Thread: Nation Group joins carbon neutral group

Thailand Greenhouse Gas Management Organization lauds carbon neutrality success

In a significant stride towards its carbon neutrality goals, Carbon Registry Thailand (CRT) team up with ESG Planet, and Wei Heng Law Firm for the Asia Carbon Neutral Investment Forum.

This event, a key milestone in Thailand’s push for sustainable development, brought together a diverse array of stakeholders including investors, entrepreneurs, government officials, and distinguished guests.

Under the banner "Driving Towards Carbon Neutrality," the forum spotlighted Thailand's proactive measures in tackling climate change and promoting carbon-neutral practices across multiple sectors.

The event achieved TGO’s Carbon Neutral certification by offsetting approximately 43,000 kilograms of carbon emissions through T-VER Carbon credits, setting a benchmark for future gatherings. His Excellency Datuk Jojie Samuel, Malaysia's Ambassador to Thailand, delivered the opening keynote, lauding the event’s commitment to carbon neutrality and reaffirming Malaysia’s dedication to the 2030 Sustainable Development Goals.

Pongpanu Svetarundra, Chairman of the Board of Directors at TGO, expressed sincere gratitude to the organizers for their efforts in offsetting carbon emissions. He underscored that carbon-neutral events not only minimize environmental impact but also enhance corporate reputation, attract eco-conscious participants, and set a precedent for a sustainable future. Embracing carbon neutrality, he stressed, is a proactive step in combating climate change and preserving the planet for future generations.

Pongpanu emphasized the critical need for innovative solutions and decisive action in addressing climate change, commending CRT’s recent advancement in developing a new satellite remote sensing methodology for carbon credit calculation and monitoring. He highlighted the transformative potential of clean technologies, renewable energy, and sustainable practices, noting that strategic partnerships and investments are pivotal in unlocking Southeast Asia’s green economy.

The forum presented an optimistic outlook on Southeast Asia's Green Economy, unveiling substantial investment opportunities. With projections indicating a cumulative investment requirement of USD 1.5 trillion by 2030, green investment flows into ASEAN already reaching USD 6.3 billion in 2023, and potential new revenue of USD 300 billion by 2030, he emphasized the economic viability and environmental necessity of transitioning to a low-carbon future.

He extended an invitation to global and regional investors to explore the abundant opportunities in Southeast Asia, particularly in Thailand, leveraging its rich natural resources and entrepreneurial spirit. The forum was positioned not just as a venue for showcasing investment opportunities but also as a catalyst for fostering dialogue and collaboration between public and private sector stakeholders.

In conclusion, TGO reaffirmed its commitment to steering Thailand towards a low-carbon economy, promising sustainable returns and a lasting legacy for future generations. The organization expressed optimism about the impactful partnerships and insightful discussions generated by the forum, underscoring a collaborative approach to achieving shared environmental goals.

Hyundai unveils EV plans in Thailand with THB1 billion investment

South Korean auto giant receives BOI privileges approval

South Korean auto giant Hyundai Motor has announced plans to invest 1 billion baht to manufacture electric vehicles under the Ioniq brand in Thailand, following investment promotion approval by the Board of Investment.

Production is set to start in early 2026, with Thonburi Automotive Assembly, a long-time partner, handling assembly.

Hyundai Mobility Manufacturing (Thailand) Co Ltd said the investment would be used to establish EV and battery production facilities in Thailand, in line with the Thai government's EV3.5 policy supporting the EV industry.

Jae Gyou Chung, the CEO of Hyundai Mobility Manufacturing (Thailand), said that Thailand had been designated as a strategic location for Hyundai in ASEAN. With the Thai government's support through the EV3.5 measures, Hyundai is ready to invest and aims to commence production in early 2026.

“We have received official approval from the BOI to invest in the production of Ioniq electric vehicles and batteries. This project is a result of collaboration between Hyundai Mobility Manufacturing (Thailand) and a key partner, a leading domestic automotive assembly plant,” said Jae.

The domestic assembly plant referred to by Jae Gyou Chung is likely Thonburi Automotive Assembly Co Ltd, which currently assembles Mercedes-Benz vehicles at its Samrong plant in Samut Prakan province. Hyundai used to assemble its Sonata model at this plant nearly 16 years ago.

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PEA achieves milestone with successful issuance of Sustainability Bond

The Provincial Electricity Authority (PEA) announced the successful issuance of its inaugural Sustainability Bond, marking a significant stride towards its commitment to green finance.

Mr. Supachai Ek-Un, the PEA Governor presided over the press conference, with Mrs. Chanunporn Phisitvanich, Deputy Director-General of the Public Debt Management Office (PDMO), Ms. Ariya Tiranaprakij, Deputy Managing Director of the Thai Bond Market Association (ThaiBMA), Mr. Anouj Mehta, Country Director ADB Thailand, Resident Mission Southeast Asia Department, Asian Development Bank (ADB), Mr. Thomas Leonard, Head of Section, Sustainability Services Supply chain and product assurance, DNV (Thailand) Co., LTD, Ms. Suyanee Phuripanyawanich, Assistant Managing Director, Bangkok Bank Public Company Limited, joining the congratulations and Mr. Kosintr Puongsophol, Senior Financial Sector Specialist, Asian Development Bank (ADB), presented on the topic of Fundraising Trends with ESG Bonds at the PEA headquarters.

The bond, which has a 5-year maturity, of 1 billion baht, with a fixed-coupon bond at 2.67% per annum, issued its first sustainability bond, with the Public Debt Management Office, Ministry of Finance, as the financial facilitator, and Bangkok Bank Public Company Limited as the underwriter. The bond proceeds will be allocated to fund two projects: the construction of the submarine cable extension to Koh Tao, Surat Thani province, and Microgrid Development at Phaluai island, Surat Thani province.

The Asian Development Bank (ADB) acted as the Sustainable Finance Framework advisor and provided certification for the bond issuance. DNV (Thailand) Co., Ltd. served as the independent second-party opinion provider, ensuring compliance with PEAÂ’s sustainable finance framework with international best practices. Notably, PEA is the first state-owned energy enterprise in Thailand to align its framework with the ASEAN Taxonomy version 3.

The bond issuance was met with overwhelming interest from institutional investors, underscoring the growing demand for environmentally friendly investments, to the point that it was able to offer the full amount and the subscription amount was 6 times the offered amount. This achievement highlights PEA's commitment to innovation in green finance, and aligns with the organization's commitment to carbon neutrality by 2037 and net zero emissions by 2065, in line with the government's policy to drive sustainable development in all dimensions of the economy, society, and the environment.

The PEA would like to express its sincere gratitude to all investors who have shown interest in participating in our bond auction. PEA has ongoing plans to issue bonds and would like to invite investors to participate in future auctions. Investors can follow up on PEA's bond issuance plans through the SOE quarterly borrowing plan on the PDMO website (www.pdmo.go.th).

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Banpu targets investments in technology to cut carbon emissions

Energy giant Banpu Public Co Ltd is stepping up efforts to invest in technology to help reduce carbon dioxide emissions, CEO Sinon Vongkusolkit told a media briefing on Thursday.

The move, he said, would include additional investment in Carbon Capture, Utilisation, and Sequestration (CCUS) technology, battery farms, and battery manufacturing. However, given the current state of the global economy, the company must proceed cautiously, awaiting the right time and price before making a move, he added.

