Carbon Markets Club Forge Strategic Partnership with Macao International Carbon Emission Exchange (MEX)

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

      Carbon Markets Club (CMC) and the Macao International Carbon Emission Exchange Limited (MEX) signed a Strategic Partnership Memorandum of Understanding (MOU) to strengthen connectivity, transparency, and capacity across Asia’s rapidly expanding carbon markets.

      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.”

      Carbon Markets Club is a non-profit organization established in June 2021 by Bangchak Corporation Public Company Limited, BCPG Public Company Limited, and nine founding partners as a network to promote carbon credit trading and raise awareness on climate change. Today, the Club has over 1,600 members, both organizations and individuals, supported by digital tools for trading T-VER carbon credits and Renewable Energy Certificates (REC), as well as carbon footprint calculators for organizations (CFO) and individuals (MyCF). TCMC is also a signatory to the ASEAN Common Carbon Framework (ACCF), working to advance a transparent and interconnected carbon market across ASEAN.

      Macao International Carbon Emission Exchange (MEX) Macao International Carbon Emission Exchange (MEX) aims to connect global climate products and opportunities through advanced technologies and product standards, developing solutions that enable China’s participation in international environmental markets. Leveraging Macao’s unique position as a gateway to Portuguese-speaking countries across four continents, MEX serves as a climate cooperation platform linking China with the world. Its services cover screening, trading, custody, settlement, and carbon offsetting for environmental products such as carbon credits and green energy certificates. Supported by Yunfeng Capital, MEX officially launched operations in October 2024.