Thailand 2020 Clear all

        • Article

        • 11 Aug 2020

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

        …trade programme in 2013 and 2017 due to retirement of coal plant and growth of renewables and natural gas generation. In addition, revenue from the cap-and-trade programme financed the California Climate Investments. These funded renewable fuel research, clean vehicle incentives, energy efficiency installations, wildfire protection and development of a low-carbon economy workforce. The country has some experience of carbon market mechanisms, but also has “readiness gaps” Having 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%…