Advancing ambition: Driving change for a resilient and sustainable economy

On the back of another year marked by record-breaking heatwaves, heavy rainfall and widespread flooding, Thailand is committed to achieving a net zero economy by 2065 to address these pressing challenges while securing sustainable economic growth.

While the Asean nation has made significant steps forward, from pledges to source half of all domestic energy needs from renewables under the Power Development Plan, to the release of a sustainable finance taxonomy and a draft Climate Change Act, obstacles remain. 

‍

The mismatch between climate adaptation needs and finance pose major risks to the domestic economy, with Thailand facing economic losses of up to US$553 billion by 2050 due to climate-related impacts. Rural and agriculture-dependent communities are especially at risk due to their direct exposure to climate-driven droughts and crop damages.

‍

Ensuring sustainable finance flows into climate adaptation is thus vital.  

‍

Meanwhile, restrictive policies are hindering companies, especially smaller scale corporates, in their decarbonisation efforts. Companies, irrespective of size, are challenged to decarbonise their entire value chain, including supply chain emissions. Thai businesses will further need to navigate emerging risks arising from biodiversity loss and water stress which will directly impact society and business operations.

‍

Join us for Unlocking capital for sustainability Thailand as key leaders gather to determine the solutions to advance the country’s transition to a resilient, low carbon and sustainable economy. 

‍