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The impact of carbon tariffs from Europe and the United States is gradually becoming evident. The Kasikorn Research Center estimating that Thailand could face significant economic losses if it fails to keep pace with the low-carbon measures adopted by other advanced countries. These losses could even amount to as much as 32% of the country's GDP.
Burin Adulwattana, the Managing Director and Chief Economist of Kasikorn Research Center, stated that the Carbon Border Adjustment Mechanism (CBAM) proposed by the EU and the Clean Competition Act (CCA) introduced by the US could serve as potential barriers for high-carbon footprint goods. "If this issue is not addressed promptly, Thai products may encounter adverse impacts from trade barriers," he emphasized.
