Thai Cabinet Approves Climate Bill Targeting Net Zero Emission

Thailand’s cabinet approved a draft climate change law that aims to reduce carbon emission and reach a long-term net zero goal, deputy government spokesperson Lalida Persvivatana.

• The law will create a centralized legal framework for Thailand’s climate action, covering mitigation, adaptation and climate-risk management
• It will also introduce carbon pricing mechanism such as carbon tax, emissions trading and carbon credit markets, Lalida says in a briefing Tuesday
• NOTE: Thailand’s New Net-Zero Target Needs Renewables to Surge: React

--With assistance from Suttinee Yuvejwattana.

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Pathom Sangwongwanich in Bangkok at psangwongwan@bloomberg.net

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