Bangkok--20 Mar--PTTEP
Joined T-VER to support the volunteer carbon market initiation in Thailand
The Reforestation expected to reduce approximately 620,000 tons of carbon dioxide per year, since 2020 onward
Set goal to reduce 20% of greenhouse gas emission by 2020
Mr. Asdakorn Limpiti, Executive Vice President, Strategy and Business Development Group, PTT Exploration and Production Public Company Limited or PTTEP, signed MOU for a Demonstration Project of Thailand Voluntary Emission Reduction Program (T-VER) with Mrs. Prasertsuk Chamornmarn, Executive Director, Thailand Greenhouse Gas Management Organization (Public Organization) or TGO. PTTEP offered Reforestation Project, which it was implemented in 2013 to join as a demonstration project of T-VER Program in the field of Forest and Agriculture, Sustainable Forestation branch. The company was the first candidate, out of 8, selected as qualifying Demonstration Project.
As a leading energy company of Thailand, PTTEP joined T-VER to support the volunteer carbon market initiation in Thailand especially in the field of Sustainable Forestation, which not only reduce carbon dioxide emission but also increase oxygen to the earth alongside with air pollution reduction. Furthermore, the gained knowledge and experiences from participating in this demonstration will augment future greenhouse gas reduction projects of the company.
“PTTEP is well aware that our business must run together with responsibility for society and environment. We expect our 200,000 rai Reforestation Project (implement between 2013 - 2016) to reduce approximately 620,000 tons of carbon dioxide equivalent per year (starting 2020) and to be an important part of PTTEP goal to reduce 20% of greenhouse gas emission by 2020 (from the beginning of the Reforestation Project in 2013)” said Mr. Asdakorn.
In addition to joining T-VER, PTTEP is initiating Green Procurement guideline. By choosing products that are certified to be environmental friendly, such as green labeled products, carbon reduction labeled products and level 5 energy saving labeled products, the company will further help us reduce greenhouse gas emissions.
Thailand Voluntary Emission Reduction Program was initiated by TGO aiming to urge public, private and community sectors to create carbon reduction projects or activities matching to the international standard. All to initiate Carbon Market in Thailand which will in return enhance and broaden the future carbon reduction projects which will ensure the sustainable growth of Thailand.
March 20, 2014
For more information, please contact Corporate Communication and Reputation Management Department
Bussaban Cheencharoen Tel. +66 (0) 2537 4607 E-mail:
[email protected]
Tongchit Pongorapin Tel. +66 (0) 2537 4587 E-mail:
[email protected]
Rudklao Suwankiri Tel. +66 (0) 2537 5410 E-mail:
[email protected]