BanpuÂ’s confidence in continuing to invest in decarbonisation and other energy technology stems from previous successes, particularly CCUS projects in the United States.

These initiatives are expected to result in the production of Carbon Sequestered Gas, a Scope 1, 2, and 3 carbon neutral natural gas product.

“At the same time, we are drivin “At the same time, we are driving the integration of digital technology and AI across all business units to improve operational efficiency and add value to Banpu’s ecosystem. This includes enhancing infrastructure and logistics management, expanding sales and marketing opportunities, reducing costs, and increasing competitiveness, particularly in the energy resources sector in Indonesia and the United States,” he said.

The move also coincides with a surge in demand for green energy sources, with data centres being prime examples of where Banpu intends to play a key role as an eco-friendly energy solution provider.

“We are now in discussions with potential international partners. We would like to introduce net zero gas to these data centres,” he said.

The majority of the US$350 million in total investment funds this year would be invested in decarbonisation, he added.

Given that the global energy industry landscape is shifting towards green and clean requirements, Sinon pointed out that decarbonisation efforts, along with digitalisation, would help the company achieve long-term stability.

BanpuÂ’s US subsidiary, BKV Corporation (BKV), recently sold some of its non-operated upstream and midstream assets in PennsylvaniaÂ’s Marcellus Shale for a combined price of around $132 million, subject to adjustments. This strategic move will allow BKV to maintain capital discipline while focusing on the growth of its higher-return assets.

In addition, the Ponder Solar project, a 2.5-megawatt solar power plant in TexasÂ’ Barnett Shale, is scheduled to begin operations in August 2024.

This project is a crucial step on BKVÂ’s path to achieving net zero Scope 2 emissions from its owned and operated upstream and natural gas midstream businesses, Sinon said. BKVÂ’s path to net zero is expected to include lowering its direct and indirect greenhouse gas emissions, reducing its reliance on external electricity purchases, using self-generated power from renewable energy sources such as the Ponder Solar project, and implementing CCUS projects to sequester its and third-party emissions.

SinonÂ’s announcement came on the same day that the company reported resilient operating performance in the first half of the year. It reported total sales revenue of $2.441 billion, earnings before interest, taxes, depreciation, and amortisation of $650 million, and net profit of $69 million.

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New biodiesel being tested that promises 30% lower CO2 emissions

Isuzu and PTT collaborating on creating new fuel with used vegetable oil

A new biodiesel called “HVO” that promises reduced greenhouse gas emission is now being tested under a collaboration between Tri Petch Isuzu Sales and national oil and gas conglomerate PTT Plc.

HVO is a mixture of used vegetable oil and diesel fuel, resulting in a biodiesel that emits 30% lower carbon dioxide (CO2) compared to regular biodiesel, Tri Petch Isuzu Sales Ltd said on Friday.

The company said the test is being conducted in Isuzu ELF trucks with real-life usage by Mon Transport Ltd, a leading logistics operator.

After covering a distance of over 5,000 kilometres, no problem or abnormality has been found, it said, adding that the test would conclude in February next year.

The project highlights Isuzu’s policy of “Multi-Pathways to Carbon Neutrality”, with the aim of minimising environmental impact and boosting the efficiency of Thailand’s logistic network, the company said.

Its parent company Isuzu Motor in Japan also announced the production of electric vehicles (EVs) within 2030. The company’s EV line-up will include pickup trucks, medium to large-sized trucks, and passenger buses.

Isuzu Motor also promised to invest 1 trillion yen (240 billion baht) by 2030 in research and development in carbon neutrality and logistics, and in establishing an EV development and testing centre called "The Earth Lab" by 2026.

Thai EV association recharges with new president and board

EVAT unveils fresh leadership for Thailand’s mission to forge EV manufacturing and export hub in Southeast Asia

The Electric Vehicle Association of Thailand (EVAT) has unveiled a new president and board to guide the country in its mission to become a hub for EV manufacturing and exporting in Southeast Asia.

Suroj Sangsanit, vice president of SAIC Motor-CP, takes over as president of EVAT from Krisda Utamote following his election by the association’s board. His term will last two years, starting July 13, 2024.

EVAT is a non-profit organisation dedicated to promoting and supporting the exchange of knowledge on EV technology and innovation, as well as providing consulting on regulatory standards and developing EV technology in Thailand. The association has over 390 members drawn from the private sector, educational institutions, state enterprises, and individuals.

Suroj said EVAT’s key mission is to advance and promote the Thai EV industry within the supply chain.

"I envision Thailand becoming a base for manufacturing electric vehicles, a technology of the future, creating jobs, careers, and income for Thai workers, and enhancing the skills of the workforce in production, development, and maintenance of EVs through partnerships with public and private organisations, both domestically and internationally," he said.

Uthen Supatti, EVAT vice president of Academic Affairs and Personnel Development, emphasised that Thailand must develop human resources and advance technological knowledge to become an EV hub in Southeast Asia.

Siamnut Phanasorn, vice president of Industry and Business Development, said the association supports the government's 30@30 policy to achieve carbon neutrality by ensuring EVs account for 30% of auto production by 2030.

"We hope that one day Thailand will be a major exporter of electric vehicles, becoming a product champion and generating income for the country, similar to [current production of] pickup trucks."

The association is working with the Board of Investment (BOI) and the Thai Automotive Parts Manufacturers Association to support production and attract foreign investment in the EV sector.

Jaturong Suriyasasin, vice president of Infrastructure Development, highlighted the need to develop EV infrastructure to meet growing consumer demand. Charging stations operated by various companies are mushrooming, with national energy conglomerate PTT expecting to have 600 charging stations nationwide by the end of this year.

Digital platform key for Thai EV ecosystem: EGAT says

BackEN EV, a digital platform for electric vehicle charging station management, is playing an important role in the future mobility ecosystem, the Electricity Generating Authority of Thailand (EGAT) said on Tuesday (September 10).

Combined with the EleXa smartphone application, the platform supports charging station management and mitigates the expense burden of platform development among operators.

BackEN EV offers operators real-time data management, financial reports, billing and notification alerts while EleXa boosts the visibility of their charging stations among customers.

Entrepreneurs need to invest between 200,000 baht and 2 million baht depending on the size of the charging station and types of chargers. EGAT is ready to provide for charger installation, data management and maintenance service.

EGAT currently has 190 EleX by EGAT charging stations and another 90 charging stations are receiving its support. Most of these operators set up their chargers in condominiums, hotels, office buildings and community malls.

EGAT has been tasked by the government to develop infrastructure for supporting the growth of Thai EV industry, the authority’s head of EV business solutions Pichit Phongprasert told The Nation.

It has collaborated with partners in setting up EV infrastructure and has worked on installing efficient charging stations nationwide over the past three years, he said, adding that BackEN EV and EleXa have played a pivotal role in allowing people to charge their vehicles and make a payment.

He also expects those platforms to offer alternatives for running EV charging business among entrepreneurs.

Confidence is key

Although investment in charging stations in Thailand would not generate high profits for now, this will change as more drivers become aware of the charger availability.

