Some say “technology is that which separates us from our environment”. That’s not always true. DITTO has decided to be a part of the solution, not part of the pollution, through its green technology projects. Green tech will be the big investment theme of the 21st century.
Green tech—a new journey with a new destination
On 15 Sep, DITTO announced the signing of the Mangroves Reforestation for Carbon Credit Project with the Department of Marine and Coastal Resources. The firm has been allocated 11,448 rai of land for mangrove reforestation under a 30-year contract. In return, 10% of the total carbon credits generated from the project will be allocated to the Department of Marine and Coastal Resources (with 90% to DITTO). DITTO will start the project in 2023 but it will take three years before it begins to accumulate carbon credits in 2026 (100k tonnes/year). Initial investment in the first year is expected to be around Bt160-170m. Maintenance costs are expected to be around Bt30m/year.