IRPC Public Company Limited, steered by Pranach Kosayanon, its distinguished Senior Executive Vice President of Corporate Strategy Planning has recently become a key player in the Carbon Credit Management in the Forest initiative. They have also graced the discussion forum organized by the iconic Mae Fah Luang Foundation with their influential presence.
Kosayanon was the keynote speaker at the forum, expressing his insights on strategies for environmental and sustainability development under private sector supervision. The enigma of climate change, civilization-threatening wildfires, and the daunting air quality and PM 2.5 pollution were given pivots in his speech.
This collaborative endeavor is essentially a significant extension of the robust Carbon Credit Management in the Forest for Sustainability program. Holding sway over 77 community forests, which translate into an expansive 143,496 Rai, this program has an ambitious destination to reach. The vision is clear: Empower forests to serve as robust storage for greenhouse gas (GHG).
Simultaneously, the program encourages an admirable balance between forest preservation and the uplifting of livelihoods within these forest communities. The initiative has set a ten-year timeframe to sequester 500,000 tonnes of carbon dioxide or its equivalent. Undoubtedly, such a measure will take a big stride in reducing global emissions, curbing wildfire occurrences, and pushing the envelope in the quality of life spectrum for forest communities.
The celebrated program forecasts a refreshing surge in community income by 500-630 million baht by 2024. Not to mention, the ambitious reforestation expansion target is no less than 150,000 rai. Needless to say, the fruit of these efforts will be in the delicious form of 1-million carbon credits by 2027.
The Carbon Credit Management program has undeniably positioned itself as an indispensable catalyst for weighty benefits across the board. On the one hand, it promises the enhancement of life quality and promotes an inclusive culture of local participation. At the same time, it urges the populace to sit up and take notice of critical subjects like forest conservation, wildfire control, and the need for creating income opportunities that can reduce unemployment and household debts.
The aftermath of these concerted actions is a promising future where forest abundance grows, wildfires, and PM 2.5 pollution get sustainably curbed. Ultimately, Thailand’s ambitious goal of restoring and producing carbon credits aligns with the need for the visionary commitment of achieving Net Zero emissions by 2050.
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