BANGKOK -- Thailand, Malaysia and other Southeast Asian countries are moving to introduce carbon taxes in an effort to combat climate change and encourage domestic companies to decarbonize and increase their competitiveness.
The Thai cabinet approved in late January a carbon tax that will come into effect as soon as this month. Companies that manufacture petroleum products like gasoline and aviation fuel will be taxed 200 baht (about $6) per tonne of carbon dioxide emissions at the time of shipment.