“We believe that apart from urging entrepreneurs to run EV charging businesses, allowing them to use platforms will mitigate their expense burden,” he said, pointing out that the price of EV chargers has fallen thanks to increased competition from China and Europe.

He cautioned, however, that low-quality chargers could affect entrepreneurs and customers’ confidence, adding that most have only a two-year warranty.

“If chargers’ lifespan is 10 years, entrepreneurs have to face the risk of broken chargers in the remaining eight years,” he explained, adding that charger repair costs are as high as buying a new one and noting that EGAT offers high quality EV chargers for operators.

Future of Thai EV industry

Thailand aims to become an EV production hub and is actively encouraging Thais to switch to more eco-friendly vehicles and this necessitates the availability of easily accessible charging stations nationwide.

“Once there are sufficient numbers of EVs on the roads and charging stations are shown to be cost-effective, more will be set up thus further strengthening the ecosystem,” he said, adding that EGAT would support charging station operators.

EGAT is now organising roadshows to offer advice on EV charging business among entrepreneurs nationwide.

These next two take place at Addlink Co-Working Space in Ubon Ratchathani on September 25 and Blu Monkey Hub and Hotel in Chanthaburi on October 10.

Chinese automaker Changan debuts premium EV brand AVATR in Thailand

Chinese automaker Changan Automobile officially launched its premium electric vehicle (EV) brand AVATR in Thailand on Tuesday in a move to expand its presence in the Southeast Asian country's upscale automotive market.

The event showcased the debut of the AVATR 11, an SUV coupe that marks Changan's fourth model introduction in Thailand, following the launches of the Deepal L07 and S07 last year and the Lumin L earlier this year.

Available in both standard and long-range variants, the AVATR 11 features a modern, luxurious design, state-of-the-art battery technology, and advanced driving assistance systems, positioning it as a strong contender in the luxury EV segment.

"AVATR is committed to leading in the development of EVs, meeting current needs, and moving toward a future of smart automotive solutions connected to daily life," said Shen Xinghua, managing director of Changan Auto Southeast Asia.

Together with its major partners, China's leading battery manufacturer CATL and technology giant Huawei, Changan has developed cutting-edge automotive innovations, signifying a new era of intelligent driving where technology and convenience are seamlessly integrated, Shen told the launch event.

In his opening speech, Thai Deputy Prime Minister and Minister of Energy Pirapan Salirathavibhaga highlighted the importance of investments from Chinese carmakers in stimulating the economy and aiding the development of Thailand's industrial sector.

Last year, Changan announced an investment of 8.86 billion baht ($265 million) to construct its first overseas EV production plant in Thailand, which is scheduled to start operation in 2025 with an initial capacity of 100,000 units per year.

Thailand has long been a regional automotive manufacturing and export hub. With the government's investment promotion efforts, the nation aims to convert 30 per cent of its annual auto production into EVs by 2030.

Global solar power adoption surges: Ember report

While ThailandÂ’s photovoltaic installations grew by 17.9% in 2024, solar still only makes up 3.9% of its total power

The world is on track to add 593 gigawatts of solar power in 2024, a jump of 29% year on year, London-based energy analysis company Ember noted in its latest report published on Thursday.

The report said that thanks to declining costs, installations of solar panels maintained strong growth even after an estimated 87% surge in 2023. In 2024, an estimated 292 GW of solar capacity had been installed by the end of July, it added.

EmberÂ’s report said the combined additions of China, the US, India, Germany and Brazil are on track to make up 75% of global solar additions in 2024.

Other countries covered in this analysis add a further 5%, said the report, adding that the remaining 20% are derived from analysis of Chinese photovoltaics exports that act as a proxy to indicate countries where significant installations may be taking place without being reported.

Meanwhile, Kasikorn Research Centre reported that solar panel installations in Thailand grew at an average rate of 17.9% year on year.

This rate would keep the Kingdom in 2nd place among ASEAN members, following Singapore, over the next 10 years, it said.

However, only 3.9% of ThailandÂ’s total power comes from solar energy, putting the country in fourth place in the bloc, following Vietnam (9.7% solar energy), Myanmar (5.2%), and Cambodia (5.1%). Singapore was in fifth place with 2.9% of its power coming from solar energy.

Thailand has set a goal of having 30% of its total power coming from renewable energy in 2037.

Originally Posted by Norton

China is way out front in the game. China is by far the biggest player when it comes to EVs. In 2022, 22% of passenger vehicles sold in China were all-electric, which adds up to 4.4 million sales. That's higher than the 3 million EVs sold in the rest of the world combined.

Luckily China is building a shed load of coal fired power generators to run these low emission vehicles.

Three corporate giants reveal plans to achieve net-zero emissions by 2050

Three large corporations have unveiled their investment plans to achieve their net-zero carbon emission goal during the event “60 Years Of Excellence” at Queen Sirikit National Convention Centre on Wednesday.

Several companies are working on reducing their carbon footprint to mitigate the impact of climate change and drive Thailand’s carbon neutrality and net-zero carbon emission goals by 2050 and 2065, respectively.

“Apart from strict regulations, all parties should seek guidelines together to achieve the net-zero carbon emission goal,” said Chaiwat Kovavisarach, group CEO of petroleum and energy conglomerate Bangchak Corporation.

He said the company had been working on carbon footprint reduction since 2011, starting from measuring the footprint and implementing carbon reduction plans.

Over the past 10 years, Bangchak has invested over 60 billion baht for launching activities and operating businesses related to carbon reduction, such as solar farms and renewable energy, he said.

He vowed to operate businesses that would mitigate the environmental impact along with generating profits for investors. Initially, the company aims to reduce its carbon footprint by 30%, which would be achieved through reforestation and adopting technologies for reducing emissions in production, he said.

Chaiwat said Bangchak is working on Sustainable Aviation Fuel (SAF), which has been developed from leftover cooking oil to reduce carbon emission and promote a circular economy.

He confirmed that airlines and aviation fuel producers have contacted the company for SAF, although its price is twice that of normal fuel. He expects the company to be ready for operating the SAF business in the second quarter next year.

Chaiwat advised the government to create awareness on its carbon reduction policy among entrepreneurs, especially small and medium enterprises.

He said a one-stop-service centre should be established to facilitate entrepreneurs seeking permission for carbon reduction projects. Bangchak had sought permission from the Transport and Environment ministries on operating electric motorcycle and battery swapping station services, he added.

SCG to reach net-zero in 2050

Thammasak Sethaudom, director of cement and building materials giant Siam Cement Group (SCG), said the company initially aims to reduce 25% of greenhouse gas emissions, and achieve its net-zero goal by 2050.

He said the company had developed biomass materials to boost cement production efficiency and reduce reliance on coal, which could reduce carbon emissions by 50% and increase cement sales by 70%.

Thammasak believes that adoption of biomass material enables its concrete business to reduce carbon emissions, adding that the public and private sectors should promote adoption of biomass material to further reduce emissions.

SCG has collaborated with home appliances company HomePro on recycling old refrigerators and air-conditioners to promote a circular economy, reduce carbon emission and boost business growth, he explained.

One Bangkok for carbon reduction

Panote Sirivadhanabhakdi, the CEO of real estate provider Frasers Property, said One Bangkok is a mixed-use project, developed in line with circular economy principles, such as recycling construction piles and lightweight bricks.

