Thailand is advancing green and climate policies by adopting tailored macroeconomic tools to assess trade-offs, with initiatives like carbon pricing and bio-circular green investments aimed at reducing emissions, boosting fiscal revenues and promoting inclusive growth.
This report identifies a need for improved macroeconomic tools to help policymakers assess trade-offs between various policy options, especially as traditional models often fail to provide holistic insights.
The analysis demonstrates that introducing a carbon tax can significantly reduce greenhouse gas emissions while generating fiscal revenues. Reinvesting these revenues into social and environmental sectors boosts productivity, reduces inequality and supports sustainable growth.