According to a Thai-Swiss memorandum, the pact will allow Switzerland to offset its carbon emissions via climate projects in Thailand.
In return, Thailand will receive Swiss expertise on its carbon neutrality and emission reduction plans.
This memorandum falls within the cooperation pact under Article 6 of the Paris Agreement. This pact allows countries to cooperate to aid reduction targets set out in their nationally determined contributions.
Thailand aims to achieve carbon neutrality by 2050 and reduce greenhouse gas emissions to zero by 2065. Thailand is also expected to be the first country to transfer carbon credits from clean energy and electric-vehicle support projects.
