ABSTRACT
As developing and emerging countries try to move towards low carbon growth, fiscal and legal reforms of their environmental and energy policy frameworks are imperative. This applies particularly for Thailand, whose rapid and energy-intensive economic growth and accelerating urbanization has posed enormous challenges for environmental sustainability and the transformation of energy systems. Thailand has turned into a net energy importing country and is now one of the largest emitters of greenhouse gases (GHG) in Asia. A joint report by the World Bank and the Thai National Economic and Social Development Board (NESDB) stresses the urgent need of the Thai government to step up its efforts towards deploying pricing and fiscal measures and clearly defined, performance-based energy-saving targets to curb the rising energy intensity in the country (World Bank and NESDB, 2011).
