Search Results for: carbon neutrality

  • 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…

  • 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.…

  • Business News

    Thailand’s BAAC plans to acquire 510,000 tonnes of carbon credits

    The Bank for Agriculture and Agricultural Cooperatives (BAAC) seeks to acquire 510,000 tonnes of carbon credits over the next five years, according to Chatchai Sirilai, the bank’s president. This move aligns with Thailand’s ambition to achieve carbon neutrality by 2050 and its net-zero target, which aims to equalize greenhouse gas (GHG) emissions and absorption by 2065. Chatchai revealed that the…

  • 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

    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,…

  • Thailand News

    Thailand eyes cleaner energy with new power plan for 2024 to 2037

    Thailand’s revised power development plan (PDP) is set to be submitted for approval after a week-long public hearing concluded yesterday, the implementation of the plan by year’s end, will steer the country towards cleaner energy. Central to Thailand’s commitment to reducing carbon dioxide emissions, the PDP is expected to provide a clearer path for the nation. Thailand announced its commitment…

  • Thailand News

    Srettha unveils plans for Thailand’s economy at UBS conference

    At the UBS Asian Investment Conference 2024 in Hong Kong, Prime Minister Srettha Thavisin showcased a visionary blueprint for Thailand’s economic revolution. Addressing over 2,000 participants and 300 companies from the Asia-Pacific region, he laid out a series of strategic initiatives designed to attract global investment and drive innovation and sustainability. The 62 year old PM emphasised the nation’s readiness…

  • Thailand News

    Lamborghini to debut electric supercar in Thailand by 2028

    Automobili Lamborghini, the renowned Italian luxury sports car manufacturer, plans to introduce its new electric supercar to Thailand, with a global debut slated for 2028. This initiative is part of the company’s broader strategy to reduce carbon dioxide emissions. For years, Lamborghini has been actively developing electric vehicle (EV) technology to support its goal of achieving carbon neutrality, according to…

  • Thailand News

    Buckle up, Bangkok: Thai official floats capital relocation amid rising sea

    A senior Thai official yesterday raised the alarming possibility that Thailand may need to consider relocating its capital city Bangkok due to the threat posed by rising sea levels caused by climate change. The bustling metropolis of the capital already grapples with severe flooding during the rainy season each year. Deputy Director-General of Thailand’s Department of Climate Change and Environment…

  • Thailand News

    PM highlights enhanced ASEAN connectivity for regional growth

    Prime Minister Srettha Thavisin affirmed yesterday the critical role of enhanced ASEAN connectivity in unlocking the region’s full potential and boosting its collective competitiveness. The 62 year old Thai PM revealed this perspective during a virtual gathering for the ASEAN Future Forum 2024, which focused on the theme Towards Fast and Sustainable Growth of a People-Centred ASEAN Community. “Our emphasis…

  • Business News

    Thailand urged to increase renewable power target beyond 50%

    A call for an increase in renewable power generation beyond the target of 50% outlined in the Power Development Plan (PDP) has been issued to the government. The PDP is due to be finalised in the second quarter of this year. This rise is essential since Thailand has pledged to achieve carbon neutrality, a balance between carbon dioxide emissions and…

  • Business News

    Isuzu revs up green initiative with PTT union for clean fuel trials

    Tri Petch Isuzu, Thailand’s Isuzu vehicle distributor, is joining forces with PTT Plc to test vehicles powered by a novel clean fuel. This initiative is aimed at supporting efforts to reduce the high carbon dioxide emissions from Thailand’s transport sector. The transport and power generation sectors are the main contributors to over 60% of Thailand’s greenhouse gas emissions, as per…

  • Thailand News

    Air India scrambles for aircraft amidst passenger surge

    Air India, now steered by Tata Group’s helm, is set to soar with 506 aircraft orders and a delivery every six days. CEO Campbell Wilson anticipates slight delays in their transformation journey, admitting they’re playing catch-up in the market. IndiGo, dominating India’s skies, plans a colossal expansion, eyeing a fleet surge from 300 to 1,000 aircraft by the decade’s end, reveals…

  • Business News

    PTT plc eyes green methanol production

    PTT Plc, a major national oil and gas conglomerate, is contemplating the construction of a green methanol production facility. The project, costing an estimated 3.1 billion baht, aligns with PTT’s initiative to curtail carbon dioxide emissions and manufacture methanol-derived fuels. Traditionally, methanol production relies heavily on fossil fuels. However, PTT’s proposed method utilises biomass or carbon capture techniques, paving the…

  • Thailand News

    Thailand Video News | Bill for same-sex marriage heads to parliament, Blackpink’s Lisa supports both S. Korea and Thailand at world cup qualifier

    In this video, Alex and Jay cover the diverse news across Thailand. Beginning with Thailand’s humanitarian aid to Myanmar, its progress towards legalizing same-sex marriage, Thaksin Shinawatra’s political return, Southeast Asia’s nuclear power advancements, a legal battle over song plagiarism, and BLACKPINK’s Lisa showing dual support at a World Cup qualifier. Thailand’s Humanitarian Aid to Myanmar: A Gesture Amidst Controversy…

  • Business News

    Hong Kong bolsters business links with SE Asia and Middle East

    Hong Kong is set to intensify its business ties with Southeast Asian and Middle Eastern nations, as part of its contribution to China’s Belt and Road Initiative. Nicholas Ho Lik-chi, the Commissioner for Belt and Road, has identified Malaysia, Thailand, Indonesia, Vietnam, the United Arab Emirates and Saudi Arabia as key cooperation partners for the year ahead. Ho Lik-chi oversees…

  • Thailand News

    Thailand’s agriculture ministry seeks triple budget increase to boost farmer income

