Climate change bill ramps up efforts to cut emissions
Thailand’s first climate change bill is prompting businesses to step up efforts to fight global warming, with a recent project co-developed by Chevron Thailand and Prince of Songkla University aiming to cut carbon dioxide emissions for rubber plantations.
The new law, which is scheduled to be forwarded for the cabinet’s approval by the third quarter of this year, imposes a tax on carbon dioxide released from business operations and requires entrepreneurs to collect data on greenhouse gas emissions and report it to the Office of Natural Resources and Environmental Policy and Planning. Continued …
SCBAM offers climate change fund
As the Thai stock market stagnates, SCB Asset Management (SCBAM) is launching the Global Climate Change Fund (SCBCLIMATE) to attract investors eager to cash in on global trends.
The fund, a pioneer in Thailand, invests in businesses related to reducing greenhouse gas (GHG) emissions to mitigate the impact of climate change, creating opportunities for investment portfolios to grow in the long term, said SCBAM Chief Executive Narongsak Plodmechai. Continued …
Thailand launches 72-million-trees initiative
The government has initiated the 72 Million Trees for Forest Restoration project to Honor His Majesty the King’s 72nd birthday on July 28.
This project unites volunteers from all sectors to plant and maintain trees, aiming to restore nature’s richness and provide clean air to the public. The goal is to plant a total of 72 million trees nationwide. The Ministry of Natural Resources and Environment has been designated as the main agency responsible for registration, sourcing saplings, and compiling data on tree planting by various agencies, organizations, and groups for future maintenance and care. Continued …
Power, investment key to data center goal
Promoting affordable renewable power and continuing investment in related infrastructure are key factors if Thailand is to achieve its goal of becoming a regional data center hub, according to executives.
Thailand has become a regional destination for major data center firms. Alibaba Group recently announced a plan to establish additional data centers in its key markets, including Thailand, over the next three years. Continued …
PTT to promote adoption of hydrogen and CCS technologies
Large organizations with substantial assets need capable leadership to navigate through crises in the fast-changing business landscape, disrupted by multiple factors. Among them is PTT PCL, a state enterprise listed on the stock exchange, whose new CEO Kongkrapan Intarajang is already reviewing the company’s business strategies as part of the new 5-year investment plan (2025-2029).
The plan aligns with the new PDP 2024 policy, promoting hydrogen use in Thailand, which is seen as a clean energy source to help the country achieve its net zero target. Continued …
217 money-losing NGV stations have closed
A total of 217 of the 513 natural gas vehicle (NGV) stations nationwide have been closed, as the business has been operating at losses, a source from PTT Plc said.
The source said most of the NGV stations that have ceased operations were owned by private firms or individuals who decided to turn their stations into other businesses after they saw that the income from selling natural gas for vehicles had plunged. Continued …
Thailand’s ‘haze season’ always comes back
When the haze season comes, village chief Nanthawat Tiengtrongsakun and his tribesmen start preparing the land for fire.
They cut shrubs and trees on their small parcels of land, then set controlled burns that will clear their fields for planting — and send up plumes of smoke that add to some of the worst air in the world. It’s a slightly sweet gray haze that blurs the mountains in this part of northern Thailand to a faint outline, makes the air itself feel solid and turns breathing and swallowing painful for some. Continued …
Car Makers Slash EV Production, Chinese EVs Stranded at Thai Ports
Japanese manufacturers in Thailand have reduced production to a single shift and have stopped paying overtime to workers. Meanwhile, imported Chinese EVs are not selling, with over 10,000 cars parked idle at ports.
According to a report by Prachachat Business, the Thai car market has hit its lowest point in 10 years. Japanese automakers and Chinese EV manufacturers are facing difficulties with excess inventory. They are scrambling to find parking spaces at warehouses in Laem Chabang, Chonburi, and Rayong. Continued …
Is the EV charge running out of steam?
Electric vehicle markets around the world are not all traveling in the same direction or at the same speed in 2024 according to a report by Bloomberg. Sales of EVs continue to rise globally, but some markets are experiencing a significant slowdown and many automakers have pushed back their EV targets.
Progress varies by segment, with electric commercial vehicles set for another blistering year and segments like buses and two- and three-wheelers already reaching very high levels of electrification. Continued …
Perks to cover used EV battery refurbishment
Thailand continues to fuel the growth of its electric vehicle supply chain, with the latest investment incentives focusing on the repair and refurbishment of used EV batteries, says the Board of Investment (BoI).
The expansion of EV manufacturing, one of 12 S-curve industries the country is targeting, has led the BoI to introduce a new investment promotion category covering service centers for the repair, repacking and reuse of used EV batteries. Continued …
Thais urge to help save endangered sea turtles in local waters
Turtle-breeding colonies of five species in Thai waters are at risk of extinction due to human activity, the government warned, while encouraging all Thais to reduce their use of plastic bags and packages, as the country joined the world in celebrating World Sea Turtle Day on Sunday, deputy government spokeswoman Kaenika Oonchit said.
Leatherback, loggerhead, olive ridley, hawksbill, and green turtles are five near-extinction species. The leatherback turtle is currently listed as a protected wild animal, while the other four species of sea turtles are on the protected wildlife list under the Wildlife Preservation and Protection Act of 2019. Continued …
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