“Innovation and technology are important for enhancing property standards towards sustainable environment preservation,” he said, adding that the company aims to achieve net-zero carbon emission by 2050.

He added that the company aimed to develop property projects free from carbon emissions, such as residences, hospitals and office buildings, in 20 countries.

Panote, however, noted that the challenge in achieving the net-zero goal was the implementation of standards to ensure product quality and sustainability, such as a formula for concrete recycling and collaboration on construction waste management.

Solar power at core of National Energy Plan to achieve emission goal

Thailand's Ministry of Energy is ramping up efforts to implement a comprehensive National Energy Plan (NEP) aimed at achieving the country's ambitious carbon reduction target of 222 million tonnes by 2030.

The plan, which includes a significant increase in solar energy usage, is estimated to require investments of over 2.9 trillion baht and is projected to reduce CO2 emissions by more than 106 million tonnes by 2037.

The Thai government has set a bold target to reduce greenhouse gas emissions by 40% of normal emissions by 2030. To achieve this, the country is developing the NDC Action Plan on Mitigation 2021-2030, currently under review by the Office of the National Economic and Social Development Council (NESDC).

Veerapat Kiatfuengfoo, director-general of the Energy Policy and Planning Office (EPPO), pointed out that the National Power Plan will be in line with the country's greenhouse gas reduction plan to reduce greenhouse gases by 30-40% by 2030.

"We are currently considering increasing the target to 40% by boosting the proportion of renewable energy, particularly solar power," he said.

The NEP combines five key plans:

1. Thailand's Power Generation Development Plan (PDP 2024)
2. Alternative and Alternative Energy Development Plan (AEDP)
3. Energy Conservation Plan (EEP)
4. Natural Gas Management Plan (Gas Plan)
5. Fuel Management Plan (Oil Plan)

Each plan contributes significantly to the overall carbon reduction strategy.

Power Development Plan (PDP 2024)
The PDP 2024 aims to ensure sufficient stability in the electricity system to meet demand, with a total capacity of 112,391 megawatts. Notably, 51% of this capacity is slated to come from clean energy sources.

"We're promoting new clean energy technologies and the use of hydrogen mixed with natural gas to generate 5% of electricity from 2030 onwards. This plan alone is expected to reduce carbon dioxide emissions from electricity generation by 24.2 million tonnes," Veerapat said.


Alternative Energy Development Plan (AEDP 2024)
The AEDP 2024 has set a target to increase the proportion of renewable and alternative energy consumption to 36% by 2037. This includes a significant push for biofuels in the transportation sector.
"If implemented successfully, this plan could reduce fossil fuel usage by 20,000 thousand tonnes of oil equivalent, potentially saving over 400 billion baht in fuel costs," Veerapat said.

Energy Conservation Plan (EEP 2024)
The EEP 2024 aims to reduce energy consumption intensity by 36%, with a focus on both electricity and heat. The plan also includes measures to promote electric vehicles (EVs).
"Our calculations show that if the draft plan is fully implemented, it could lead to energy savings equivalent to 35,497 thousand tonnes of crude oil, worth about 532,455 million baht," Veerapat explained.

The Ministry of Energy forecasts that the NEP will necessitate investments of approximately 2.9 trillion baht by the end of 2037. This includes:

1.52 trillion baht for renewable and alternative energy
115 billion baht for infrastructure to support the transportation sector shift
114 billion baht for new businesses supporting biofuel consumption patterns
415 billion baht for Smart Grid investments
310 billion baht for upgrading fossil fuel infrastructure
425 billion baht for carbon-free power generation technology

Veerapat noted, "While the investment figures are substantial, they represent a crucial step towards Thailand's sustainable future. The long-term benefits, both environmental and economic, far outweigh the initial costs."

As Thailand moves forward with this ambitious plan, the world will be watching to see how this Southeast Asian nation balances economic growth with environmental responsibility. The success of this initiative could serve as a model for other developing countries striving to meet their climate commitments while ensuring energy security and economic prosperity.

ADB urges Thailand to adopt green finance to tackle climate change

Thailand must accelerate its economic restructuring to effectively tackle climate change, Anuch Metha, director of the Asian Development Bank’s Thailand office in Thailand, told participants of the “Road to Net Zero 2024: The Extraordinary Green” seminar organised by Thansettakij on Wednesday.

Thailand must accelerate its economic restructuring to effectively tackle climate change, Anuch Metha, director of the Asian Development Bank’s Thailand office in Thailand, told participants of the “Road to Net Zero 2024: The Extraordinary Green” seminar organised by Thansettakij on Wednesday.

Metha emphasised the need for a financial system that supports the green economy in light of the climate challenges facing Thailand and the broader Asia-Pacific region, including unpredictable weather patterns leading to floods and other natural disasters.

“Thailand needs to restructure its economy in line with the reality of climate change if we want to survive in the long term,” he said, highlighting the critical role of green finance in this transition.

Countries in the region require approximately US$1.7 trillion per year (around 59.5 trillion baht) by 2030 to enhance climate-friendly infrastructure. Over the last few years, ADB has partnered with various agencies in Thailand to issue sustainability and blue bonds, raising nearly one billion dollars in bond issuance, which later attracted an additional 10 billion dollars from the market.

Emphasising the need for innovative financial solutions to mitigate investment risks in green projects, Metha called for greater government policy support and collaboration with the private sector to facilitate the flow of capital into green initiatives.

He suggested linking incentives to pollution reduction efforts, such as implementing a carbon tax that allows businesses to earn tax breaks for lowering emissions.

Regional examples, such as the 100-megawatt solar park project in Cambodia and green infrastructure investments in Thailand, including e-tuk tuks and e-buses, illustrate ongoing efforts to transition to a green economy.

Metha also raised concerns about “greenwashing”, where organisations falsely claim environmental friendliness while failing to deliver genuine ecological benefits. He insisted on the importance of funding projects that have clear frameworks for measuring environmental impact, thereby avoiding potential greenwashing.

The ADB's establishment of the Nature Solutions Finance Centre in Bangkok aims to bolster biodiversity and environmental conservation initiatives, reinforcing its commitment to supporting Thailand's green finance objectives.

“The demand for green finance is immense. We need resources from all sectors to create sustainable outcomes, fulfilling our role as a development bank to help Thailand and the region achieve its green finance goals,” Metha concluded.

Major energy companies express readiness to sell clean electricity

Four key energy companies have expressed readiness to sell clean electricity in the second round of procurement following the announcement by the Provincial Electricity Authority (PEA) that it would purchase 2,100 megawatts.

The electricity procurement from renewable-energy sources under the Energy Regulatory Commission (ERC) in the form of feed-in tariffs (FiTs) for the years 2022 to 2030 has garnered significant interest from electricity producers, aligning with the increasing demand for renewable energy and the aim for net zero emissions.

The four private companies involved are Gulf Energy, EGCO, BAFS, and the RATCH Group.

In the first round of procurement, 5,000MW was initially announced, generating interest for 15,000MW of electricity for sale. Consequently, the government revealed plans to purchase an additional 3,000MW, followed by the latest round of 2,100MW, with more announcements expected.

