Thailand is making significant strides in clean energy development as the government and businesses collaborate on various projects aimed at reducing carbon dioxide emissions. Initiatives such as increasing the use of renewable energy sources for electricity generation and promoting electric vehicles (EVs) are helping create new environmentally friendly businesses.
Companies that do not adhere to eco-friendly practices may face penalties, while those working to minimise environmental damage could gain certain benefits. One such penalty is the Carbon Border Adjustment Mechanism (CBAM), introduced by the EU to impose charges on manufacturers that do not follow environmentally friendly practices.
Thai businesses are also capitalising on carbon credit trading and renewable energy certificates (RECs) to combat global warming. Carbon credit trading enables companies to…
