carbon emissions
- Environment News
Thailand boosts efforts to meet Paris climate goals amid challenges
Thailand is intensifying its efforts to cut down on greenhouse gas emissions as the country’s current actions fall short of the targets set in the 2015 Paris climate agreement. Chalermchai Sri-on, the minister of Natural Resources and Environment, highlighted these concerns during his address at the COP29 climate summit held in Baku, Azerbaijan. Addressing the summit, which is set to…
- Business News
Banpu strikes a green chord amid energy chaos
While the energy industry faces turbulent times, Thai powerhouse Banpu is staying the course, determined to hit the right note with its ambitious green agenda. Listed on the Stock Exchange of Thailand (SET), Banpu is full steam ahead in its mission to produce quality energy with a keen focus on environmental care, even as market volatility looms large. Under the…
- Business News
Thailand to launch 130 billion baht sustainability-linked bonds for 2025
The Public Debt Management Office (PDMO) is gearing up to introduce a sustainability-linked bond (SLB) valued at 130 billion baht for the fiscal year 2025. This move aligns with the country’s commitment to reducing carbon emissions and promoting the use of electric vehicles (EVs). An initial release of bonds worth 20 to 30 billion baht (US$588 to 882 million) is…
- Business News
Thailand to introduce carbon tax to curb emissions this year
Thailand is set to implement a carbon tax this year, Deputy Finance Minister Paopoom Rojanasakul announced at the Road to Net Zero 2024: The Extraordinary Green event. The Finance Ministry plans to propose the carbon tax measure to the Cabinet for approval soon, with the goal of rolling it out in the coming months. Paopoom explained that this measure aims to…
- Thailand News
Thai energy firms question new power plan for carbon neutrality
Thailand’s energy firms expressed concerns that the revised power development plan (PDP) may fall short of the kingdom’s 2050 carbon neutrality goals, highlighting the need for a balanced approach between practicality and optimism. The PDP, which is set to be enforced from 2024 to 2037, aims to promote greater use of renewable energy to reduce carbon dioxide emissions. However, energy…
- Business News
Thailand to introduce carbon tax by 2025, oil tax burden unchanged
The Excise Department plans to introduce a carbon tax by 2025, with the overall oil tax burden expected to remain unchanged. This move aims to align with the Global Warming Act, which is set to be enacted in 2025. According to the Director-General of the Excise Department, Ekniti Nitithanprapas, the department has examined global practices for implementing a carbon tax…
- Automotive
The future of fuel in Thailand: Innovating for sustainability
Thailand is undergoing a pivotal transformation in energy production, transitioning from fossil fuels to innovative and sustainable alternatives. Over the past four decades, the energy landscape has seen considerable evolution, featuring significant measures such as the adoption of ethanol and biodiesel blends. These initiatives have established Thailand as a regional leader in renewable energy. Exploring alternative fuel options Biofuels Biofuels…
- Thailand News
Lamborghini to debut electric supercar in Thailand by 2028
Automobili Lamborghini, the renowned Italian luxury sports car manufacturer, plans to introduce its new electric supercar to Thailand, with a global debut slated for 2028. This initiative is part of the company’s broader strategy to reduce carbon dioxide emissions. For years, Lamborghini has been actively developing electric vehicle (EV) technology to support its goal of achieving carbon neutrality, according to…
- Thailand News
Oxygen treatment makes Thai wastewater clean
In a move to tackle Thailand’s wastewater crisis, a pioneering oxygen treatment method promises to transform foul-smelling waters into pristine streams, all while slashing carbon emissions. In the heart of Thailand’s bustling capital, Bangkok, a silent revolution is underway. Piyabut Charuphen, the managing director of BIG, a trailblazer in industrial gas technology, unveils the Generating A Cleaner Future initiative. This…
- Business News
Thailand’s EGAT targets biomass, hydrogen to cut CO2 emissions
The Electricity Generating Authority of Thailand (EGAT) is endeavouring to combat climate change by adopting alternative fuels to replace coal in its power plants. Partnering with the Forest Industry Organisation, a study is underway to identify fast-growing plants suitable for conversion into biomass fuel. This initiative falls within EGAT’s strategy for long-term CO2 reduction, as confirmed by Chaiwut Lakmuang, the…
- Business News
Thailand’s BAAC plans to acquire 510,000 tonnes of carbon credits
The Bank for Agriculture and Agricultural Cooperatives (BAAC) seeks to acquire 510,000 tonnes of carbon credits over the next five years, according to Chatchai Sirilai, the bank’s president. This move aligns with Thailand’s ambition to achieve carbon neutrality by 2050 and its net-zero target, which aims to equalize greenhouse gas (GHG) emissions and absorption by 2065. Chatchai revealed that the…
- Thailand News
