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Thailand's carbon tax is expected to be implemented this year. Officials from the Ministry of Finance have revealed plans to link the carbon tax with the excise tax to prevent companies from passing on costs to consumers. Additionally, the country will ad

To achieve its carbon reduction targets, Thailand is formulating five major energy plans with a total investment of 2.9 trillion baht (about 93 billion USD). Over 50% of this budget will be allocated to renewable and alternative energy.

To reduce the country’s overall energy consumption, the Thai government is launching an energy-saving program targeting public sector agencies.

Thailand announced that manufacturers producing hybrid vehicles will benefit from a reduction in excise tax. This move will attract at least 50 billion baht (about USD 1.4 billion) in new investments over the next four years.

The Thai government is considering raising electricity prices, causing concerns in the industry about potential impacts on multinational corporate investment. Kriengkrai Thiennukul, Chairman of the Federation of Thai Industries (FIT), stated that Thailand

To attract foreign investment, particularly from data centers, the Thai government intends to open up Direct Power Purchase Agreements (DPPA), allowing businesses to directly purchase green electricity from power generators.

Thailand's latest power development plan (PDP) raises the renewable energy generation target from the previous 36% to 51%. However, some renewable energy industry stakeholders believe that the country should set even more ambitious goals.

Following Singapore, Thailand will become the second ASEAN country to implement a carbon tax ahead of CBAM. Thailand plans to levy carbon taxes in 2025, aligned with the enactment of the “Global Warming Act”.

Pattaya City took a significant step forward on Apr. 25 by introducing electric pickup trucks, Hilux Revo-e, for trial service known as the Song Taew, in a bid to revolutionize public transportation and address pollution.

Thailand is preparing to introduce the Climate Change Act. Assistant Minister of the Ministry of Natural Resources and Environment, Rachata Phisitbanakorn, mentioned in a seminar this month that the law may come into effect this year.