Firms plan exchange for carbon credits

BANGKOK: Thailand’s state-owned electricity generator and 10 of the nation’s biggest companies have set up a voluntary emissions-offset programme that they intend to expand into a full carbon-trading exchange for the country.

Kasikornbank Pcl, billionaire Dhanin Chearavanont’s Charoen Pokphand Group and Bangkok transit operator BTS Group Holdings Pcl are among the founders of the Carbon Markets Club, whose members are trading credit over-the-counter in an effort to expedite an energy transition, said Chaiwat Kovavisarach, chief executive officer of energy company Bangchak Corp, one of the founding members.