Learned on A6 Implementation in Thailand
Dr. Paweena Panichayapichet, TGO

3rd Plenary Meeting of the PA A6IP, 19 March 2024

www.tgo.or.th 1

Implementation of crediting Mechanisms in Thailand
2006

2008

2010

2012

2014

2016

2020

2022

2024

A6

UNFCCC CDM
Bilateral

JCM

Domestic

Standard T-VER

Voluntary

2018

JCM trackunderPremium
T-VER
Premium T-VER

GS VCS

CDM: Clean Development Mechanism (145/73/19)
GS: Gold Standard (34)
VCS: Verified Carbon Standard (42)JCM: Joint Crediting Mechanism (51/11)
A6: Article 6 of the Paris Agreement (T-VER: 2, 19)
T-VER: Thailand Voluntary Emission Reduction Program (401/2)
as of March 19, 20242

Thailand Voluntary Emission Reduction Program (T-VER)
Premium T-VER requires additional
demonstration to ensure high quality
carbon credits

T-VER

Additional to BAU

Standard
T-VER
Developed
since 2014

PremiumT-VER
Developed
since 2022

Baseline below BAU
Public participation
Do no Net Harmwith SDG Impacts
Permanentmitigation outcome3

International
The Cabinet approves Bilateral Agreements(Article 6.2 of the Paris Agreement)
Partner Countries

ThailandRelevant policy andlegal instruments• Carbon Credit
Management Guidelineand Mechanism(DCCE)• Regulation on T-VER
projects (TGO)• Regulation on trades andtransfers of carbon
credits (TGO)

Validation/Verification
Bodies
ProjectDevelopers

CreditAcquirers

Consideration by theNational Committeeon Climate Change
Policy (NCCC)

Cabinet’s
approval

Letter ofAuthorization

Report to the
UNFCCC

Corresponding
Adjustments

Domestic
Carbon Credits Trading
ProjectDevelopers

Validation/Verification
BodiesRegistry
SystemOTC

Exchange

Regulator

CreditAcquirers

4

Thailand Readiness Preparation for Article 6Article
Paris Agreement

6Thailand Greenhouse Gas Management Organization (TGO)
together with relevant agencies and partners, supports Thailand inadvancing sustainable and low-carbon growth through international
carbon market

DevelopCooperation

Apply Article 6Rules & Guidelines

Infrastructure& Registry

Support Country

Host Country

Bilateral cooperation

JCM
Enhance mitigation
potential

Improve National
Crediting Standards

Low-carbon
innovation

Sustainable
Development Goals

Technical explorations

Bangkok e-Bus
Program

IKI SPAR6C
Project

Electric vehicle
fleet mobility
pilot in Bangkok
Metropolitan
area

Strategicplanning andpilot projectstudies

Investment &deployment of
low-carbon
technologies

CORSIA
Technicalassessment ofPremium T-VER
against CORSIA
EUC

Est. 3 billion THB*
* Carbon finance from cooperation (as of DEC 2022)

Overview of Thailand system in line with Article 6Article 6Article 6.4 RMP

Article 6.2 guidance
Reporting- IR for OIMP
- AEFFlow of data
Flow of rules

JCM

newproject- project type- baseline
Thailand’s Carbon Credit- crediting period Management Guideline & Mechanism

Premium T-VER

Existing
project

TGO’s registry system
national inventory

corresponding adjustment- project type- eligibility criteria
authorization
6Challenges of A6 Implementation- Reporting(1) Initial report for Other International Mitigation Purposes(2) Agreed Electronic Format- Selection of Article 6 activity(1) lead to reduction of greenhouse gas emissions in addition to those prescribed in the nationalgreenhouse gas mitigation plans(2) Support GHG reduction in order to achieve the goals of NDC Thailand's Long-Term Low
Greenhouse Gas Emission Development Strategy (Thailand LTS)

-Methodology (first workshop A6IP Center on February 22, 2024)(1) Support for specific T-VER methodologies which require modifications to align with Article 6(2) Exercise to test new Article 6.4 methodology concepts, such as downward adjustments, andexplore possible practical approaches for Thailand(3) Organizing future technical-level workshops on specific methodology issues and support capacity
building to TGO's methodology officers(4) Support relevant data development and consultation, such as update to emission factors.

7

Thailand Greenhouse Gas Management Organization (Public Organization)
120 Moo 3, 9th Floor, The Government Complex, Chaengwattana Road,Laksi, Babgkok 10210 Tel : 02-142-7461 E-Mail : paweena@tgo.or.th

www.tgo.or.th

ghgreduction.tgo.or.th thaicarbonlabel.tgo.or.th caacademy.tgo.or.th carbonmarket.tgo.or.th

Facebook TGO