Offsetting GHG emissions through nature-based solutions
PTTEP is addressing GHG emissions through nature-based solutions, focusing on reforestation, conservation, and sustainable land management.
Mangrove and land forestation
PTTEP has accumulated 5,007.15 rai (1980 acres) for mangrove reforestation, with 4,007.15 rai (1584 acres) registered under the Thailand Voluntary Emission Reduction Programme (T-VER). The tree survival rate exceeds 85%. In land forestation, PTTEP collaborates with key agencies:
- Royal Forest Department (RFD): Approved for 18,253 rai (7217 acres), with 8,410 rai (3325 acres) restored. Additional 1,397 rai (552 acres) of community forest conserved in Phetchaburi province, earning 4,500 tonnes of CO₂ credits.
- Department of National Parks, Wildlife, and Plant Conservation: 6,110 rai (2416 acres) approved, and 5,530 rai (2186 acres) in T-VER registration.
- Mae Fah Luang Foundation (MFLF): Supporting 80,000 rai of community forests.
In 2024, PTTEP secured government approval to conserve and restore 109,370 rai (43241 acres) across 17 provinces, enhancing biodiversity and generating over USD 4.4 million in community income. Research with Kasetsart University found an 89% tree survival rate, surpassing the 80% benchmark.
GHG offsetting and agricultural initiatives
PTTEP aims to restore 200,000 rai (79074 acres) by 2030, integrating offsetting frameworks and carbon credit management to mitigate greenwashing risks. Additionally, PTTEP explores GHG reduction and sequestration in agriculture through FSC-certified rubber plantations and biochar production.
With over 3,400 conservation network members and a Social Return on Investment (SROI) of 5.46:1, PTTEP’s initiatives bridge gaps in climate policy and partnerships, reinforcing its commitment to sustainability.
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