Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

The Pathway to NDC and Carbon Neutrality: Roles of Optimum Degree between Marginal Abatement Cost and Social Cost of Carbon in Thai Power and Industrial Sector

Phitsinee Muangjai
,
Wongkot Wongsapai
* ORCID logo ,
Tassawan Jaitiang
,
Chaichan Ritkrerkkrai
ORCID logo ,
Sopit Daroon
,
Waranya Thepsaskul
ORCID logo
Version 1 : Received: 27 September 2023 / Approved: 27 September 2023 / Online: 28 September 2023 (12:16:02 CEST)

A peer-reviewed article of this Preprint also exists.

Muangjai, P.; Wongsapai, W.; Jaitiang, T.; Ritkrerkkrai, C.; Daroon, S.; Thepsaskul, W. The Pathway to NDC and Carbon Neutrality: Roles of Optimum Degree between Marginal Abatement Cost and Social Cost of Carbon in the Thai Power and Industrial Sector. Sustainability 2024, 16, 160. Muangjai, P.; Wongsapai, W.; Jaitiang, T.; Ritkrerkkrai, C.; Daroon, S.; Thepsaskul, W. The Pathway to NDC and Carbon Neutrality: Roles of Optimum Degree between Marginal Abatement Cost and Social Cost of Carbon in the Thai Power and Industrial Sector. Sustainability 2024, 16, 160.

Abstract

Thailand has formulated her climate change policy and updated relevant plans and policies to align with the goal of achieving carbon neutrality and net zero GHG emissions. This study investigates the optimal level of GHG mitigation in Thailand, taking into account the marginal abatement cost (MAC) and social cost of carbon (SCC). It evaluates how energy efficiency and renewable energy technologies influence GHG reduction in the power and industrial sector and illustrates policy recommendations that align with the 2020 to 2050 policy and plan period. The findings indicate that there may be instances where GHG mitigation potential is insufficient to reach the national mile-stone. In such cases, it becomes imperative to leverage all technologies within the marginal abatement cost curve (MACC) and also utilization of the social cost of carbon for policy decision making and meeting the desired goals. In certain scenarios, the adoption of additional technologies or measures may be necessary, such as flexible power generation and deploying carbon capture and storage or hydrogen which are high-cost technologies. Furthermore, preparations should be made for multiple levels of climate change policies and plans beyond 2030.

Keywords

NDC; Carbon Neutrality; Optimum Degree; Marginal Abatement Cost; Social Cost of Carbon; Industry Sector; Power Sector; Thailand

Subject

Engineering, Energy and Fuel Technology

Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Download PDF Download Supplementary

Comments (0)

We encourage comments and feedback from a broad range of readers. See criteria for comments and our Diversity statement.

Leave a public comment
Send a private comment to the author(s)
* All users must log in before leaving a comment
Views 0
Downloads 0
Comments 0
Metrics 0
Get PDF Supplementary Files Cite Share 0
Bookmark BibSonomy Mendeley Reddit Delicious
×
Alerts
Notify me about updates to this article or when a peer-reviewed version is published.
We use cookies on our website to ensure you get the best experience.
Read more about our cookies here.