When the matter of "quality" may no longer be enough. Another important challenge for Thai entrepreneurs is to prepare and adapt in the production process with big concern on the environment and reducing pollution.
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When the EU will enforce the measure of Carbon Border Adjustment Mechanism: CBAM), which effective from 1st October 2023 onwards. If the production process and export of Thai products to the European market emits high amounts of greenhouse gases, it will be charged a "carbon tax" at a high rate accordingly. The pilot will begin with 6 product categories that have high levels of greenhouse gas emissions first which are Cement, Iron & Steel, Aluminium, Fertilizer, Electricity and Hydrogen.
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