Search Results for: carbon neutrality
- Thailand News
Thailand commits to carbon neutrality despite COP29 setbacks
Thailand remains firmly committed to reducing carbon dioxide emissions despite a lacklustre conclusion to the UN Climate Change Conference (COP29) held recently in Baku, Azerbaijan. The country is determined to accelerate its progress towards carbon neutrality despite limited new financial agreements at the conference aimed at supporting developing nations in their climate change efforts. Natural Resources and Environment Minister Chalermchai…
- Phuket News
Phuket aims for carbon neutrality in Old Town by 2030
Phuket has embarked on an ambitious journey towards sustainable tourism with the introduction of the Phuket Old Town Carbon Neutrality 2030 initiative. This project aims to establish the historic old town as Thailand’s first carbon-neutral area by the year 2030. Tourism and Sports Minister Sorawong Thienthong, representing Prime Minister Paetongtarn Shinawatra, officiated the launch of this initiative at the 72nd…
- Thailand News
Civil group to submit climate bill targeting 2035 carbon neutrality
A civil society group is preparing to present a bill to Parliament, aiming to accelerate climate goals while safeguarding local communities’ rights to their natural resources. Coordinator of Thai Climate Justice for All, Kritsada Boonchai, announced that the draft law, the group’s first, intends to support the global effort to reduce greenhouse gas emissions. “Currently, tackling climate change is a…
- Thailand News
Thai energy firms question new power plan for carbon neutrality
Thailand’s energy firms expressed concerns that the revised power development plan (PDP) may fall short of the kingdom’s 2050 carbon neutrality goals, highlighting the need for a balanced approach between practicality and optimism. The PDP, which is set to be enforced from 2024 to 2037, aims to promote greater use of renewable energy to reduce carbon dioxide emissions. However, energy…
- Pattaya News
Pattaya plans low-carbon future with solar power and clean energy
Pattaya City is on a mission to transform itself into a low-carbon tourism destination, with ambitious plans to reduce greenhouse gas emissions and promote sustainable energy. In the second meeting of the Public Image Committee, Poramet Ngampichet, Mayor of Pattaya City, outlined a bold vision for a greener, cleaner future, leveraging solar power and clean energy solutions. Held at Meeting…
- Thailand News
Phuket goes green: Old town steps up for carbon-free tourism
Phuket Old Town took centre stage on Monday, November 18, as the Department of Tourism unveiled its bold initiative to promote low-carbon tourism routes, marking a milestone in sustainable travel for the 2024 fiscal year. Local leaders and media gathered for the showcase event in the historic heart of Phuket, which spotlighted eco-friendly travel practices and the charm of the…
- Business News
Thailand to introduce carbon tax to curb emissions this year
Thailand is set to implement a carbon tax this year, Deputy Finance Minister Paopoom Rojanasakul announced at the Road to Net Zero 2024: The Extraordinary Green event. The Finance Ministry plans to propose the carbon tax measure to the Cabinet for approval soon, with the goal of rolling it out in the coming months. Paopoom explained that this measure aims to…
- Phuket News
Phuket aims to become a low-carbon green city
The popular tourist destination of Phuket is on course to become a low-carbon green city, thanks to a recent collaboration between Energy Absolute Public Company Limited (EA) and the Federation of Thai Industries Phuket (FTI Phuket). Both organisations have agreed to make this transformation a reality, and Governor Sophon Suwannarat witnessed their commitment at an event held on February 17.…
- Thailand News
Royal Phuket Marina makes waves as Asia’s pioneering carbon-neutral paradise
Royal Phuket Marina (RPM) announced its historic achievement as Asia‘s first-ever carbon-neutral marina. A beacon of eco-innovation, RPM goes beyond merely housing boats, transforming into a luxurious haven where sustainability meets opulence. Situated at the gateway to Phang Nga Bay and the Andaman Sea, RPM offers an unparalleled lifestyle immersed in tranquillity. From plush apartments to lavish villas, complete with…
- Thailand News
Thailand’s airports vow to eliminate carbon emissions by 2032
Airports of Thailand (AOT) is gearing up to transform the aviation landscape by pledging to achieve carbon neutrality by 2030 and zero carbon emissions by 2032. AOT, responsible for overseeing the nation’s major hubs, has laid out an ambitious strategy to slash a whopping 50% of its annual carbon footprint, currently standing at 300,000 tons. Keerati Kitmanawat, AOT’s dynamic CEO…
