There are environment-related mechanisms, policies and regulations that have been introduced in countries around the world, some of which are already in effect, while others are still draft regulations under consideration. The Carbon Border Adjustment Mechanism (CBAM) is already in effect, ….
The Climate Change Bill has gone through a public hearing and will be considered by the cabinet for approval in principle this June. The Climate Change Bill will help accelerate Thailand’s climate mitigation and adaptation efforts to fulfill Thailand’s nationally determined contribution under the Paris Agreement.
A public hearing was held on the draft amendment to the Petroleum Act, B.E. 2514 (1971), under which a specific legal framework has been developed to accommodate carbon capture and storage (CCS) related activities. The Draft Petroleum Act will regulate “carbon business” as activities….
The Stock Exchange of Thailand has launched a new mutual fund, the ‘Thailand ESG Fund’, which is designed to promote Thailand’s roadmap towards sustainable development. To attract investment, tax benefits will be granted….
Although Thailand does not currently have legislation to regulate electrical and electronic equipment waste (E-waste) in a systematic and sustainable manner, an E-Waste Management bill is currently underway of ongoing legislation. This bill targets…
Since international interest has been increasing in recent years, biodiversity has become one of the long-term business strategies that companies should consider. In Thailand, a Biodiversity Bill is currently being drafted to promote the sustainable use of biological resources and to ensure equitable access and benefit sharing. Read more…
The current legal framework for managing packaging and other householdwaste in Thailand has long been governed by various pieces of legislation,such as the Public Health Act, B.E. 2535 (1992) and the Act on theMaintenance of Cleanliness and Orderliness of the Country, B.E. 2535(1992). However, these laws only cover broad and general practices ofwaste management without particular focus on recyclable waste, and donot address the waste issue at the root cause nor encompass allstakeholders with relevant…
As a key step in combating the climate change crisis, the Thai governmenthas recently established the Department of Climate Change andEnvironment (CCE) within the Ministry of Natural Resources andEnvironment. This central government agency is dedicated to focusing onthe country’s climate change efforts. Read more…
In recent years, environmental issues have been increasingly prioritized,leading to positive results in the development of national policies inThailand. Many draft environmental legislations, which were previouslystalled, are now regaining momentum as key enablers to drive Thailandtowards a more sustainable future. Read more…
On 30 June 2023, the much-anticipated Thailand Taxonomy – Phase Iwas published by the Thailand Taxonomy Board. It has long beenhighlighted by the Bank of Thailand (BOT) in its plan for a New ThaiFinancial Landscape as a key instrument to promote the allocation offunding to support the transition towards environmental sustainability. Read more…