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Apec session to focus on carbon credits, tax

The meetings are expected to focus on sustainability. (Photo: Reuters)

The carbon tax and carbon credit markets will be major topics of discussion at the finance ministers’ meeting at the Asia-Pacific Economic Cooperation (Apec) summit in Thailand this year, says Fiscal Policy Office adviser Warotai Kosolpisitkul.

The Apec finance ministers’ meeting is scheduled before the leaders’ meeting. The two themes of the finance ministers’ meeting are sustainable finance and the digital economy, Mr Warotai said.

Sustainable finance focuses on the use of fiscal tools to create sustainability, such as green bonds and a carbon tax to combat climate change.

A meeting of finance ministry deputy permanent secretaries and deputy central bank governors of Apec nations is scheduled for March 16-17 to set the meeting…

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