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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 spokesperson said on Tuesday.
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 climate change. He added that businesses exporting goods to countries with carbon border adjustment mechanisms (CBAM) could use the tax for potential fee reductions.
*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: Pattaya Mail
The Indonesia Stock Exchange invited foreign participants to join its carbon trading, saying the certification mechanism has been improved following tepid activities on the IDXCarbon bourse last year.
The IDX listed five low-carbon energy projects under state utility Perusahaan Listrik Negara in its offering of carbon credits to foreign buyers, including gas-powered and hydropower plants on the island of Java. These had previously been available to domestic investors, but IDX and government officials said the certification mechanism has been improved to satisfy foreign buyers.
**Photo credit: Rezha Hadyan/Nikkei Asia
The United States Agency for International Development (USAID) and Vietnam’s Ministry of Industry and Trade (MOIT) marked the completion of the five-year USAID Vietnam Low Emission Energy Program (V-LEEP) today. Through V-LEEP, MOIT and USAID worked together to enhance Vietnam’s capacity in developing long-term energy strategies, mobilize private investments for renewable energy, and improve compliance of industrial energy efficiency.