Thailand 2020 Clear all

        • Article

        • 11 Aug 2020

        Putting a price on carbon – an efficient way for Thailand to meet its bold emission target

        …confirmed its nationally determined contribution under the Paris Agreement in 2016, Thailand is implementing various action plans to reach its target of reducing GHG emissions in 2030 to 20.8% below the business-as-usual level. Its National Climate Change Master Plan (2015-50) refers to the carbon market as a potential mechanism to achieve targeted emission reductions in key industries and promote energy efficiency more widely. The upcoming Climate Change Act is expected to outline specific instruments to prepare for a national emission trading system, with a cabinet decision due in 2022.Thailand’s experience of carbon market mechanisms...