The Clean Development Mechanism Association yesterday called for the government to help speed up the registration process for carbon credittrading projects.
Ninetyfour projects are still waiting to be processed by a relevant foreign state agency.
President Natee Sithiprasasana, who is also CEO of biomass power plant AT Biopower, said the number of designated operational entities (DOEs) registering projects was not enough to serve the great number located in Thailand.
There are two phases in trading carbon credits: registering as a Clean Development Mechanism (CDM) project; and the CDM compliance process.
The two phases entail a total of seven processes. They are project design; document validation by a DOE authorised by the UN's CDM executive board (CDM EB) to verify project details; registration, in which the DOE submits the projects to be registered to the CDM EB; monitor¬ing of greenhouse gas emissions; ver¬ification of greenhouse gas reduc¬tion; certification of greenhouse gas reduction; and issuing of a certifi¬cate allowing the trading of carbon credits.
Natee said the Natural Resources and Environment Ministry and the Thailand Greenhouse Gas Management Organisation should work together to help projects pro¬ceed in accordance with the CDM EB's international rules and regula¬tions, in order to prevent the Kingdom from losing trading oppor¬tunities.
Only two Thai CMD projects have received carbontrading certification to date: one belonging to AT Biopower and the other to Korat Waste to Energy.