Mr Suphachai says carbon credit tokenisation is a landmark for the green economy.
Charoen Pokphand (CP) Group has partnered with Mae Fah Luang Foundation on an inclusive carbon credit tokenisation initiative to turn forests into digital natural capital.Carbon credit tokenisation refers to the process of converting a verified carbon credit into a blockchain token for transparent trade.
In the first phase, carbon credits generated from forests managed by the foundation are made available through the TrueMoney app, allowing users to purchase tokens to offset personal travel or daily consumption.
Suphachai Chearavanont, senior vice-chairman of CP Group, said the collaboration seeks to tokenise carbon credits from Doi Tung forest, aiming to bridge the gap between corporate environmental, social and governance goals and grassroots community development.
CP Group committed 30 million baht to purchase these carbon credit tokens, which he called a strategic move to support an inclusive conservation model that considers the natural capital economy.
