If emissions exceed the specified standards, companies can purchase carbon credits to compensate.CBAM initially applies to seven types of products, including steel and aluminium.
Thai exporters should be aware of the standards because there is a possibility the EU might expand the range of products.
CBAM has made the carbon credit market buzz with activity. Those interested in this market, such as tree planters, solar energy producers, or even biomass energy producers, must understand how carbon credits work.
Essentially, individuals or entities can earn passive income by meeting the EU criteria related to carbon emissions reduction. For example, planting trees can earn carbon credits. One hectare of trees can absorb one tonne of carbon emissions per year. The price of these credits fluctuates based on market demand and the type of carbon credit. Currently, “forest” credits…
