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Sunday, May 5, 2024

Climate change bonanza

Gen Prayut drives a rice harvester during a trip to Chiang Rai’s Chiang Khong district to promote BCG rice farming. Farmers are encouraged to use technology to reduce pollution for every stage of rice production. Government House photo

Global campaigns to cut carbon dioxide emissions not only alert businesses to new non-tariff barriers imposed as part of efforts to fight global warming, they can also lead to new opportunities in the clean energy sector.

As the European Union (EU) gears up for the first phase of the Carbon Border Adjustment Mechanism (CBAM) later this year, many businesses have announced plans aiming to benefit from the shift from fossil fuels to renewable energy.

CBAM, which imposes charges on manufacturers that…

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