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Reference

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Supporting source

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Carbon credit development, verification share

~30%

As ofFY2024·Sources3·Supporting

Largest services segment, anchored by TGO's T-VER (Thailand Voluntary Emission Reduction) registry alongside Verra VCS, Gold Standard international registries.

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Figure in context

Largest services segment, anchored by TGO's T-VER (Thailand Voluntary Emission Reduction) registry alongside Verra VCS, Gold Standard international registries.

Largest services segment, anchored by TGO's T-VER (Thailand Voluntary Emission Reduction) registry alongside Verra VCS, Gold Standard international registries.

Time scope

FY2024

Source basis

Supporting source

Interpretation notes

What this tells you

Largest services segment, anchored by TGO's T-VER (Thailand Voluntary Emission Reduction) registry alongside Verra VCS, Gold Standard international registries.

What not to do with it

Use the linked report for interpretation and keep basis differences explicit.

Related figures

Adjacent numbers that add context without drowning the value.

FY2024
~THB 8B

Thailand environmental, carbon services size

TGO, Big 4 ESG practices, consultancy triangulation

FY2024
~26%

ESG, climate strategy advisory share

Big 4 ESG practice disclosures

2014+ operating
National voluntary registry

TGO T-VER registry

TGO

FY2024
~22%

Environmental consulting, EIA share

ONEP, DIW, consultancy filings

2020-2024 (TGO register)
~440 projects (end-2024)

Thailand T-VER registered project count (2020-2024)

Thailand Greenhouse Gas Management Organization, T-VER Programme annual report, Ministry of Natural Resources and Environment

2020-2024 cumulative
~16.5 MtCO2e cumulative

T-VER credit issuance volume (2020-2024)

Thailand Greenhouse Gas Management Organization, T-VER annual issuance reports, Carbon Markets Club disclosures

Report context

Thailand Environmental & Carbon Services Market Intelligence

Thai environmental, carbon services ~THB 8B emerging market (~USD 230M) — fast-growing as Thai Climate Change Act draft, ISSB / IFRS S2 convergence, SEC SD disclosure, and CBAM exposure drive corporate demand. TGO (Thailand Greenhouse Gas Management Organization) runs T-VER (Thailand Voluntary Emission Reduction Program) voluntary carbon credit registry alongside VCS, Gold Standard international registries. Service mix: carbon credit development, verification ~30%, ESG, climate strategy advisory ~26%, environmental consulting, EIA, compliance ~22%, assurance, verification, auditor attestation ~14%, ESG data, analytics, disclosure platforms ~8%. Leaders: ERM Thailand, Arcadis Thailand, Ramboll Thailand (global environmental consultancies); Big 4 (Deloitte, EY, KPMG, PwC) ESG, climate practices; Bangchak (BCP), PTT, SCG, Thai Union net-zero programmes; Verra VCS, Gold Standard project developers.

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Atlas actors in this figure's reports

Profiles covered in the report that cite this number.

Bangchak Corporation

Main independent Thai refiner; post-Esso ~294K bpd, 1,800 retail stations; biofuels, BCPG solar; FY2024 revenue ~THB 330B.

Bangkok Bank

Largest Thai commercial bank by assets — THB 4.5T FY2024, only Thai bank with an ASEAN regional consumer-banking franchise via Permata Bank Indonesia.

Bank of Thailand (BOT)

Thailand's central bank; monetary policy, payment systems regulator, BAHTNET RTGS operator; CBDC pioneer.

EGAT (Electricity Generating Authority of Thailand)

Thailand's state-owned electricity generator, transmission operator, single-buyer PPA counterparty; ~15-20 GW own capacity.

Energy Absolute

Pure-play Thai renewable, EV-value-chain — solar, wind, biodiesel, EV buses, charging, battery. FY2024 THB 25-30B with 2023-2024 governance turbulence.

Global Power Synergy

PTT Group listed power arm — 7GW+ across Thailand, Taiwan, India, Laos; FY2024 revenue ~THB 80B.

Carbon credit development, verification share · Insight