snoop1130 Posted May 29, 2023 Share Posted May 29, 2023 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 sell credits from reduced emissions to other organisations struggling to meet their reduction targets. Meanwhile, RECs encourage power plant owners to generate electricity from clean fuels, with each REC certifying that the bearer generates one megawatt-hour (MWh) from renewable energy resources. By Alex Morgan Caption: IMAGE via Unsplash Full Story: https://thethaiger.com/news/business/thailand-advances-in-clean-energy-and-carbon-credit-trading -- © Copyright Thaiger 2023-05-29 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information. 1 Link to comment Share on other sites More sharing options...
hotchilli Posted May 29, 2023 Share Posted May 29, 2023 11 hours ago, snoop1130 said: Companies that do not adhere to eco-friendly practices may face penalties, while those working to minimise environmental damage could gain certain benefits Nuff said. 1 Link to comment Share on other sites More sharing options...
Popular Post rwill Posted May 29, 2023 Popular Post Share Posted May 29, 2023 (edited) Carbon credit trading does nothing to reduce carbon emissions. It's just a money grab. How about fining countries that burn their land down every year? Edited May 29, 2023 by rwill 1 5 Link to comment Share on other sites More sharing options...
sidneybear Posted May 30, 2023 Share Posted May 30, 2023 2 hours ago, rwill said: Carbon credit trading does nothing to reduce carbon emissions. It's just a money grab. How about fining countries that burn their land down every year? Correct. Carbon trading just shifts emissions from one place to another, making some people richer but ordinary people poorer. 1 Link to comment Share on other sites More sharing options...
Purdey Posted May 30, 2023 Share Posted May 30, 2023 Carbon trading is just Pay to Pollute. 1 Link to comment Share on other sites More sharing options...
ozz1 Posted May 30, 2023 Share Posted May 30, 2023 I was wondering how much carbon trading does China pay probably nothing Link to comment Share on other sites More sharing options...
Stargeezr Posted May 31, 2023 Share Posted May 31, 2023 At least Thailand does not have a carbon tax. Thankfully. Link to comment Share on other sites More sharing options...
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