We have been hearing about carbon credits for at least two decades, ever since Thailand joined in ratifying the Kyoto Protocol in 2002 and in 2007, the Cabinet issued a Royal Decree establishing the Greenhouse Gas Management Organization. (Public Organization) or TGO or Thailand Greenhouse Gas Management Organization (Public Organization : TGO), but time has passed. Carbon trading How do we do it? Who will buy it? Where will we sell it? What crops will we grow and sell carbon? In our country, there is no agency that can explain it easily to understand…so it makes our carbon trading go nowhere even though this market has a huge trading value. Last year alone, $949 billion in carbon was sold worldwide. It is worth more than 35 trillion baht in Thai money and the world has already classified “carbon” as a type of asset. The largest market is in the European Union with over 87% of the world’s total carbon market. Selling carbon in our country It still only revolves around the forest sector and perennial trees, but the agricultural sector with the main economic crops, whether rice, cassava, rubber, oil palm, sugarcane, can sell carbon. That hasn’t been a rollercoaster for a long time. It looks like it’s about to take shape. It was very true during the era of Capt. Thammanat Phromphao as Minister of Agriculture and Cooperatives. This is the “past” What happened, I don’t know. But from now on we must drive seriously. Make carbon an asset for our fellow farmers. that must actually be sold Can be captured as gold or silver I have given orders to the Department of Agriculture. Office of Agricultural Research and Development finds information and studies which economic crops How much carbon can be reduced? How much can you store? And how much will you sell? Where will you sell? How will you sell? Who should you contact? Concretely, this is not an easy matter. Brothers and sisters, farmers, gardeners, farmers, you can’t do it yourself. He’s unreachable. Only big companies do it, so I ordered that we have a simple mechanism. that allows every farmer to access the carbon market Large plots must be combined. In order to make an agreement with the buyer, there is a mechanism like a mentor to do it for them.” Capt. Thammanat gave information about the main economic crops in the agricultural sector. The one that stores the most carbon is rubber, with a planting area of 22 million rai, it can store 92 million tons of carbon, followed by sugarcane, with a planting area of 11.5 million rai, it can store 38 million tons of carbon…cassava. There is a planting area of 9 million rai, storing 27 million tons of carbon…Oil palm, planting area 6.5 million rai, storing 17 million tons of carbon…Rice has 62 million rai, with alternating wet and dry rice cultivation. It will reduce carbon by 37 million tons, including these 5 main crops. It will store 211 million tons of carbon. If carbon can be sold for just 100 baht per ton, it will earn 21,100 million baht for farmers to share among themselves, but abroad they sell carbon. Get 400-500 baht per ton if we can raise the level like in other countries. Carbon of 5 main crops in the agricultural sector It will be worth hundreds of billions. This will be a way to increase income for farmers. “My orders are clear. Departments in the Ministry Every agricultural agency must drive farmers to capture money from selling carbon. agricultural sector as quickly as possible,” Minister Thammanat In closing, let’s think. Chatchai Siripat click to read more “Agricultural News”
