The CEO of the Bangchak Group displays on concepts for designing Thailand’s carbon tax and the trail to Web Zero.

“ASEAN ought to develop and promote the setting of frequent carbon credit score requirements as an internationally accepted regional commonplace.”

Mr. Chaiwat Kovavisarach The CEO of Bangchak Group and President of Bangchak Company Public Firm Restricted was invited as a speaker at a convention on the topic “Carbon tax – Thailand’s key path to decarbonisation Planning Thailand’s carbon tax” Share a non-public sector perspective on the difficulty of carbon taxation that may assist drive the achievement of the Web Zero purpose by taking part in a dialogue with Dr. Somkiat Tangkitwanit Chairman of the Improvement Analysis Institute of Thailand Dr. Ekniti Nitithanprapas Director Common of Excise Division and Dr. Chana Phumi Assistant Common Supervisor Sustainability Administration of Siam Cement Public Firm Restricted on the EARTH JUMP 2024 THE EDGE OF ACTION seminar organized by Kasikorn Financial institution on the Samyan Mitrtown buying heart constructing lately.

Mr Chaiwat stated future tax measures will trigger extra prices. Totally different manufacturing departments ought to purpose to enhance manufacturing and administration effectivity. Together with using inexperienced expertise and innovation to cut back carbon emissions. and advised gathering the carbon tax It must be used as funding to develop expertise that may assist attain the purpose of Web Zero.

“He believes that Thailand ought to use each the ETS (Emissions Buying and selling Scheme – setting a cap on greenhouse gasoline emissions) and the carbon tax on the identical time. By permitting the market mechanism to replicate the value of carbon As well as, ASEAN ought to develop and promote the setting of frequent carbon credit score requirements on the regional stage. To push the central requirements for worldwide acceptance. This may have the benefit of accelerating the bargaining energy of utilizing environmental safety measures such because the EU’s cross-border carbon offset measurement (CBAM). and financing strategies resembling Inventory Exchanged Funds come to the rescue”