In the rice paddies of Suphanburi, a farmer faces the impact of the European Union’s Carbon Border Adjustment Mechanism (CBAM) on agriculture. While not currently covered, the CBAM is shifting towards including agricultural products, potentially affecting countries like Thailand that export significant amounts of rice, cassava, and other goods. Southeast Asia’s food systems are crucial globally, but face pressure due to rising carbon pricing in major markets like China and Japan. To adapt, Thailand and its neighbors need to start issuing agricultural carbon credits to mitigate the impact of carbon pricing regulations.
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