DITTO Launches 'Blu Green Token' for Environmental Conservation, Embracing Carbon Credits

Thansettakij•Economy•2d ago

Reader Briefing

DITTO introduces the 'Blu Green Token' to leverage mangrove reforestation for carbon credits and promote environmental conservation.

•DITTO has launched 'Blu Green Token', a digital token aimed at environmental conservation through mangrove reforestation.
•The initiative aims to capitalize on the growing trend of carbon credits and international carbon pricing mechanisms.
•The project involves developing over 175,196 rai of land for mangrove reforestation, with the first phase focusing on 17,531.04 rai.
•The 'Blu Green Token' is expected to be offered for sale in Q3 of the current year.

Overview

•International focus on rising global temperatures and carbon pricing mechanisms like CBAM in Europe are driving the need for such initiatives.
•Thailand is developing a climate change act to enhance the competitiveness of Thai products globally.
•DITTO has initiated a mangrove reforestation project for carbon credits over 2 years ago, planning to develop 175,196.05 rai.
•The first phase of the reforestation project has started with an area of 20,358.03 rai, later measured at 17,531.04 rai.
•The 'Blu Green Token' is anticipated to be offered for sale in the third quarter of the year.
•DITTO sees sustainability as a new business opportunity, integrating digital technology with nature through the 'Blu' initiative.
•The 17,531.04 rai project area is projected to generate over 1 million tons of carbon credits within 7 years.
•The project will create jobs for local communities in areas like Rayong, Krabi, and Phangnga as forest caretakers, providing income higher than charcoal production.

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Key Quotes

N/A

"We see sustainability as a new business opportunity; DITTO has therefore initiated a mangrove reforestation project for carbon credits for over 2 years."

เรามองว่าความยั่งยืนคือโอกาสทางธุรกิจใหม่ DITTO จึงได้เริ่มโครงการปลูกป่าชายเลนเพื่อคาร์บอนเครดิตมาแล้วกว่า 2 ปี

N/A

"DITTO sees opportunities in green business and sustainability that can be discussed globally, with Blu, which integrates digital technology with nature, forming part of green business and sustainability."

DITTO เล็งเห็นโอกาสในธุรกิจสีเขียว และความยั่งยืนที่คุยกับนานาชาติได้ทั่วโลก โดยมี Blu ซึ่งผสานเทคโนโลยีดิจิทัลเข้ากับธรรมชาติเป็นส่วนหนึ่งของธุรกิจสีเขียวและความยั่งยืน

Key Entities

Organization

DITTO

A company that has launched the 'Blu Green Token' digital token for environmental conservation and carbon credit initiatives.

Token X

An entity that offers digital token pre-sales, as mentioned in relation to the 'Summer Point' mixed-use building.

SEC(ก.ล.ต.)ℹ️

The Securities and Exchange Commission, which has issued regulations and guidelines related to digital tokens, debt instruments, and sustainable economies.

Kubix

A company that partners with InterOpera to promote carbon credit tokens and support businesses towards Net Zero goals.

InterOpera

A company that collaborates with Kubix to advance carbon credit tokens and aid businesses in achieving Net Zero targets.

Law

CBAM

A European carbon border adjustment mechanism that imposes carbon pricing on imports, influencing international trade.

Person

Mr. Chaitat Kulkothwanich(นายชัยทัต กุลโชควณิช)

The Deputy Chief Executive Officer and Chief Financial Officer of DITTO, who provided technical details about the carbon credit project and token.