Model Law on Green House Gas Emission Trading

Abstract

The objective of this research was to develop a model law on the trading of greenhouse gas emission rights. The research method used in data collection and analysis is qualitative research. It consisted of Documentary research; In- depth interview; Participatory Design, Co - Design; and Hearing.The results of research showed that Thailand has an obligation according to the Paris Agreement (COP21) and the COP 26 Conference, by declaring carbon neutrality target by 2050 and net zero greenhouse gases emissions target by 2065 ( B.E. 2608). However, Thailand does not have a law that restricts the rights to greenhouse gas emission through permission system, and no rules for operators to measure, report or examine the amount of greenhouse gases emission, which will lead to the trading of greenhouse gas  emission rights, as well. Therefore, it is necessary to establish a model law on trading of greenhouse gas emission rights. The structure of law shall consist of Greenhouse Gas Emission Trading System Supervision Committee and Office to administer and supervise the trading system of greenhouse gas emission rights; licensing; measuring and reports; sell and purchase of rights; supporting measures; fees; and penalties, which will be an important legal mechanism in helping Thailand to achieve its greenhouse gas reduction targets as per the obligations declared with United Nations. The research suggests that the draft of law governing the trading of greenhouse gas emission rights shall be adopted in order to  limit the amount of greenhouse gas emission and to have a system for trading greenhouse gas emission rights according to the legal structure derived  from this research.