Carbon Markets Club Forge Strategic Partnership with Macao International Carbon Emission Exchange (MEX) To Strengthen Carbon Market Connectivity in Asia and Drive Regional Low-Carbon Economy

CMC, an independent network founded in 2021 by Bangchak Corporation Public Company Limited (BCP), BCPG Public Company Limited (BCPG), and 9 other founding members, brings extensive experience in local Thai carbon projects, including T-VER, and insights into domestic market dynamics. Through this collaboration, MEX's role as a core carbon exchange platform operator in Asia will be complemented by CMC's project network and market expertise, creating new pathways for cross-border carbon credit trading, joint research, and capacity building, all based on the principles of mutual benefit.

This partnership directly addresses the growing need for an interconnected, transparent, and standardized carbon market infrastructure in Asia. By linking both platforms, the collaboration is set to unlock new market access in Thailand and beyond. The focus on RECs trading will promote the flow of renewable energy certificates (RECs), a critical component of regional decarbonization efforts. Furthermore, joint capacity-building initiatives surrounding Article 6 will equip market participants with the necessary expertise to navigate the evolving international climate policy landscape.

Ms. Meng Meng, General Manager, MEX, stated, "This partnership represents a pivotal step toward building a more integrated and liquid Asian carbon market. MEX is committed to providing a global platform, and by partnering with CMC, we are unlocking a vital channel for high-quality Thai projects, such as T-VERs, to reach international buyers. We are equally excited to introduce valuable assets like the Green Energy Certificate (GEC), which reflect commitments to sourcing electricity from renewable sources to the Thai market, fostering mutual growth."

Mrs. Gloyta Nathalang, Senior Executive Vice President, Sustainability Management and Corporate Communications, Bangchak Corporation Plc., and Chair of CMC, said, "Thailand's carbon market is rapidly evolving, and our partnership with MEX opens an important bridge for our T-VER projects to reach a wider international audience. We are thrilled to collaborate on regional capacity building, especially around the crucial framework of Article 6. This aligns perfectly with our goal of nurturing a robust and sustainable carbon market in Thailand and beyond."

Mr. Rawee Boonsinsukh, Chief Executive Officer and President of BCPG Plc., added, "Our collaboration on Renewable Energy Certificates (RECs) and carbon credits (T-VER) is strategically significant. By jointly developing the trading ecosystem and promoting greenhouse-gas offsets, we are making tangible progress in renewable energy development. At its core, this partnership is about establishing a credible, transparent, and efficient market to accelerate the transition toward a low-carbon economy across the region."

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