Abstract:
This research aims to study the principle concepts of carbon credit trading through
Clean Development Mechanism (CDM). Due to the presence of increasing amounts of
greenhouse gases in the atmosphere and global warming, Kyoto Protocol that aims to
reduce carbon dioxide emission is assigned emitting carbon emission level at least 5%
from year 1990. The Kyoto Protocol introduced three market-based mechanisms namely
Joint Implementation (In, Clean Development Mechanism (CDM), and Emission
Trading (ET). The carbon emission reduction must have in place a national registry to
record of CERs and their credit can be marketed and eventually counted against a
developed country's emission obligation. CDM participants create a value of emissions
reductions, contribute to technology transfer and promote sustainable development. At
present, a number of 1,156 CDM projects of 51 countries have been registered and gain
CERs approximately 221,996,290 tCOze. In Thailand, the total number of registered
CDM activities is 10 projects gaining CERs approximately 864,069 tCOze.