State mulls incentives to drive green push

The government is considering the provision of tax incentives for companies that participate in the government’s ongoing efforts to reduce carbon dioxide emissions.

Jinanggoon Rojananan, deputy secretary-general of the National Economic and Social Development Council, said tax incentives are needed to entice the Thai private sector to reduce carbon dioxide emissions in line with the government’s efforts to achieve carbon neutrality by 2050 and net-zero greenhouse gas emissions by 2065.

Thailand produces about 250 million tonnes of carbon dioxide emissions per year, of which 100 million tonnes stem from electricity generation.

Ms Jinanggoon said the Thai private sector is preparing to work with the government to achieve such goals, and many firms are getting ready to enter the carbon market.

She cited a survey by the Federation of Thai Industries (FTI) in 2021 that…