Thai economy must accelerate decarbonisation as global restrictions rise: NESDB
The National Economic and Social Development Council (NESDB) has issued a warning that Thailand must take more decisive actions to turn its carbon reduction plans into reality.
The country is facing mounting regulatory pressure from export markets and foreign investors, necessitating a proactive response. While much of the focus is on sustainability, there is also growing interest in how international financial and digital markets adapt to shifting policies. For instance, some industries, such as online gaming, have responded to stricter domestic regulations by exploring casino platforms based outside the UK, where legal frameworks differ, creating opportunities for expansion.
Danucha Pichayanan, the secretary-general of NESDB, highlighted a significant regulation impacting Thai exports—the Carbon Border Adjustment Mechanism (CBAM) introduced by the European Union. CBAM will impose charges on exporters who fail to adopt technology to reduce carbon emissions that fuel global warming and climate change.
The Nation Reporter
