This initiative targets taxing carbon emissions released by oil refineries and proposing a carbon tax on EV batteries to address EV waste disposal issues in the future.
The European Union (EU) will begin testing its Carbon Border Adjustment Mechanism (CBAM) from October 1, 2023, for seven product categories: aluminium, steel, cement, fertilisers, electricity, hydrogen, and other upstream goods like nuts and screws made of steel. The Excise Department’s director general, Ekniti Nitithanprapas, emphasised that this carbon tax facility aligns with ESG principles, focusing on environmental, social, and governance aspects.
In the pursuit of sustainable development and environmental concerns, the Excise Department is also exploring the idea of carbon taxation for the energy and transport sectors, given that Thailand currently emits around 400 million tons of carbon dioxide annually, with…
