Verra and the Thailand Greenhouse Gas Management Organization (TGO) have signed a memorandum of understanding to jointly support the implementation of the Thailand Voluntary Emission Reduction Program (T-VER).
Under the MOU, Verra and TGO will cooperate to align T-VER standards with international best practice. To this end, Verra will share information about the requirements for the Verified Carbon Standard (VCS) Program, the world’s leading greenhouse gas crediting program. Verra will also provide TGO with a general overview of carbon markets and the operation of the Verra Registry. In addition, the Verra team will assist TGO in navigating publicly available data regarding the VCS Program and its methodologies.
“Our collaboration will benefit the strengthening of the T-VER standard to be aligned with international practices. It will also expand Thailand’s opportunities to link with the global carbon market and support the country’s goals under the Paris Agreement and contribute to sustainable growth at the national, regional, and global levels. I would like to express my appreciation to Verra and look forward to realizing the full potential of this partnership.” said Kiatchai Maitriwong, Executive Director, TGO.
“Thailand’s Voluntary Emission Reduction Program is an important step in advancing climate action domestically and globally. Verra is honored to support this important work by sharing information and our expertise gained from managing the Verified Carbon Standard Program, the world’s leading carbon crediting program,” said Robin Rix, Chief Legal, Policy, and Markets Officer, Verra.