Federation of Thai Industries (FTI) is warning Thai exporters to brace for non-tariff barriers (NTBs), likely to be imposed by developed countries on their products, if Thailand fails to increase the proportion of renewable energy in its energy portfolio.
FTI’s Renewable Energy Industry Club chairman Suvit Thoraninpanich said on Monday his club is alerting both policymakers and businesses to the NTB calculated on carbon emissions related to exported products under the neutral carbon policy.
NTB is not exactly a tax but a “fee” charged to products that uses unclean energy or demands a lot of energy during manufacturing process.
The measure is expected to be implemented by several developed…
