Credits and projects · Thailand

Thailand's T-VER registers a record 101 projects in fiscal 2026 and issues 4.36 million tCO2e

TGO's registry shows 101 Standard T-VER projects registered in fiscal 2026, which ended on 30 September 2026, the most in any year since registrations began in fiscal 2014.

Credits issued in the year reached 4,355,196 tCO2e across 57 projects, 28.2% more than the 3,396,815 tCO2e issued in fiscal 2025.

Cumulative Standard T-VER issuance now stands at 28,247,683 tCO2e across 456 projects in TGO's count.

30 Sep 2026Credits and projectsThailandPublished 12 Nov 2026
Bangkok skyline along the Chao Phraya River
Bangkok skyline along the Chao Phraya River. Photo: Piyatad, CC BY-SA 3.0, source. Resized only; no other change.
Report

What happened

The Thailand Greenhouse Gas Management Organization (TGO) publishes T-VER statistics by Thai fiscal year, which runs from October to September. With fiscal 2026 closed on 30 September 2026, the registry lists 101 newly registered single and bundled projects, up from 93 in fiscal 2025 and 96 in fiscal 2024. Together they are expected to cut or remove 1,660,056 tCO2e a year. Forestry and agriculture projects account for 798,994 tCO2e of that, renewable energy for 572,486 tCO2e and efficiency in power and heat for 119,162 tCO2e; industrial wastewater, community wastewater and other types make up the rest.

Issuance in fiscal 2026 totalled 4,355,196 tCO2e. Renewable energy projects received 2,635,331 tCO2e, about 60.5% of the year's total, followed by solid waste management at 886,367 tCO2e, efficiency in power and heat at 202,964 tCO2e and methane recovery at 168,980 tCO2e. Industrial wastewater projects received 144,078 tCO2e, forestry and agriculture projects 143,631 tCO2e and carbon capture projects 140,949 tCO2e. The fiscal 2026 figure is the second highest on record after fiscal 2022, when 4,673,841 tCO2e were issued. The higher Premium T-VER tier added 2 registrations and its first issuance, 60 tCO2e.

Context

Background

Annual registrations stayed between 32 and 54 a year from fiscal 2017 to fiscal 2023, then rose to 96 in fiscal 2024. Issuance passed 1 million tCO2e for the first time in fiscal 2019, at 1,262,757 tCO2e, and has stayed above 3 million tCO2e a year since fiscal 2021.

Trading volumes are smaller than issuance. A TGO open-data file on over-the-counter T-VER trading, labelled fiscal 2026 and last updated on 24 April 2026, shows 4,904,654 tCO2e traded. Renewable energy credits made up 3,414,902 tCO2e of that volume, at a weighted average of THB 39.95 per tCO2e, while forestry and agriculture credits averaged THB 411.21. The file does not state when the period it covers begins. Only 13,665 tCO2e appears on TGO's carbon market portal as traded on the FTIX exchange, against 4,083,549 tCO2e traded bilaterally. TGO announced on 6 November 2026 that ICAO had approved Premium T-VER on 5 November as a source of CORSIA units for 2027-2029.

Data

How it compares

Projects registered and credits issued: Thailand T-VER and Australia's ACCU Scheme

tCO2e01,500,0003,000,0004,500,0006,000,0002015201720192021202320264,355,196

Source: Thailand Greenhouse Gas Management Organization (TGO); Clean Energy Regulator. Checked 2026-11-12. Thai fiscal years end on 30 September; Australian figures are calendar years. One ACCU represents one tCO2e. The 28.2% rise is calculated from TGO's FY2025 and FY2026 issuance.

Table of the same figures
Programme and yearProjects registeredCredits issued
Thailand Standard T-VER, FY20261014,355,196 tCO2e
Thailand Standard T-VER, FY2025933,396,815 tCO2e
Thailand Standard T-VER, FY2022 (issuance peak)534,673,841 tCO2e
Australia ACCU Scheme, 202540721,653,923 ACCUs
Ahead

What is next

No further dates are set in the official texts we checked.

Record

Sources

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