Thailand's cabinet has agreed to impose a carbon tax of 200 baht (US$5.88) per tonne of emissions as part of the Southeast Asian nation’s goal to become carbon neutral by 2050 and achieve net zero greenhouse gas emissions by 2065.
Paopoom Rojanasakul, Thailand’s deputy finance minister, announced the carbon tax in a statement on January 21.
It will be levied on products including gasoline, kerosene, jet fuel, diesel biodiesel, liquid petroleum gas and fuel oil.
Paopoom says the tax will be included in the existing oil tax and won’t affect retail prices of oil and oil products or costs in the industrial sector.
Some 70% of carbon emissions in Thailand come from the automotive and oil industries.