    A request for a substantial budget increase to 411 billion baht for the upcoming fiscal year has been put forward by Thailand’s Ministry of Agriculture and Cooperatives. The proposed budget, which is over three times larger than the previous year’s allocation, aims to triple the income of farmers within the next four years. Chantanon Wannakejohn, serving as the Secretary-General to…

  • Business News

    Thailand and Cambodia discuss joint petroleum exploration in Gulf

    Prime Minister Srettha Thavisin of Thailand and Cambodian counterpart Hun Manet have instigated discussions about the potential for joint petroleum exploration and production in the Gulf of Thailand. The overlapping claims area (OCA), an area of 26,000 square kilometres that is believed to be rich in fossil fuels, is the focal point of these negotiations. The OCA is considered a…

  • Thailand News

    Southern Thailand to acquire new Andaman Airport

    Envisioned as a direct long-haul flight hub, Airports of Thailand (AOT) is fast-tracking the construction of the much-anticipated Andaman International Airport. In a recent visit, Transport Minister Suriya Juangroongruangkit inspected the airport’s progress in Phang Nga province, initiating transformative steps to bolster local transport infrastructure. The Andaman International Airport, currently in its second stage of development, is strategically crafted to…

  • Business News

    Thailand to launch green investment trusts for forestry initiatives

    Thai regulatory bodies are paving the way for the establishment of investment trusts dedicated to forestry and tree-planting initiatives. These new financial products, dubbed green investment trusts, are part of an effort to diversify the capital markets and provide financial support to sectors that align with carbon neutrality goals. Pornanong Budsaratragoon, the secretary-general of the Securities and Exchange Commission (SEC),…

  • Business News

    Thailand’s new green utility tariff boosts renewable energy use

    The unveiling of a Green Utility Tariff (GUT) next month is set to bring about a significant progression in renewable energy use within Thailand, bolstering local businesses and attracting foreign investment. This move has been eagerly awaited by numerous companies considering expansion into Thailand, as they seek not only the necessary infrastructure but also a source of clean energy to…

  • Business News

    Thailand expects major rise in EV imports under new four-year plan

    The director-general of the Excise Department projected a significant increase in electric vehicle (EV) imports, with an estimated 175,000 units expected to reach Thailand within two years. This comes as part of a four-year plan, EV3.5 (2024-27), which requires importers to establish a production base in the country from 2024-25 onwards, to replace imports with domestically produced EVs. The plan…

  • Business News

    Thailand’s EV sales projected to double by year-end

    Thailand is set to witness a significant spark in electric vehicle (EV) sales, potentially doubling the figures by year-end, driven by Chinese manufacturers and approximately US$2.4 billion in government incentives, bolstering consumer demand. Krisda Utamote, Electric Vehicle Association of Thailand President, forecasted that new battery EV registrations might exceed 150,000 by the year’s end in a recent interview in Bangkok.…

  • Thailand News

    Phuket to host luxury boat show: Multi-billion baht yachts and jets

    In a dazzling display set to elevate Phuket‘s status on the global luxury stage, the Thailand International Boat Show A Luxury Lifestyle Event is gearing up to showcase a spectacular line-up of yachts, private jets, and more. This high-profile event is poised to inject a staggering 500 million baht into Phuket’s economy, drawing in a crowd of High Net Worth…

  • Thailand News

    Revolutionary roadmap revealed: Thailand’s expressway blitz to slash emissions

    The Expressway Authority of Thailand (EXAT) unwrapped an audacious 10-year blueprint set to roll out 200 kilometres of spanking new expressways, aimed at slashing a whopping 30% of greenhouse gas emissions by 2030. The ambitious plan is the key to unlocking Thailand’s carbon neutrality by 2050, as revealed by EXAT Governor Surachet Laophulsuk at the electrifying Sustainability Forum 2024 hosted…

  • Thailand News

    Thai minister heats up COP28 with climate change commitment

    At the COP28 climate talks in Dubai, Thailand’s Minister of Natural Resources and Environment, Police General Phatcharavat Wongsuwan, took centre stage, making bold declarations and unveiling ambitious plans to combat climate change. In a fervent address on December 10, Phatcharavat reaffirmed Thailand’s commitment to achieving carbon neutrality by 2050, sending shockwaves through the climate change talks. He underlined the urgency…

  • Business News

    Thailand’s PM courts tech giants for digital sector investment

    Prime Minister Srettha Thavisin has been courting major corporations in a bid to bolster foreign direct investment (FDI) in Thailand’s digital and high-tech sectors. This comes after the initial deals struck for tech investment under the previous administration. During his recent visit to the US, the 61 year old Thai PM engaged with several technology behemoths, imploring them to consider…

  • Thailand News

    Top Thai diplomats convene at forum to strategise foreign policy

    Foreign Minister Parnpree Bahiddha-nukara yesterday inaugurated a forum for top-ranking diplomats. The forum’s objective is to navigate foreign policy to protect and promote the nation’s interests amidst a progressively divided world. Held in Bangkok, the annual forum concludes on November 24, with 97 Thai ambassadors, consuls-general, charges d’affaires, heads of Thai permanent missions and trade representatives in attendance. In his…

  • Thailand News

    PTT reinvestment: Diversifying beyond oil and petrochemicals for future growth

    National energy conglomerate PTT Plc has initiated a reinvestment phase, eyeing new ventures for future growth. This move follows the stagnation of the company’s traditional businesses, which are primarily centred around the oil refinery and petrochemical sectors. As these avenues have limited potential for enhancing future income, the company emphasises the need for reinvestment. PTT’s President and Chief Executive Officer,…