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Thai government exempts mangrove land tax to encourage development. (Photo: Wikimedia Commons)
Mangroves are three to five times more effective at carbon sequestration than tropical forests, and the Thai government is optimistic about their substantial carbon credit potential.
Recently, Thailand amended tax laws to encourage mangrove restoration, with plans to exempt land taxes on green area, such as mangrove forests, starting in 2025. This initiative aims to accelerate the goal of restoring 80,000 hectares of mangrove forests by 2031.
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