BANGKOK, Sept 6 – Financial measures will be a tool to push for a green society and automotive tax structures will be revised to stimulate environmental conservation, Finance Minister Kittiratt Na-Ranong said today.
He said the government was drafting a law on an environmental conservation tax which involves collecting tax collection for waste disposal and private damage deposit guarantees given the negative impact on the environment during manufacturing.
Thailand’s Excise Tax Department is revising automotive taxes based on the amount of carbon dioxide emissions instead of horse power, he said, indicating that some producers manufacture vehicles emitting less carbon, at only 100g/km.
Mr Kittiratt, concurrently deputy premier, said the private sector will need time to adjust and redesign production systems.
Government support for electric motorcycle production is being studied, including possible solar charging, tax incentives for green research.
Anusorn Sangnimnuan, president of Bangchak Petroleum, said a vehicle using E10, E20 or E80 gasohol reduces gas emissions by 15kg per day. Bangchak will increase gas stations with E85 service to 100 locations by year end. The company educates children on alternative energy through various projects.
National Economic and Social Development Board (NESDB) secretary-general Arkom Termpitayapaisit said Thailand’s development in the next five years under the 11th NESDB Plan will concentrate on sustainable economic and social growth for the environment, efficient use of resources and adjustment of consumer behaviour by using environmentally friendly products.