News

Thailand’s cabinet approves a carbon tax rate of 200 baht ($5.88) per ton of carbon emissions. Deputy Finance Minister Paopoom Rojanasakul stated in an official announcement that the carbon tax will be integrated into the existing petroleum tax structure.

The de facto leader of the ruling Pheu Thai Party, former Prime Minister Thaksin Shinawatra, recently raised the topic of lowering electricity rates, sparking widespread discussion. Most of the proposals are related to renewable energy.

As the new year begins, Thailand's newly adopted electricity prices remain high, averaging 4.15 Thai Baht per kilowatt-hour (about USD 0.12). Although this marks a slight reduction compared to 2024, the price remains above 4 Baht.

The healthcare industry is a high energy-consuming sector, contributing 4.4% of global greenhouse gas emissions. In Thailand, many hospitals have adopted electricity usage management systems and energy-saving measures to reduce carbon emissions.

Recently, Thailand amended tax laws to encourage mangrove restoration, with plans to exempt land taxes on green area, such as mangrove forests, starting in 2025.

Japan's two major automakers, Honda and Nissan, confirmed they are considering a merger. Soon after, reports emerged that Foxconn is interested in acquiring Nissan, aiming to bolster its brand in the electric vehicle sector.

To expand the development of electric vehicles (EVs), the Thai government has passed a new tax system aimed at hybrid electric vehicles (HEVs) and mild hybrid electric vehicles (MHEVs), offering conditional excise tax reductions for manufacturers.

Hylife Group in Thailand is making a strong push to reduce carbon emissions with a major investment of over THB 400 million (about USD 11.6 million) to establish its first sustainable factory for Hylife Global Foods.

Thailand's weak automotive market may hinder the development of electric vehicles (EVs). After revising its car production targets for the year, the Federation of Thai Industries (FTI) has also lowered its forecast for new EV registrations.

To mitigate the impact of intermittent wind and solar power generation, the Electricity Generating Authority of Thailand (EGAT) plans to invest 90 billion Thai baht (approximately 2.6 billion USD) in expanding pumped-storage hydropower plants at three dam