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	<title>carbon tax Archives &#8226; The Electricity Hub</title>
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		<title>Thailand Approves Carbon Tax to Curb Emissions, PM2.5 Pollution</title>
		<link>https://theelectricityhub.com/thailand-approves-carbon-tax-to-curb-emissions-pm2-5-pollution/</link>
					<comments>https://theelectricityhub.com/thailand-approves-carbon-tax-to-curb-emissions-pm2-5-pollution/#respond</comments>
		
		<dc:creator><![CDATA[Martins Eze]]></dc:creator>
		<pubDate>Tue, 21 Jan 2025 11:47:59 +0000</pubDate>
				<category><![CDATA[Carbon Emissions]]></category>
		<category><![CDATA[Climate Change]]></category>
		<category><![CDATA[International News]]></category>
		<category><![CDATA[Sustainable Development]]></category>
		<category><![CDATA[carbon tax]]></category>
		<category><![CDATA[Thailand]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=99110</guid>

					<description><![CDATA[<p>Thailand’s cabinet has approved a carbon tax on gasoline, diesel, and LPG, aiming to reduce pollution, including PM2.5 particulate matter, while initially avoiding direct impact on fuel prices, a government&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/thailand-approves-carbon-tax-to-curb-emissions-pm2-5-pollution/">Thailand Approves Carbon Tax to Curb Emissions, PM2.5 Pollution</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li class="">Thailand’s cabinet has approved a carbon tax on gasoline, diesel, and LPG, aiming to reduce pollution, including PM2.5 particulate matter.</li>



<li class="">The Excise Department will determine specific tax rates later, based on a baseline carbon tax rate of 200 baht per ton of carbon.</li>
</ul>



<p class="">Thailand’s cabinet has approved a <a href="https://theelectricityhub.com/?s=carbon+tax">carbon tax </a>on gasoline, diesel, and LPG, aiming to reduce pollution, including PM2.5 particulate matter, while initially avoiding direct impact on fuel prices, a government spokesperson said on 21 January.</p>



<p class="">Deputy government spokesperson Karom Phonphonklang stated that the cabinet endorsed the carbon tax as a mandatory price mechanism to raise awareness and encourage responsibility for carbon emissions among businesses and the public, mitigating the impact of <a href="https://theelectricityhub.com/?s=climate+change">climate change</a>. He added that businesses exporting goods to countries with carbon border adjustment mechanisms (CBAM) could use the tax for potential fee reductions.</p>



<p class="">The Excise Department will determine specific tax rates later, based on a baseline carbon tax rate of 200 baht per ton of carbon. Initially, the carbon tax will be implemented by converting existing excise taxes into a carbon tax format, ensuring no immediate additional cost burden for consumers using gasoline, diesel, LPG, jet fuel, or fuel oil, Karom confirmed. The move also targets PM2.5 pollution.</p>



<p class="">The government aims to promote ESG (Environmental, Social, and Governance) principles to enhance competitiveness and reduce energy consumption. The Excise Department is tasked with reducing greenhouse gas <a href="https://theelectricityhub.com/?s=emissions">emissions</a> by 50 per cent by 2030, in line with national targets.</p>



<p class="">This reduction will be achieved through various measures, including promoting the use of electric vehicles (EVs) to reduce emissions from the transportation sector by 19.5 per cent. Also, switching to R32 refrigerants to cut emissions from cooling systems by 12.20 per cent, increases the use of renewable energy like solar rooftops to reduce emissions from electricity generation by 62.40 per cent. </p>



<p class="">This improves energy efficiency through smart lighting and automated building lighting controls to reduce emissions by 1.60 per cent, and transitioning from desktop PCs to laptops to <a href="https://tna.mcot.net/english-news-1477288">reduce </a>emissions by 3.60 per cent.</p>
<p>The post <a href="https://theelectricityhub.com/thailand-approves-carbon-tax-to-curb-emissions-pm2-5-pollution/">Thailand Approves Carbon Tax to Curb Emissions, PM2.5 Pollution</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
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			</item>
		<item>
		<title>India’s Local Carbon Tax to support Green Energy Transition</title>
		<link>https://theelectricityhub.com/indias-local-carbon-tax-to-support-green-energy-transition/</link>
					<comments>https://theelectricityhub.com/indias-local-carbon-tax-to-support-green-energy-transition/#respond</comments>
		
		<dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator>
		<pubDate>Fri, 03 Nov 2023 09:13:06 +0000</pubDate>
				<category><![CDATA[Distribution]]></category>
		<category><![CDATA[International News]]></category>
		<category><![CDATA[Prospects & Challenge]]></category>
		<category><![CDATA[Renewables]]></category>
		<category><![CDATA[carbon tax]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[Green Energy]]></category>
		<category><![CDATA[India]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=81710</guid>

					<description><![CDATA[<p>India plans to tax high-carbon goods locally. The goal is to support its green energy transition and avoid the EU&#8217;s carbon tax on imports. The EU approved a carbon levy&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/indias-local-carbon-tax-to-support-green-energy-transition/">India’s Local Carbon Tax to support Green Energy Transition</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li class="">India plans local carbon tax to support green energy transition.</li>



<li class="">EU&#8217;s carbon levy on high-carbon goods causes concern, triggering talks.</li>
</ul>



<p class="">India plans to tax high-carbon goods locally. The goal is to support its green energy transition and avoid the EU&#8217;s carbon tax on imports. The EU approved a carbon levy on high-carbon goods like steel and iron ore in April, causing concerns in India. Talks are underway to address this issue.</p>



<p class="">Trade minister, Piyush Goyal, stated that if exporting nations tax carbon locally, there won&#8217;t be an additional levy. The solution lies in using domestic taxes to align with European <a href="https://theelectricityhub.com/?s=carbon+tax">carbon taxes</a>. By collecting the tax in India and investing it in the energy transition, India and its exporting companies benefit. This move can reduce the need for the Carbon Border Adjustment Mechanism (CBAM) tax.</p>
<p>The post <a href="https://theelectricityhub.com/indias-local-carbon-tax-to-support-green-energy-transition/">India’s Local Carbon Tax to support Green Energy Transition</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p>
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