OPINION

The twin challenges of 'climate finance'

Oped, Sarinee Achavanuntakul, Published on 07/08/2024

» As I am writing this in early August, climate finance is becoming a trendier topic in Thailand's financial and business sector. I suspect this is partly due to two recent developments: the upcoming Climate Change Act (the draft of which is making the rounds via public hearing sessions), and the Excise Department's announcement in June 2024 that Thailand aims to become the second country in Asean, after Singapore, to collect carbon tax, which is slated to start at 200 baht per metric ton of CO₂ equivalent (tCO₂e).