- Thailand News
Climate crisis: Thailand promises to cut carbon emissions by 40%
Thailand has pledged a whopping 40% cut in carbon emissions, up from its initial 30%, following the resounding success of the 2023 United Nations Climate Change Conference (COP28) in Dubai. At a riveting COP28 debriefing event yesterday, December 20, Phirun Saiyasitpanich, Chief of the Department of Climate Change and Environment, declared that a serious study based on social, environmental, and…
- Business News
Thailand advances in clean energy and carbon credit trading
Thailand is making significant strides in clean energy development as the government and businesses collaborate on various projects aimed at reducing carbon dioxide emissions. Initiatives such as increasing the use of renewable energy sources for electricity generation and promoting electric vehicles (EVs) are helping create new environmentally friendly businesses. Companies that do not adhere to eco-friendly practices may face penalties,…
- Business News
Thailand boosts green industry with World Bank project
Efforts are underway to enhance carbon data management in Thailand’s industry to boost investment in the Map Ta Phut sandbox, a collaborative project between the World Bank and the Industrial Estate Authority of Thailand (IEAT). This initiative aims to reduce carbon dioxide emissions and support factory operators in Rayong’s Map Ta Phut Industrial Estate in transitioning to businesses based on…
- Phuket News
Phuket booze ban begins as election showdown heats up
Thailand’s nationwide alcohol ban kicks in at 6pm today, leaving Phuket tourists dry for 24 hours as the country gears up for the Provincial Administration Organisation (PAO) elections tomorrow, February 1. Under Thai election law, the sale of alcohol is strictly prohibited during voting periods. Those caught flouting the rule face harsh penalties, including fines of up to 10,000 baht,…
- Business News
Thailand unveils clean energy plan with 2.9 trillion baht investment
Thailand is advancing its commitment to reducing greenhouse gas emissions with the introduction of a new power development plan (PDP) emphasising clean energy usage. This strategic initiative is part of the broader National Energy Plan, which will be implemented from 2024 to 2037. The plan aims to transform the country’s energy landscape by prioritising renewable energy sources over fossil fuels.…
- Thailand News
Thailand secures South Korean investment in Smart Park project
The Industrial Estate Authority of Thailand (IEAT) has successfully attracted an investment commitment of US$500 million (approximately 17 billion baht) from South Korean investors for the development of Smart Park. The initiative, part of the Now Thailand – The Golden Era campaign, aims to position Thailand as a prime destination for international business ventures. Yuthasak Supasorn, Chairperson of IEAT, welcomed…
- Business News
Thailand’s SET ESG Ratings 2024 hits milestone with 228 companies
The Stock Exchange of Thailand (SET) reported a significant achievement with its ESG Ratings 2024, as 228 listed companies have been recognised, marking a new milestone in sustainable investments both locally and globally. This year’s ratings awarded AAA status to 56 companies, AA to 80, A to 71, and BBB to 21. These firms together account for 82% of the…
- Thailand News
Phuket’s tourism extravaganza: Andaman festival set to dazzle
Phuket is gearing up for a tourism extravaganza like no other. Governor Sophon Suwannarat has thrown open the doors to the Andaman Tourism Networking 2024, a dazzling showcase of six Andaman provinces under the banner, Happening Andaman. Mark your calendars for December 6 to 8 at Saphan Hin, because this three-day event promises to be unforgettable. Speaking at a press conference…
- Thailand News
Thailand to spotlight climate change at COP29 in Azerbaijan
Thailand unveils its plans to spotlight climate change initiatives at the 29th Conference of the Parties (COP29) in Azerbaijan. The Thailand Pavilion will be a central feature, offering a platform to display the nation’s strategies and actions against climate change. Among the highlights are activities revolving around Moo Deng, the baby pygmy hippo, which will draw attention at the international…
- Business News
Thailand to launch 130 billion baht sustainability-linked bonds for 2025
The Public Debt Management Office (PDMO) is gearing up to introduce a sustainability-linked bond (SLB) valued at 130 billion baht for the fiscal year 2025. This move aligns with the country’s commitment to reducing carbon emissions and promoting the use of electric vehicles (EVs). An initial release of bonds worth 20 to 30 billion baht (US$588 to 882 million) is…
- Thailand News
