Environment

Thai Government postpones environmental car tax reform

Thailand Excise Department has studied how to collect motor vehicle excise tax in accordance with the quantity of carbon dioxide released.

Published

8 years ago

August 25, 2012

Boris Sullivan

Deputy Finance Minister Thanusak Lek-uthai said the ministry will not yet propose vehicular tax structure changes for Cabinet consideration linked to the quantity of carbon dioxide CO2 released by newly-produced vehicles.

Such a method of tax adjustment is intended to reduce environmental problems.Mr Thanusak said that the auto industry has only just recovered from last year’s flood, and is installing new machinery in its production lines, and the government recently launched its ‘First Car’ scheme to boost sales and car ownership in the auto sector.

Thai people love big cars, but they don’t like taxes. Bangkok also have a notorious traffic and environmental problem.

Changing the vehicular tax structure should not be done now, he said, as it could require the auto industry to change its production lines, which will be a burden for the sector.In case of a structural change, the Excise Department has studied how to collect motor vehicle excise tax in accordance with the quantity of carbon dioxide released.

A 50 per cent tax collection applies to an engine higher than 3,000cc, while a 30 per cent tax would be applied to vehicles with an engine smaller than 3,000cc.

In that case, the tax collection structure for vehicles with the usage of ethanol, gasohol a gasoline and ethyl alcohol mix, and electric and eco cars will be annulled. MCOT online news

via Finance Ministry not proposing changes in vehicle tax structure.

Environment

Thailand to put world’s largest floating solar farm into use this June

The facility, which generates power on a water surface of 72 hectares, was originally scheduled for operation in December last year, but the launch was postponed due to the COVID-19 pandemic.

Published

1 day ago

January 25, 2021

Bui Dung

Bangkok (VNA) – State-run Electricity Generating Authority of Thailand (Egat) expects to operate a 45-megawatt floating solar farm it claims to be the largest in the world this June.

(more…)

Environment

Real estate Sustainable development spurred by COVID-19 pandemic

There is an increasing awareness of the environmental impact of real estate: the World Green Building Council suggests that buildings are responsible for upwards of 40% of the world’s greenhouse gas emissions.

Published

4 months ago

September 30, 2020

Daniel Lorenzzo

Since the onset of the COVID-19 pandemic, the real estate sector worldwide is stepping up its response to climate change and sustainable development.

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Environment

Thailand accepts World Bank’s climate change grant

Thailand has approved an acceptance draft for a 5 million dollar grant from the World Bank, to fund projects reducing the emission of environmentally harmful HFC gas.

Published

6 months ago

July 17, 2020

National News Bureau of Thailand

BANGKOK (NNT) – In addition to several projects and agreements approved in the Cabinet meeting yesterday, the government has agreed to accept a 5 million dollar U.S. grant from the World Bank to reduce emissions of hydrofluorocarbon gas (HFC), which is one of the greenhouse gases affecting the globe’s ozone layer.

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