Poolpat Leesombatpaiboon, ERC secretary general and PEA spokesman, said the purchasing conditions would be established on October 8, with selected applicants announced within 30 days and power purchase agreements signed within 180 days.

The PEA has set criteria for rights allocation to groups proposing wind and ground-mounted solar projects under the FiT scheme, with 198 groups qualifying for a total electricity purchase volume of 5,203MW.

The project has passed critical technical-readiness standards but had yet to be selected, as electricity supply met targeted levels.

Gulf Energy’s chief executive officer, Sarath Ratanavadi, indicated that the company is poised to submit proposals for the upcoming phase, hoping to secure at least 20% of the purchase project.

Ratthaphol Cheunsomchit, Gulf's deputy CEO, added that the company won about 3,000MW in the first round and anticipates seeing revenue commence next year. Gulf's five-year investment plan amounts to 90 billion baht, with 80% earmarked for renewable-energy initiatives.

M L Nathasit Diskul, president of Bangkok Aviation Fuel Services, noted that BAFS is ready to apply to sell clean electricity in Phase 2, leveraging its existing 40MW power plant and ongoing construction of additional solar projects, alongside a joint venture with Strengthening Power Corporation.

Dr Jiraporn Sirikum, president of EGCO Group, disclosed plans to increase the proportion of electricity generation from renewable sources to 30% by 2030, with more than 10 solar projects ready for submission.

Meanwhile, Nitus Voraphonpiput, CEO of RATCH Group, highlighted the need for the government to expedite the National Power Generation Development Plan to keep pace with increasing electricity demand.

RATCH plans to invest 10 billion baht in the latter half of 2024, targeting a renewable energy contribution of 30% by 2030 and 40% by 2035.

A source at the Ministry of Energy revealed that the second round of renewable-energy purchases totals 3,668MW, though there remains 1,500MW pending approval from a new board of the PEA, following the expiring terms of four board members at the end of September.

The source commented, “When the chairman leaves, an acting chairman must be appointed, which may delay proceedings. Therefore, the opening of the second round for clean-electricity procurement may need to wait for a fully empowered new board.”

Activists call for ‘just’ climate change laws, carbon credit system

Furious climate protesters call on Thai government to stop greenwashing large corporations responsible for carbon emissions

More than 200 climate activists on Monday gathered in front of the United Nations Headquarters in Bangkok urging the Thai government to stop the climate change laws and carbon credit system that benefit large corporations.

According to participants, the activity titled “System Change Not Climate Crisis” calls for climate justice from the government before it attends the 2024 United Nations Climate Change Conference, or COP29, being held in Azerbaijan from November 11-22.

The activity included an open seminar on climate justice, problems of the carbon credit system, and how the current climate policy enables large corporations to reap profits from natural resources.

On Tuesday, activists submitted an open letter to the executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC), before marching to the head office of the Natural Resource and Environment Ministry to urge the government to stop greenwashing large corporations responsible for carbon emissions.

Activists from Greenpeace Thailand reportedly hung a 10 by 10 metre banner on the ministry’s building, reading “People Before Profit" in English, followed by a text in Thai translating “Stop greenwashing giant carbon-emitting companies”.

A Greenpeace Thailand representative said the open letter submitted to the UNFCCC contains a seven-point demand to the Thai government, which can be summarised as follows:

1. Draft a new constitution that abolishes the 20-year national strategic plan, national forest policy, national energy plan, and other policies that contribute to increasing “fake” green space.

2. Promote the compensation of loss and damage from climate change to countries affected by global boiling.

3. Stop all climate change laws that support carbon trading which help greenwash large corporations.

4. Abolish the Thailand Greenhouse Gas Management Organisaton.

5. Revise the vision, missions and roles of Natural Resource and Environment Ministry to focus on promoting community’s rights to protect their resources and environment.

6. Revoke all concession contracts granted to private companies in carbon and bio credit projects, as well as stop all propaganda regarding carbon and bio credit.

7. Set a deadline in carbon reduction for the fossil, food, meat and resource exploration industries, with severe criminal punishment if they fail to meet the deadline.

Hydrogen: The new hope for clean energy in Thailand

As the world faces an environmental crisis, clean energy becomes a key to a sustainable future. One promising source of energy is hydrogen, which is being developed in Thailand to transition towards an environmentally friendly energy system and reduce dependence on fossil fuels.

Hydrogen is an abundant element that can be used as a clean fuel because its combustion releases only water and oxygen, causing no pollution. It also serves as an energy storage medium, capable of generating electricity through fuel cells, helping to strengthen energy security for the future.

3 examples of hydrogen development in Thailand


1. Green Hydrogen: Energy from Nature

In Thailand, the development of green hydrogen, produced from renewable energy sources like wind and solar, is being actively promoted. Green hydrogen is created through water electrolysis using electricity from renewable energy. The Electricity Generating Authority of Thailand (EGAT) has initiated a pilot project to store energy from wind turbines in the form of hydrogen gas and generate electricity through fuel cells at EGAT's Learning Center in Lam Takhong. This marks a significant step in enhancing the potential of renewable energy and improving the country's energy security.

2. Blue Hydrogen: Hydrogen from Coal

In addition to green hydrogen, EGAT is collaborating with Chiang Mai University to study blue hydrogen production, which involves extracting hydrogen from coal through coal gasification. This process utilizes Carbon Capture, Utilization, and Storage (CCUS) technology to reduce carbon dioxide emissions. Not only does this help mitigate environmental impacts, but it also increases the efficiency of coal usage to produce cleaner energy.


3. Hydrogen-Natural Gas Blending

EGAT also plans to mix hydrogen with natural gas to replace fossil fuels in electricity generation. This approach will help reduce carbon dioxide emissions and other pollutants. Moreover, EGAT is partnering with leading energy companies to explore the feasibility of blending fuels and developing new technologies for hydrogen storage and transportation. The trial of using hydrogen-natural gas blends for power generation will further boost environmentally friendly electricity production in the future.


Driving Thailand Towards Carbon Neutrality

Hydrogen is an energy source with the potential to reduce environmental impact and enhance energy security. Despite the challenges related to production costs and infrastructure, if Thailand can successfully develop the necessary technologies and infrastructure, hydrogen will become a key energy source driving the country towards a sustainable future. It will play a crucial role in achieving the goal of Carbon Neutrality by 2050.

EGAT pledges to strengthen Thailand’s EV ecosystem

The Electricity Generating Authority of Thailand (EGAT) has announced its commitment to bolstering the country’s electric vehicle (EV) infrastructure with its comprehensive EV charging solutions. The initiative aims to empower entrepreneurs nationwide to install EV chargers, supplementing their existing businesses and promoting wider EV adoption.

Speaking at the launch of its booth at the Bangkok EV Expo 2024 on Thursday, Nissara Thammapala, director of EGAT’s Innovative Energy Solutions Business Management division, emphasised that the company’s EV business solutions leverage the company’s expertise and experience as Thailand’s sole leading electricity provider.

“Our extensive knowledge in electricity assures customers who choose EGAT charging solutions that they will receive stations meeting all the necessary quality standards, complete with a robust back-end system for management,” Nissara said.

“This ensures a seamless implementation process for entrepreneurs, allowing them to integrate charging facilities while focusing on their core businesses or developing their own charging station brands,” she added.

