Explore average pricing, vintages, and technologies for carbon credits originating from Thailand.
Access verified Thailand I-REC certificates and T-VER carbon credits, Renewable Energy Certificates and Thailand Carbon Credits through Hestiya's transparent, blockchain-powered marketplace, built for Thailand ESG Reporting, Scope 2 reduction and Net-Zero strategies.
Renewable electricity generation capacity targeted under PDP2024 by 2037
Thailand's accelerated net-zero target under its Third NDC (Oct 2025)
Year EGAT became Thailand's accredited I-REC Local Issuer
EGAT-registered I-REC facilities by the end of 2025
Thailand's renewable energy build-out is accelerating under the government's Power Development Plan 2024 (PDP2024), which targets renewable sources reaching 51% of total installed electricity generation capacity by 2037, led by utility-scale and rooftop solar, onshore wind, biomass and hydropower. This build-out is positioning Thailand as one of Southeast Asia's fastest-growing sources of verifiable, tradeable Energy Attribute Certificates, with the International Renewable Energy Certificate (I-REC) standard as the country's sole recognised instrument for proving renewable electricity consumption.
As global supply chains tighten disclosure requirements, there is increasing demand for Thailand ESG data, Renewable Energy Certificates, Green Energy Certificate-equivalent instruments, Energy Attribute Certificates, carbon credits, Net-Zero commitments, and Decarbonization strategies, instruments that prove renewable electricity consumption and emissions reduction. Corporations with operations, suppliers, or sourcing relationships connected to Thailand are increasingly seeking credible ways to support Thailand's ESG goals, Scope 2 Renewable Energy Certificates claims, and broader Net-Zero commitments.
Hestiya provides access to verified climate assets through a transparent, blockchain-powered marketplace, spanning I-REC certificates, Renewable Energy Certificates, Energy Attribute Certificate documentation, and T-VER carbon credits. Buyers and developers alike can discover, evaluate, and transact Thailand-based climate assets in one place, backed by verifiable ownership records and retirement documentation suited to formal Thailand ESG Reporting disclosures.
Solar leads Thailand's renewable build-out, supported by strong irradiance and government incentives for both utility-scale farms and distributed rooftop installations, followed by onshore wind, biomass, hydropower and a growing waste-to-energy segment. Since 2017, EGAT (the Electricity Generating Authority of Thailand) has served as the country's accredited I-REC Local Issuer under the International Tracking Standard Foundation (I-TRACK), with each certificate corresponding to 1 MWh of verified renewable electricity generation. Unlike some Asian markets that have shifted to closed domestic GEC (Green Electricity Certificate) systems, Thailand continues to rely on the internationally recognised I-REC standard, the same global Energy Attribute Certificate framework used by RE100, CDP and the GHG Protocol, keeping Thai Renewable Energy Certificate claims directly comparable across export markets.
In January 2025, Thailand's Energy Regulatory Commission (ERC) launched the Utility Green Tariff (UGT), priced at 4.21 THB per kWh, alongside a green electricity scheme offering roughly 2 billion units of renewable power to businesses through an integrated utility billing process. Private-sector participation is also expanding, with companies including PTT and CKPower advancing blockchain-based I-REC trading platforms to support corporate renewable procurement.
Thailand's Third Nationally Determined Contribution, submitted in October 2025, aligns the country with a 1.5°C pathway and accelerates its Net-Zero target to 2050, fifteen years earlier than the 2065 goal set out in its previous NDC, alongside a commitment to cut net greenhouse gas emissions by 47% by 2035 against 2019 levels. The Thailand Greenhouse Gas Management Organisation (TGO) administers the Thailand Voluntary Emission Reduction Program (T-VER), the country's domestic carbon credit scheme, together with a Premium T-VER category designed to meet Paris Agreement Article 6 integrity standards.
On the disclosure side, the Securities and Exchange Commission (SEC) requires listed companies to report ESG data annually through Form 56-1 (One Report) on a comply-or-explain basis, supported by the Stock Exchange of Thailand's Sustainability Reporting Guide. The SEC is now phasing in ESG Reporting requirements aligned with ISSB Standards (IFRS S1 and S2) between 2027 and 2031, starting with a climate-first focus on Scope 1 and Scope 2 Renewable Energy Certificates-backed emissions data.
Hestiya's Thailand Carbon Credits Marketplace and I-REC Marketplace enable organisations to purchase verified Renewable Energy Certificates, access T-VER carbon credits, and support renewable energy procurement, all while meeting Thailand's ESG and sustainability targets. The platform also functions as a Green Energy Certificate-style marketplace for buyers who need documented proof of renewable electricity consumption tied directly to Thailand-based generation assets.
Utility-scale and distributed rooftop solar remain Thailand's fastest-scaling renewable segment, supporting I-REC-backed corporate Renewable Energy Certificate claims.
A growing onshore wind pipeline adds further renewable electricity supply eligible for certificate issuance, strengthening the case for Thailand Energy Attribute Certificate adoption.
Hydropower, biomass and waste-to-energy plants across Thailand continue to add renewable electricity supply eligible for I-REC issuance, complementing the country's solar and wind build-out.
Bundled and unbundled I-REC trades support direct corporate renewable offtake and Scope 2 Renewable Energy Certificates claims for large electricity users.
Thailand Voluntary Emission Reduction credits, administered by the TGO, let organisations offset verified emissions with project-based carbon credits, including Premium T-VER projects.
Companies sourcing Thailand climate assets through Hestiya can support a full range of Thailand ESG and sustainability needs, from documenting renewable electricity use to substantiating carbon reduction claims in annual sustainability disclosures. These reporting requirements are increasingly tied to verifiable, third-party-trackable certificates rather than self-reported estimates, and Hestiya's marketplace is built to meet that bar, including alignment with Thailand's SEC Form 56-1 One Report and its phased ISSB-aligned disclosure roadmap.
Specifically, Thailand's climate assets purchased through Hestiya can support:
Market price has decreased compared to August.
The market outlook for Thailand is negative due to falling prices.
HIGH trading activity observed with 85 active records.