TGO and VERRA signed a memorandum of understanding on technical cooperation to promote the T-VER mechanism harmonize with international practice and work together to develop a collaborative knowledge exchange on the Verified Carbon Standard (VCS) mechanism, which is an international voluntary greenhouse gas reduction mechanism.
Activities to be taken under the cooperation:
• Organizing seminars and workshops or other events hosted by VERRA experts to provide knowledge of the carbon market and VCS requirements.
• Supporting information about the VCS mechanism and its greenhouse gas reduction methodology
The cooperation between TGO and VERRA will help to ensure that the standard of the T-VER project is harmonize and equivalent to international standard and make the T-VER project help support Thailand to achieve the NDC goal and make carbon credits of T-VER project to be more widely accepted by both domestic and international buyers.