No fast solution for Bangkok’s air pollution problem
Experts are urging Thailand to tackle its air pollution crisis head-on, branding it a structural issue requiring citizen-led solutions. The discussion unfolded during the Journey to Clean Air event, orchestrated by the British and Australian Chambers of Commerce in Bangkok. Diving deep into potential solutions, the discourse highlighted institutional limitations and the pivotal role citizens play in driving change towards…
- Business News
Thailand to launch green investment trusts for forestry initiatives
Thai regulatory bodies are paving the way for the establishment of investment trusts dedicated to forestry and tree-planting initiatives. These new financial products, dubbed green investment trusts, are part of an effort to diversify the capital markets and provide financial support to sectors that align with carbon neutrality goals. Pornanong Budsaratragoon, the secretary-general of the Securities and Exchange Commission (SEC),…
- Thailand News
Thailand’s airports vow to eliminate carbon emissions by 2032
Airports of Thailand (AOT) is gearing up to transform the aviation landscape by pledging to achieve carbon neutrality by 2030 and zero carbon emissions by 2032. AOT, responsible for overseeing the nation’s major hubs, has laid out an ambitious strategy to slash a whopping 50% of its annual carbon footprint, currently standing at 300,000 tons. Keerati Kitmanawat, AOT’s dynamic CEO…
- Thailand News
Climate crisis: Thailand promises to cut carbon emissions by 40%
Thailand has pledged a whopping 40% cut in carbon emissions, up from its initial 30%, following the resounding success of the 2023 United Nations Climate Change Conference (COP28) in Dubai. At a riveting COP28 debriefing event yesterday, December 20, Phirun Saiyasitpanich, Chief of the Department of Climate Change and Environment, declared that a serious study based on social, environmental, and…
- Thailand News
Thailand’s path to net-zero: 6 mega-trends to combat carbon missions
Renewable energy, electric vehicles, hydrogen, and the circular economy are the knights in shining armour, charging into the battleground of carbon emissions, claims Melissa Moi, the head of sustainable business at the United Overseas Bank (Thailand). This revelation comes on the heels of the 28th United Nations Climate Change Conference, COP28, where the imminent industrial upheaval stole the spotlight. Climate…
- Thailand News
Thailand’s EV initiative: Driving towards a greener future
The Thai government has embarked on an ambitious plan to replace ageing government vehicles with electric vehicles (EVs), in line with their carbon neutrality goal set for 2050. The Thai EV initiative move was prompted by a notification issued by Prime Minister Srettha Thavisin, encouraging the use of EVs within the government sector. PM Srettha’s order, issued via the Secretariat…
- Business News
Sakol Energy revises 2023 revenue forecast due to RDF delays
Sakol Energy (SKE), a firm involved in the trade of compressed natural gas and the operation of biomass power plants, adjusted its revenue expectations for 2023 owing to a delay in commencing operations at a new refuse-derived fuel (RDF) production facility. The publicly traded company had earlier predicted a revenue leap to nearly 1 billion baht in 2023, a significant…
- Business News
CKP and BEM partner for Thailand’s first solar-powered mass transit rail
CK Power Plc (CKP) Bangkok Expressway and Metro Plc (BEM) have forged a partnership to bring the first solar-powered mass transit rail systems to Thailand. The collaboration aims to utilise solar energy to power the MRT Chalerm Ratchamonkol Line (MRT Blue Line) and the MRT Chalong Ratchadham Line (MRT Purple Line) which, combined, span over 71 kilometres and have 54…
- Business News
CP Foods launches Asia’s first carbon-neutral cage-free egg
To promote eco-friendly eating and animal welfare, Charoen Pokphand Foods Plc (CP Foods) launched a pioneering carbon-neutral cage-free egg in Asia, certified by the Thailand Greenhouse Gas Management Organization (TGO). The move bolsters CP Foods’ dedication to minimising environmental impact. Somkid Wannalukkhee, who leads CP Foods’ egg division, emphasised the company’s commitment towards crafting low-carbon food commodities. He says CP…
- Business News
Hydrogen program launched by Egco to cut CO2 emissions in the US
A significant advancement in the pursuit of cleaner energy took place recently, as Electricity Generating Plc (Egco), a subsidiary of the state-run Electricity Generating Authority of Thailand, launched a hydrogen program. This new initiative is set in the Linden Cogen thermal cogeneration plant’s 172-megawatt Unit 6, located in the US. The hydrogen fuel blending programme is part of a wider…
- Environment News
Thailand food waste project reduces emissions and promotes carbon trading
Progress has been made in managing household waste and reducing carbon emissions at a local level in Thailand, with the Ministry of Interior (MOI) celebrating the success of the ‘Food Waste Management for Climate Action and a Commitment to Sustainable Thailand’ project. This project aims to broaden emissions reduction efforts and manage carbon credits in alignment with the United Nations’…
