Thailand BOI Approves Measures to Support Carbon Reduction
These measures comprise the following:
- These measures comprise the following:
1) The grassroots economy support scheme will also cover the support to local organizations involved in the development of sustainable agricultural activities such as low-methane rice farming. - 2) 3-year tax holidays will be offered to investments in machinery upgrades aimed at reducing greenhouse gas emissions.
- This new measure is expected to contribute to the country's commitments on greenhouse gas reduction.
- Petrochemical production facilities implementing Carbon Capture Utilization and Storage (CCUS) technologies will be granted 8-year corporate income tax exemptions.