Thailand and Switzerland have, for the first time, bilaterally traded carbon offsets under Article 6 of the Paris Climate Agreement. The Foundation for Climate Protection and Carbon Offset (Klik) purchased 1,900 credits for Swiss fuel importers from a Thai e-bus operator who had received them for converting from fossil to electric buses. The price for the credits is over 30 US dollars each, according to the Thai company Energy Absolute. The Swiss government has obliged fuel importers to offset some of their emissions with carbon credits at home or abroad, reports Reuters. In total, the country aims to offset around 40 million tons of CO2 through overseas projects by 2030.