Royal Forest DepartmentThe Ministry of Natural Resources and Environment's effort to fight climate change by using carbon sequestration in forest ecosystems as natural carbon sinks is getting a lot of flak. The ministry pointed to promising outcomes of the campaign to promote carbon credit trading in the forestry sector, as many big corporations have shown an interest in growing more forestland to gain carbon credits. According to Thailand Greenhouse Gas Emissions Inventory System, as of 2016, the forestry sector had sequestered over 91 million tonnes of CO2. The carbon credit exchange programme in the forestry sector has received overwhelming interest from the private sector, said Komsan Ruengritsarakul from the Community Forest Management Office of the Royal Forest Department. "So, to strengthen the carbon market, the Ministry of Natural Resources and Environment with its partners is now improving the management of the carbon credit exchange, while additional incentives will also be introduced to attract more participants in carbon market trading."

Source: Bangkok Post September 18, 2022 22:53 UTC