Thailand Targets Carbon Neutrality and Renewable Energy Milestones by 2040

[snoop1130]

 

BANGKOK (NNT) - At the recent High-Level Dialogue on Financing for Development during the 78th session of the United Nations General Assembly, attention was given to the role of global financial architecture in meeting Sustainable Development Goals (SDGs).

 

Prime Minister and Finance Minister Srettha Thavisin called for reforms in international financial systems to facilitate more inclusive development funding. He underscored the importance of three core issues: the role of developing countries in international financial institutions, effective debt management, and risk mitigation concerning increased indebtedness.

 

To generate actionable recommendations for development funding in Asia and the Pacific, the Thai government, in association with the Ministry of Foreign Affairs and UNESCAP, will host a seminar on October 2nd, 2023, titled "Sustainable Finance: Bridging the Gap in Asia and the Pacific." The event aims to improve regional development funding comprehensively.

 

Thailand has also committed to financial sustainability by issuing Sustainability Bonds since 2020 and plans to introduce Sustainability-linked Bonds next year. An initiative known as ’Thailand Taxonomy’ is in development to align investment activities with global sustainability standards. Furthermore, the country supports the expansion of multi-sectoral development banks to bolster capital for various projects and address regional liquidity crises.

 

The Prime Minister announced Thailand’s ambitious plans for environmental sustainability, including a roadmap to phase out coal usage by 2040 and a significant reduction in greenhouse gas emissions by 2025. These goals have been incorporated into the National Energy Plan, with a focus on transforming the transportation sector and ramping up domestic electric vehicle production. In an effort to mitigate climate-related vulnerabilities and improve the livelihoods of Thai farmers, Thailand is adopting sustainable agricultural practices.

 

The nation has set a goal to expand green spaces, aiming to cover 55% of its total land area by 2037. The Prime Minister expressed gratitude for the support from the United Nations Secretary-General and reaffirmed Thailand’s resolve to reach these environmental and financial targets, closely aligning with the universal aim of net-zero greenhouse gas emissions by 2050.

 

Full story: NNT 2023-09-21

 

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[stoner]

this is not realistic in any way. most of these things will never come to fruition. in fact most of it will end up just being another trough for the piggies to snout at. 

 

going green is big business. 

[hotchilli]

8 hours ago, stoner said:

this is not realistic in any way. most of these things will never come to fruition. in fact most of it will end up just being another trough for the piggies to snout at. 

 

going green is big business. 

It was a speech for those who like to listen.... a bit like the campaign trail..

however the reality is somewhat different.

[phil2407]

Thailand has also committed to financial sustainability by issuing Sustainability Bonds since 2020 and plans to introduce Sustainability-linked Bonds next year. An initiative known as ’Thailand Taxonomy’ is in development to align investment activities with global sustainability standards. Furthermore, the country supports the expansion of multi-sectoral development banks to bolster capital for various projects and address regional liquidity crises.

Can anyone explain what these are? 

 

[bamnutsak]

They'll start work on this initiative in 2039.

 

[Ben Zioner]

Unlikely to happen if PEA keep selling only On Grid solar systems and buy the KWh for a ridiculous 2.4 Baht.

[Sharp]

Not this BS !

EVERYTHING ON THEVPLANET NEEDS CARBON DIOXIDE TO SURVIVE!

[JBChiangRai]

3 minutes ago, Ben Zioner said:

Unlikely to happen if PEA keep selling only On Grid solar systems and buy the KWh for a ridiculous 2.4 Baht.

I can see them opening up feed-in to anyone, probably just approve the inverters (as they do now).  Expect your spinning disk meter to be replaced with a digital one in the next few years.

[Purdey]

3 hours ago, Sharp said:

Not this BS !

EVERYTHING ON THEVPLANET NEEDS CARBON DIOXIDE TO SURVIVE!

Funny you should say that. Of course you are right. We do need some carbon dioxide to survive.

But what percent of the air should carbon dioxide be? And what happens if the amount becomes larger than that?

Apparently, carbon dioxide is (and should be) just a tiny teeny 0.04% of air. I guess if it exceeds that, we could be in trouble as air would not sustain life. Same for nitrogen, seems important but too much would be dangerous.

 

 

[Eleftheros]

15 minutes ago, Purdey said:

Apparently, carbon dioxide is (and should be) just a tiny teeny 0.04% of air. I guess if it exceeds that, we could be in trouble as air would not sustain life.

I can't tell if you're joking, or are a green climate zealot.

 

At this point, with climate change, it's almost impossible to tell the real statements from parody.

[spidermike007]

Yeah, right. The government should offer incentives, for the farmers to switch crops. This is 2023. Rice and sugar worked in previous centuries. Now, they do not make any sense. Too labor intensive, too much degradation of the land, water, air, and resources. Let's get with the times. Let us move forward. 

 

They yak, yak yak, but the authorities do not seem to care, one iota. If they did, something would be done. Instead, only hollow promises. 

 

We will enforce the ban on burning. And it never gets enforced. No penalties, no nothing. 

 

We will do something about poorly maintained diesel vehicles. And nothing is ever done, because the cops are too lazy, and the highway patrol refuses to patrol the highway, and the special hotlines you set up, do not know anything about the program, or the laws. 

 

We care about the environment. Yeah right. Another bald faced lie. You care not, you see the air, you talk about the air, and you do nothing about the air. More empty words from the "do nothing men".

[PETERTHEEATER]

7 hours ago, phil2407 said:

Thailand has also committed to financial sustainability by issuing Sustainability Bonds since 2020 and plans to introduce Sustainability-linked Bonds next year. An initiative known as ’Thailand Taxonomy’ is in development to align investment activities with global sustainability standards. Furthermore, the country supports the expansion of multi-sectoral development banks to bolster capital for various projects and address regional liquidity crises.

Can anyone explain what these are? 

 

It's to leverage soft power leading to carbon neutrality resulting in a hub. Do try and keep up please????

[Purdey]

6 hours ago, Eleftheros said:

I can't tell if you're joking, or are a green climate zealot.

 

At this point, with climate change, it's almost impossible to tell the real statements from parody.

0.04% is correct. You don't need to guess. Google is your friend. 

[retarius]

Sorry this is an unrealistic and unachievable plan. Plan to be carbon neutral by 2100 and move Bangkok to Issan. 

[observer90210]

A quick peep on any skywalk crossing above any Bangkok Road, says the total opposite.