dc.contributor.author	World Bank
dc.date.accessioned	2024-01-11T19:42:15Z
dc.date.available	2024-01-11T19:42:15Z
dc.date.issued	2024-01-11
dc.description.abstract	The twin shocks of the pandemic and weak global trade has particularly impacted Thailand due to the country’s position as a trade and tourism hub. Thailand’s tourism arrivals reached only 75 percent of pre-pandemic levels in September despite the ongoing growth in global services trade. Visitor numbers increased across the board, except for China and Japan which are experiencing economic slowdown. The economic recovery faltered due to global headwinds as growth fell to 1.5 percent year-on-year in 2023 Q3, well below expectations. Thailand has implemented a range of policies to reduce greenhouse gas emissions and has taken the first steps to implementing comprehensive carbon pricing. This report explores some of the complexities involved in implementing carbon pricing. It finds that Thailand has already taken some of the most difficult steps in setting up a comprehensive carbon pricing policy instrument. Important questions remain to be addressed about what form carbon pricing should take in Thailand and which economic sectors should be included in a carbon pricing scheme. The potential benefits from carbon pricing may be substantial. Carbon pricing is likely to play an important role in meeting future emission reduction targets, reducing environmental degradation and air pollution while positioning Thailand as a regional leader in green and sustainable growth.	en
dc.identifier	http://documents.worldbank.org/curated/en/099121223123018912/P5010091ef52cc09d1b46c1af1a43820def
dc.identifier.doi	10.1596/40882
dc.identifier.uri	https://openknowledge.worldbank.org/handle/10986/40882
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC: World Bank
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by/3.0/igo/
dc.subject	GROWTH AND REAL SECTOR
dc.subject	INFLATION
dc.subject	ENERGY PRICES
dc.subject	CARBON PRICING
dc.title	Thailand Economic Monitor, December 2023 - Thailand's Pathway to Carbon Neutrality	en
dc.title.subtitle	The Role of Carbon Pricing	en
dc.type	Report
dspace.entity.type	Publication
okr.crossref.title	Thailand Economic Monitor, December 2023 - Thailand's Pathway to Carbon Neutrality: The Role of Carbon Pricing
okr.date.disclosure	2024-01-11
okr.date.lastmodified	2024-01-10T00:00:00Z	en
okr.doctype	Economic & Sector Work
okr.doctype	Economic & Sector Work::Economic Updates and Modeling
okr.docurl	http://documents.worldbank.org/curated/en/099121223123018912/P5010091ef52cc09d1b46c1af1a43820def
okr.guid	099121223123022724
okr.guid	099121223123035774
okr.guid	099121223123018912
okr.identifier.docmid	P501009-ef52cc1a-de08-479d-b46c-af1a43820def
okr.identifier.doi	http://dx.doi.org/10.1596/40882
okr.identifier.doi	https://doi.org/10.1596/40882
okr.identifier.externaldocumentum	34213482
okr.identifier.internaldocumentum	34213482
okr.identifier.report	186417
okr.import.id	2834
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/099121223123018912/pdf/P5010091ef52cc09d1b46c1af1a43820def.pdf	en
okr.region.administrative	East Asia and Pacific
okr.region.country	Thailand
okr.topic	Macroeconomics and Economic Growth::Economic Growth
okr.topic	Macroeconomics and Economic Growth::Economic Forecasting
okr.topic	Energy::Energy and Economic Development
okr.unit	EFI-EAP-MTI-MacroFiscal-2 (EEAM2)

Publication: Thailand Economic Monitor, December 2023 - Thailand's Pathway to Carbon Neutrality: The Role of Carbon Pricing

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Thailand Economic Monitor, December 2023 - Thailand's Pathway to Carbon Neutrality: The Role of Carbon Pricing