EV charging station experts manning the booth are offering visitors a range of consulting services in engineering, investment, management, and installation guidance. Other services include:

• Investment and site assessment: Comprehensive evaluation of investment viability and suitability of the intended installation location.
• Station management: Utilising the BackEN EV charging station management system, which includes customer service features for EV drivers via the EleXA app.

The comprehensive package deal includes AC/DC chargers, the EleXA mobile app, and the BackEN EV network operator platform. This back-end platform boasts a variety of features for EV station owners, including real-time charger monitoring; station status updates and management; customisable financial reports and billing; multiple payment methods; round-the-clock customer support with reservation mode; and integration with the EleXA application.


“We have expertise across the entire EV ecosystem, enabling us to perfectly tailor solutions to customer needs. This in-depth understanding has facilitated the creation of an efficient platform that benefits both station owners and EV drivers,” Nissara stated.

EGAT currently operates 211 charging stations nationwide, with an additional 88 private owner stations leveraging their infrastructure. This year, the agency aims to reach a total of 360 stations, with projections of 250 stations by year-end, including 110 from private entities. By the end of 2025, EGAT intends to have 520 charging stations established across the country.

The priority is expansion through collaboration with the private sector by encouraging businesses to integrate charging facilities into their operations or develop their own charging brands.

A key focus is on providing thorough consultations to ensure entrepreneurs have a comprehensive understanding of the advantages and potential drawbacks associated with EV charging station investment.

According to EGAT, the payback period for investing in EV charging stations is approximately four years. Ideal locations include community areas or well-frequented thoroughfares.

EGAT currently offers three package sizes: Small, Medium, and Large. Each package varies in terms of charging time (ranging from 5 hours to 45 minutes) and price. Prices begin at 300,000 baht and can reach up to 1.4 million baht. All packages adhere to EGAT’s rigorous safety standards, thereby assisting investors in selecting the most suitable location and business model.

Those interested in visiting the EGAT booth or obtaining further information are advised to schedule an appointment beforehand at ลงทะเบียนรับคำปรภ¶à¸�ษาจาà¸�ทีม EGAT EV ในงาน Bangkok EV Expo 2024. A special discount of up to 100,000 baht and a complimentary site survey will be offered to those who book and make a deposit during the event, with installation scheduled for completion by 2025.

BYD marks 10,000th EV produced in Thailand after just 4 months

Chinese automaker hits milestone after opening first Thai factory in July to supply local and ASEAN markets

Chinese automaker BYD celebrated on Tuesday as its 10,000th electric vehicle (EV) rolled off production lines in Thailand, just four months after its Thai factory opened in July.

Located on 600 rai in WHA Industrial Estate, Rayong province, BYD’s factory boasts annual production capacity of 150,000 units, covering three popular models – Dolphin, Atto 3, and Sealion 6.

BYD said the Rayong factory will become a hub for exports to Asean markets.

The company said it has also earmarked over 35 billion baht for nine more projects in Thailand, including a new assembly line, parts manufacturing, welding and painting, and battery assembly facilities.

BYD operates in over 400 cities across 88 countries. The company’s automotive division reported global sales of 3.02 million units in the past year.

BYD debuted in Thailand with the Atto 3 model in April 2022, marking its entry into the Thai market. The automaker spent 16 months building its first factory in Rayong, which created over 10,000 jobs for local workers.

BYD also joined the government’s electric vehicle manufacturing promotion campaign, known as the EV 3.0 policy. The policy waives taxes for EV importers and offers subsidies for purchase of electric vehicles at a maximum of 150,000 baht per vehicle.

In return, importers are required to invest in local manufacturing, producing one locally made EV for each imported unit. The ratio rises to 1.5 locally-made vehicle per imported unit if production starts in 2025.

BYD marks 10,000th EV produced in Thailand after just 4 months

Thai industry taps Japan for clean energy, soil recycling technology

Industrial Estate Authority team tours leading Japanese companies for lessons in transitioning to circular economy

The Industrial Estate Authority of Thailand (IEAT) has revealed it is collaborating with leading Japanese companies to lay foundations for Thailand’s transition to a low-emission, circular economy.

Acting IEAT governor Sumet Tangprasert led his team on a fact-finding mission to four Japanese companies on November 5-8, the authority said.

The IEAT delegation visited IHI Corporation in Yokohama city to learn about its renewable energy production methods, including gas turbines powered by eco-friendly ammonia, and a carbon dioxide capture and utilisation system.

The team also studied integrated electronic waste recycling at nearby JFE Urban Recycle Corporation, which breaks down, classifies, and processes hazardous e-waste.

It also witnessed the “polluter pay” principle in action, whereby e-waste producers are responsible for costs of its transportation and handling.

At NEC Corporation, the Thai team studied underwater fibre optic and sensor systems to support clean transportation. It also learned about the company’s GX Solutions, digital technologies to reduce greenhouse gas (GHG) emissions.

Lastly, the team visited Tokyo Super Eco Town in Tokyo for a lesson on soil recycling at construction sites. Recycled soil is sold as fill for reforestation of mining areas or building solar farms. The Japanese company recycles 30 million tons of soil annually, selling to for 30,000 yen (6,750 baht) per ton.

IEAT governor Sumet said the field trip would benefit development of green and eco-friendly industrial estates in Thailand.

IHI Corp and NEC Corp’s clean energy consumption and greenhouse gas reduction methods would help Thai industry achieve its carbon neutrality goal by 2050, he said.

Meanwhile, soil recycling would support Thailand’s transition to a circular economy, he added.

Thai industry taps Japan for clean energy, soil recycling technology

Thailand eyes possibility of accessing Green Climate Fund

Discussions with the GCF’s chief investment officer focused on intention to apply for support for the country’s climate mitigation efforts

Thailand has held discussions with the Green Climate Fund (GCF) to seek support for the country’s efforts in climate change mitigation and future climate investments.

The discussions took place on the sidelines of the 29th Conference of the Parties of the United Nations Framework Convention on Climate Change, or COP29, which is being held in Baku, Azerbaijan from November 11 to 22.

On Saturday (November 16), Thailand representatives led by Pirun Saiyasitpanich, director-general of the Climate Change and Environment Department, met with Henry Gonzalez, chief investment officer of the GCF to discuss Thailand’s climate change efforts and how the fund could support them.

After the meeting, Pirun said Thailand aims to apply for financial support from the GCF, whose objective is to assist developing countries with climate change adaptation and mitigation activities.

Pirun said the GCF could help Thailand in improving its climate change preparedness, reducing greenhouse gasses, pushing for international certification for Thai agencies in the climate field, as well as supporting future climate investment projects.

Established within the framework of the United Nations Framework Convention on Climate Change (UNFCCC), GCF is the largest fund of its kind, with a portfolio of US$13.5 billion (US$51.9 billion including co-financing).

GCF provides grants, loans, equity investment and guarantees to climate change projects of applicants, which can be a government agency, private company, NGO, financial institute, international or regional organisation.

Thai delegates will present their summary report on the COP29 meeting on Thailand’s Environment Day on December 4.

Thailand eyes possibility of accessing Green Climate Fund

Carbon tax on businesses in Thailand inevitable, says Treasury chief

Ekniti calls it an important tool to achieve carbon neutrality by 2065 as pledged by the government
Thailand could not avoid collecting carbon tax for long and therefore Thai businesses should make appropriate preparations, the chief of the Treasury Department said on Tuesday.

