News and Updates

Thailand is set to implement a carbon tax this month as part of its efforts to reduce greenhouse gas emissions and promote environmental sustainability.

Speaking after the signing of a cooperation agreement to promote awareness of the carbon tax and sustainable energy consumption with PTT Plc and Bangchak Corporation Plc on Monday, Deputy Finance Minister Paopoom Rojanasakul said the ministerial regulation on carbon tax, which was approved by the cabinet two weeks ago, is currently under review by the Council of State.

*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information' . 

**Photo credit: Bangkok Post

Singapore – which is exploring 7.35 gigawatts (GW) worth of clean power deals in Southeast Asia to meet its decarbonisation goals – is looking to develop a framework that recognises renewable energy credits (RECs) from these transactions, in a bid to increase the viability of costly cross-border projects for developers.

*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information'. 

**Photo credit: Wikimedia Commons

The Finance Ministry is set to propose a carbon tax for cabinet approval on December 11. Speaking at the Sustainability Forum 2025 seminar, Kulaya Tantitemit, director-general of the Excise Department, said the implementation of the carbon tax would not affect operators or consumers of oil and petroleum products because the overall tax burden on oil and petroleum products will remain the same. The department will simply adjust the proportion of the tax on oil and petroleum products and incorporate the carbon tax into the oil and petroleum tax structure, she said.

The department will simply adjust the proportion of the tax on oil and petroleum products and incorporate the carbon tax into the oil and petroleum tax structure, she said.

According to Ms Kulaya, the department's proposal calls for a carbon tax rate of 200 baht per tonne of carbon. 

*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information' . 

**Photo credit: Bangkok Post