Thai PM urges unity at ASEAN Summit to tackle climate change
Thai Prime Minister Paetongtarn Shinawatra attended the 44th and 45th ASEAN Summits at the National Convention Centre in Laos at 9.30am yesterday, October 9. Upon arrival, the Thai premier received a warm welcome from Lao Prime Minister Sonexay Siphandone and his wife. PM Paetongtarn addressed the assembly, underscoring the need for Collective Leadership within ASEAN to tackle regional issues and…
- Thailand News
Thailand’s renewable energy plan boosts battery storage systems
Electric vehicles (EVs) are widely known for their battery power but batteries are also crucial for buildings, factories, and power plants using renewable energy. They provide lighting, support daily operations, and serve as backup electricity sources. Battery energy storage systems (BESS) are essential for buildings and renewable power generation facilities to ensure uninterrupted electricity supply. Renewable sources like solar and…
- Environment News
Phuket outlines five-year sustainability development plan
Phuket advances with innovative efforts that integrate community-based tourism, gastronomy, and smart city solutions as part of a five-year development plan for sustainable growth. Suphon Suwannarat, the governor of Phuket Province, highlights the long-term vision. “We have a 20-year development goal for Phuket province, which is Phuket as a city of the new economy based on sustainable development to create…
- Business News
WHAUP to invest 2.3bn baht in renewable energy projects
WHA Utilities and Power (WHAUP), a subsidiary of Thailand’s largest industrial land developer WHA Corp, is set to invest 2.3 billion baht to bolster its operations and meet the rising demand for water and renewable energy in Thailand and Vietnam. A significant portion of this budget will be directed towards expanding renewable energy, aiming to achieve an electricity generation capacity…
- Environment News
PEA launches first sustainability bond worth 1 billion baht
The Provincial Electricity Authority (PEA) announced the successful launch of its first sustainability bond, marking a significant step towards its green finance goals and that of Thailand. PEA Governor Supachai Ek-Un, along with representatives from the Public Debt Management Office (PDMO), Asian Development Bank (ADB), Bangkok Bank, DNV (Thailand), and Thai Bond Market Association, held a press conference yesterday, August…
- Business News
WHA Corporation invests 60 million baht in AI for green logistics
WHA Corporation, Thailand’s leading developer of built-to-suit logistics facilities, is intensifying its investment in artificial intelligence (AI) to enhance its green logistics operations and ultimately transition into a tech company. This year, WHA plans to allocate 60 million baht to AI technology, which is expected to significantly boost business efficiency, according to the Group Chief Executive and Chairman of the…
- Thailand News
Japan urges ASEAN to prioritise hybrids over EVs for sustainability
Japan advocates for hybrid vehicles as an effective path for the Association of Southeast Asian Nations (ASEAN) to reach sustainable development goals. During the Economic Security and Supply Chains seminar, Yasuyuki Todo from the Faculty of Political Science and Economics at Waseda University cautioned ASEAN about over-relying on the electric vehicle (EV) industry. He pointed out that since Asean mainly…
- Business News
Stark Corporation scandal costs 14.7 billion baht
Shareholders and stock investors of Stark Corporation are reeling from an accounting and embezzlement scandal that has incurred damages estimated at a staggering 14.7 billion baht. This debacle has impacted 4,704 shareholders and led to the prosecution of the former chairman and several top executives in what is deemed one of Thailand’s largest corporate frauds in recent years. Adding to…
- Thailand News
FTI disappointed by the underutilisation of biomass and biogas
The Federation of Thai Industries (FTI) expressed discontent with the state’s plan to reduce biomass and biogas fuels in the upcoming power development plan (PDP). The FTI advocates for maintaining or increasing the proportion of these fuels to better utilise agricultural waste. Scheduled for enforcement from 2024 to 2037, the PDP promotes a substantial increase in renewable power, with a…
- Thailand News
Thailand extends diesel price cap amid long-term energy concerns
Efforts by the Thailand government to cap energy prices, and diesel subsidies may appease the public in the short term, but there are growing concerns about the long-term implications on fuel consumption. The extension of the diesel price subsidy, funded by the Oil Fuel Fund, is a recent measure that fixes the retail price at 33 baht per litre until…