Ekniti Nitithanprapas, director-general of the department, was speaking at a forum titled “Generating a Cleaner Future”, organised by BIG and Krungthep Turakij at the Rosewood Bangkok Hotel on Tuesday.

Speaking on “Carbon Tax: Advantage for Future Growth”, as the initiator of the carbon tax policy when he was director-general of the Excise Department, Ekniti said: “No matter whether it happens sooner or later, carbon tax is inevitable for Thailand.”

He explained that Thailand has ratified a pact to reduce carbon emissions by 30-40% by 2030 and to achieve carbon neutrality in 2065, and therefore carbon tax would be a tool to achieve the goals.

Ekniti said the Carbon Border Adjustment Mechanism (CBAM) being enforced by the European Union would also be a precursor to carbon tax collection in Thailand.

The CBAM is a new policy instrument introduced by the EU to address carbon leakage and ensure a level playing field for European industries. It aims to put a price on carbon embedded in imported goods, similar to the price paid by domestic producers under the EU Emissions Trading System.

The transitional period started in October 2023, requiring importers to report on their imported goods and their embedded greenhouse gas emissions. The definitive phase will start on January 1, 2026.

Ekniti said six key industries of Thailand that export to the EU, namely steel, aluminium, cement, fertiliser, electric appliances and hydrogen, now have to submit reports on greenhouse gas emissions.

He said the CBAM measure would definitely affect Thai exporters.

The carbon tax policy would allow business operators to deduct the cost of purchasing CBAM certificates from the carbon tax they have to pay.

Moreover, the carbon tax must be implemented based on a clear law to be enacted, Ekniiti added.

He said the government is seeking cooperation from business operators to reduce carbon emissions on a voluntary basis. From now on, he said, the Excise Department should convert oil excise into carbon tax to allow the country to achieve its goal of 30-40% carbon emission reduction by 2030.

Ekniti said the carbon tax calculation may be modelled after the tax collected in Japan. The tax may be collected at 200 baht per tonne of carbon emission based on the calculation that one litre of diesel could emit 0.0027 unit – around 0.55 baht of carbon tax per litre of diesel use.

Speaking at the same forum on “Energy Strategy to Net Zero”, Wattanapong Kurovat, director-general of the Energy Policy and Planning Office, said the office would play a role in transitioning Thailand towards the use of clean energy with the goal of achieving carbon neutrality.

The current use of renewable energy was just 10% of total energy consumption. The office aimed to raise the ratio to 40-50% and to reduce the use of natural gas from the current 58%.

Reduction in the use of natural gas is stated in the national energy master plan for 2024-2037, he added.

The chief strategy officer at Thailand Post, Waraporn Kongkiewphan, spoke at the forum on “Growth Opportunity in Climate Change”.

He said Thailand Post has tried to reduce carbon emissions in its logistics business by using 250 electric vehicles for delivering parcels.

Thailand Post has also reduced the overlapping areas of its couriers. And the use of EVs and rerouting strategy for couriers had allowed it to reduce fuel cost by 33%, Waraporn said.

Saroj Ruangsakulraj, energy management system senior manager at Delta Electronics, told the seminar that his company’s nine factories emitted about 150,000 tonnes of carbon dioxide each year.

As a result, he said, Delta Electronics was in the process of setting up solar panels to use green energy and reduce carbon emissions. The firm planned to transition to 100 per cent green energy soon, he added.

Dr Pisut Painmanakul, lecturer at the Department of Environmental Engineering at Chulalongkorn University, spoke on “Low Carbon and Resilient Business towards Thailand Sustainability” at the forum.

Pisut said cooperation between the business sector and consumers was important to achieve the low carbon goal with sustainability.

“The business sector plays a key role in the push for sustainability through low emissions because 80% of GDP is generated by businesses,” Pisut said.

“So, if the government wants to push for low carbon emissions, it must start with the businesses.”

Carbon tax on businesses in Thailand inevitable, says Treasury chief

Chinese EVs, economic factors drive vehicle repossession up

Auction firm sees 8.7% increase in the number of vehicles being repossessed, with many of them pick-ups used by their owners for commercial purposes

Affordable electric vehicles from China and the slumping economy have resulted in more vehicles being repossessed for auction this year, leading auction firm Union Auction Plc revealed on Wednesday.

Union Auction has handled the auctions of around 250,000 vehicles this year, increasing from around 230,000 vehicles in the same period last year, a jump of 8.7%, the company’s managing director Suthee Samathi said.

About 60% of these vehicles are pickup trucks, which are mainly for commercial use, he added.

Suthee pointed out that the arrival of affordable EVs from China has shaken up the ecosystem of the Thai auto industry, undermining the existing price structure.

The increasing vehicle repossession was also driven by economic factors, including slow economic growth, rising household debts and non-performing loans (NPLs), he said.

Suthee estimates that this trend will continue into next year, with around 250,000 vehicles being auctioned by the company. However, he expects the prices of used vehicles to go up by 10-15% next year, after suffering a drop of 30% in the second half of the previous year, the lowest point yet.

Union Auction handled auctions of only 40 EVs last year but expects this year’s tally to be around 100 EVs.

Chinese EVs, economic factors drive vehicle repossession up

Climate change, geopolitics expect to pressure oil market

The global energy market is set to face volatility due to climate change, geopolitical tensions, and energy security trends, experts said during the Annual Petroleum Outlook Forum organised by PTT.

The state enterprise told participants at the forum, themed “Regenerative Thailand with Cleanergy”, that it plans to accelerate transition towards clean energy while procuring crude oil to cope with market volatility.

“The world is facing various crises, especially global warming. So, Thailand has to join with ASEAN members in a transition to clean energy,” said CEO Kongkrapan Intarajang at PTT headquarters in Bangkok on November 21.

Kongkrapan expects clean energy volume to increase gradually amid various limitations. Natural gas, which is cleaner than fossil fuel, and coal are still playing an important role in the energy industry, he said.

He noted that PTT needs to find ways of reducing carbon dioxide emissions to tackle climate change, such as mixing hydrogen with gas and adopting carbon capture and storage (CCS) systems.

He also believes that small nuclear reactors will drive the renewable energy transition in ASEAN, improving quality of life for people in Thailand.

TrumpÂ’s economic and foreign policies

Kriengkrai Thiennukul, chairman of the Federation of Thai Industries (FTI), told the forum that US President-elect Donald TrumpÂ’s policies to protect domestic benefits could pressure the global economy.

TrumpÂ’s economic and foreign policies are expected to trigger economic volatility, production base relocation, a severe trade and tech war, rising export costs, an influx of Chinese products, strict trade barriers against countries with trade surpluses, delays in climate change mitigation, and cost competition.

“The baht faced severe volatility after Trump won the election,” Kriengkrai said, adding that the US-China tech war would intensify as China has become leader in solar cells and electric vehicles.

Impact on ThailandÂ’s energy plan

Wattanapong Kurovat, director of the Energy Policy and Planning Office, stated during the “Future Energy Thailand” panel discussion that the public sector is working to promote energy security, improve access to cheap clean energy in order to reduce greenhouse gas emissions, and achieve the net-zero emissions target by 2065.

