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:
I-REC (International Renewable Energy Certificate) is Thailand's recognised Energy Attribute Certificate, issued through EGAT, the country's accredited Local Issuer under the I-TRACK Foundation since 2017. Unlike some Asian markets that have moved to closed domestic GEC (Green Electricity Certificate) systems, Thailand has kept its market open to the internationally recognised I-REC standard, letting Thai Renewable Energy Certificate claims stay directly comparable with markets across Asia, Africa and Latin America.
Buyers can purchase listed certificates through EGAT's I-REC issuer platform, negotiate directly with a registered generator, or source them through a verified marketplace like Hestiya. Since January 2025, businesses can also access renewable power and certificates together through the Energy Regulatory Commission's Utility Green Tariff, billed directly through the national grid.
Verified I-RECs from solar, wind, hydropower, biomass and waste-to-energy projects, alongside T-VER (Thailand Voluntary Emission Reduction) carbon credits administered by the TGO, all with blockchain-tracked ownership and retirement records suited to formal disclosure.
Yes. I-REC is recognised by RE100, CDP and the GHG Protocol as a valid Energy Attribute Certificate, making it usable evidence for Scope 2 Renewable Energy Certificates claims under the GHG Protocol's market-based method.
Thailand's Third NDC, submitted in October 2025, accelerated its Net-Zero target to 2050 — fifteen years earlier than its previous 2065 goal — alongside a pledge to cut net emissions by 47% by 2035 against 2019 levels. Verified I-REC and T-VER purchases give companies operating in Thailand a documented way to support that transition alongside their own Net-Zero plans.
Solar leads the buildout, backed by PDP2024's target for renewables to reach 51% of installed generation capacity by 2037, alongside wind, hydropower, biomass and a growing waste-to-energy segment. The January 2025 launch of the Utility Green Tariff and the ERC's green electricity scheme are further accelerating corporate demand, all increasingly tracked through the I-REC system.
The two instruments serve different purposes: an I-REC certifies that a unit of renewable electricity was generated, while a T-VER credit represents a verified reduction in emissions elsewhere in the economy. Organisations pursuing broader Decarbonization goals often combine both, using T-VER credits (including Premium T-VER projects) to address residual emissions that renewable procurement alone cannot cover.
Market price has increased compared to June.
The market outlook for Thailand is positive due to rising prices.
HIGH trading activity observed with 73 active records.