Thailand is facing twin challenges of mitigating greenhouse gas emissions and adapting to climate change. While Thailand contributes less than 1% of global emissions, it is ranked as the ninth most at-risk country from climate change impacts.
Key Takeaways
- Thailand should prioritize adapting to the changing climate over reducing greenhouse gas emissions due to its vulnerability to climate change impacts and its small contribution to global emissions.
- External pressures, such as the Paris Agreement, Carbon Border Adjustment Mechanism, and demands from supply chain leaders and investors, are pushing Thailand to reduce its greenhouse gas emissions.
- Implementing carbon pricing, either through a carbon tax or cap and trade system, can effectively reduce greenhouse gas emissions, stimulate innovation, and generate government revenue.
External pressures, such as the Paris Agreement and the…