The Energy Ministry plans to boost the renewable energy mix in electricity production by 10% or more to achieve its CO2 reduction target in 2037, he said, adding that Thailand currently relies on natural gas for electricity production.

India to take lead in energy market

Energy market analysts from PTT Prism predict that India will lead global fuel demand, followed by the US, China and the European Union.

India is currently ranked fourth for fuel demand, with 58% of consumption in the transport sector and 28% in the industrial sector. Global fuel consumption has now reached 1 million barrels per day, PTT Prism said.

The International Monetary Fund expects the global economy to grow steadily at 3.2% this year amid lingering public debt after the Covid-19 pandemic and the global economic slowdown.

Technology is a key

PTT Prism went on to explain that renewable energy and energy management efficiency are crucial for driving clean energy transition.

Currently, fossil fuel accounts for 73% of global energy consumption, against 27% for renewable energy. However, renewable energy consumption is expected to reach 53% by 2040.

Experts believe that artificial intelligence (AI) and batteries will be a game-changer in clean energy transition, thanks to their efficiency and cost effectiveness.

Phuket launches electric buses to ease traffic, air pollution

Phuket Provincial Administrative Organisation (PAO) on Monday did a test run of its fleet of electric buses, which were bought to alleviate air pollution, reduce traffic congestion and promote smart city development.

The 121.70 million baht project aims to replace the 24 passenger trucks (songthaews) with electric buses to cover locals and tourists travelling to tourist attractions, schools or shopping districts.

Initially, the new buses will cover three routes across the resort island, namely from Saphan Hin Park to Central Phuket shopping mall, from Chalong Pier to Super Cheap market, and from Rassada Pier to Suan Nam neighbourhood. Officials said more routes will be added later such as from the Phuket International Airport to Rawai Beach.

Fares will be set at 15 baht per person for both Thais and foreigners, while students, monks, the elderly and blind individuals can travel for free.

The buses are expected to be fully operational by January or February next year.

Rewat Areerob, president of the Phuket PAO, said the project is key to tackling traffic and air pollution, which can be blamed on high economic growth and a surging population.

Each bus, which seats 21 passengers, is equipped with advanced features, including GPS, USB chargers, CCTV cameras and a smartphone app for checking schedules.

“The project aims to improve public transportation access, reduce travel costs, ease traffic congestion and enhance the province’s image,” Rewat said.

Phuket launches electric buses to ease traffic, air pollution

Bank of Thailand calls for urgent increase in climate finance

Huge shortfall in global funding for transition to sustainability is a major challenge for developing nations like Thailand: Deputy governor

The Bank of Thailand has called for urgent action to increase climate finance to support Thailand’s sustainable development goals.

Roong Mallikamas, BoT deputy governor, emphasised the significant gap between current climate finance and the estimated global needs during her keynote address at the Sustainability Forum 2025, hosted by Krungthepturakij on Tuesday.

Only $1.5 trillion was raised for climate initiatives in 2022, far short of the $7.4 trillion required annually, according to the Climate Policy Initiative, an independent advisory group. Roong said this shortfall poses a major challenge, particularly for developing countries like Thailand.

In her speech titled "Climate Finance toward SDGs", Roong said current climate financing is grossly inadequate to meet the demands of a rapidly changing climate.

Despite developed nations pledging increased climate funding at COP29 in Baku, Azerbaijan, earlier this month, the $300 billion annual target by 2035 remains far from sufficient – especially for developing nations like Thailand that face distinct climate vulnerabilities, Roong said.

"Thailand faces unique challenges in its transition to a sustainable economy. The country’s economy is heavily reliant on industries that are not environmentally friendly, and its vulnerability to climate change is significant. Additionally, small and medium-sized enterprises (SMEs) often lack the resources and knowledge to adapt to new environmental regulations," she noted.

The BoT has implemented several measures to tackle these challenges.

It has issued policy guidelines encouraging financial institutions to integrate environmental considerations into their operations. Meanwhile, it has classified economic activities based on their environmental impact.

The central bank has also joined with commercial banks to launch “Financing the Transition”, a project providing financial support to businesses transitioning to more sustainable practices.

Roong highlighted three lessons learned from the project:

• Awareness and risk assessment: Businesses, especially SMEs, need awareness of climate change risks so they can take steps to adapt.
• Bank support: Commercial banks have an important role to play in supporting businesses’ transition to sustainability by providing both financial and non-financial backing.
• Government and corporate collaboration: Government policies and support from large corporations are essential to create a conducive environment for businesses to adopt sustainable practices.

Roong concluded by emphasising that the BoT is promoting not just financial solutions, but also education and innovation as the pillars of a sustainable economic future.

Bank of Thailand calls for urgent increase in climate finance

Port Authority working towards green and smart future logistics hubs

Chief outlines plan to tap technology and implement innovative solutions

The Port Authority of Thailand (PAT) is setting its sights on transforming the nation's ports into green and smart hubs within the next decade, director-general Kriengkrai Chaisiriwongsuk revealed in a keynote speech on "The Green Port: Efficiency of the Future" on Tuesday.

Speaking at the 5th “Sustainability Forum 2025: Synergizing for Driving Business”, he outlined the PAT's ambitious plan to leverage technology to enhance services and partner with shipping line operators to implement innovative logistics solutions.

"The PAT is committed to developing all Thai ports into world-leading ports, providing excellent logistics services and aligning with the vision of becoming a port of the world," he stated.

Laem Chabang Port, a major player in Thailand's shipping industry, is a key focus of the PAT's transformation efforts. Having recently achieved a significant milestone by ranking 17th globally in terms of container throughput, the port aims to further expand its capacity to 18 million TEUs (twenty-foot equivalent units) per year.

This will be achieved through the development of Phase 3 and the integration of advanced logistics technologies, along with the establishment of a comprehensive transportation system encompassing road, rail, and water networks.

The PAT's broader policy framework for port development encompasses three key areas:

• Eco-friendly port development: The authority is actively working towards transitioning to electric vehicles and establishing carbon-free zones within port areas. The adoption of renewable energy-powered forklifts and tractors is a crucial step in promoting clean energy.
• Technological advancement: The PAT recognises the importance of technological innovation in driving efficiency and sustainability. By embracing smart port solutions, the authority aims to streamline operations and reduce environmental impact.
• Collaborative partnerships: The PAT believes that collaboration is essential to achieving its goals. By fostering partnerships with both domestic and international stakeholders, the authority seeks to create a robust ecosystem for sustainable port development, he said.

"It is imperative to work together to achieve the net zero goal," Kriengkrai emphasised. "The port's success hinges on the cooperation of all organisations. We encourage businesses to adopt new technologies to enhance services, reduce carbon emissions, and contribute to the creation of a green port."

In addition to Laem Chabang Port, the port of Bangkok is undergoing significant transformation. The development of a one-stop service point on a 2,353-rai (around 376.5 hectares) site will streamline operations, promote automation, and improve connectivity. The PAT aims to create a sustainable logistics ecosystem and enhance the quality of life for local communities.

By embracing these initiatives, the PAT is poised to position the nation's ports as global leaders in sustainable shipping and logistics, he said.

Port Authority working towards green and smart future logistics hubs