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.

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. 

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The Nation Reporter