Illustrative image (Photo: enviliance.com) Bangkok (VNA) - Thailand is expected to startenforcing a new law outlining measures to reduce carbon dioxide (CO2) emissions in an effort to help the state andbusiness sectors better deal with climate change, a senior official has said.
Assistant to the Minister of Natural Resources andEnvironment of Thailand Rachata Phisitbanakorn revealed the information at a forum entitled"Action for Change", held on April 1, elaborating that the ministryhas set up the Department of Climate Change and Environment and initiated climatechange-related measures to emphasise Thailand's commitment to cutting CO2 emissions.
Then Prime Minister Prayut Chan-o-cha committed at the26th UN Climate Change Conference in Glasgow in 2021 that Thailand would bemore aggressive in addressing climate change, striving to reach carbonneutrality by 2050, along with a net-zero target by 2065.
According to Rachata, the new law comprises variousmechanisms to achieve climate change mitigation targets through economic instruments such as carbon credittrade, a carbon tax, a domestic emissions trading system as well as mandatorycompliance measures for business operators.
It is also aimed at enhancing Thailand's capability tomitigate and adapt to climate change, enabling the transition to a moresustainable economy, he said, adding that the Thailand Greenhouse Gas Management Organisationwill act as the regulator of carbon trade for businesses./.
