The Siam Commercial Bank’s Economic Intelligence Center has reported that Thailand ranks 14th on the world’s environmental hazard list. The center hopes the list will prompt industries to consider making way for a greener economy.

The Siam Commercial Bank’s Economic Intelligence Center,or EIC, revealed details of its study on climate change.

The study stated that Thailand has been listed as one of the countries that run the risk of being adversely affected by climate change in the next 30 years.

Thailand ranks 14th out of 170 countries worldwide that can be potentially hit by effects of climate change, with Bangladesh topping the environmental risk list.

Data from 2007 revealed that Thailand ranked 25th in the world among the biggest emitters of greenhouse gases, while Bangkok emitted approximately 43 million tons of carbon dioxide which is almost as much as London, a city that has economy ten times bigger than Bangkok.

It is reported that Thailand’s average annual carbon dioxide emission sits at five percent while the rest of the world’s average is only 0.4 percent.

On top of that, Thailand has been labeled as one of the countries significantly contributing to climate change.

Head of EIC Sethaput Suthiwartnarueput said that according to studies, climate change issues will have an impact on shipping, transportation, food and tourism industries due to increased energy costs.

It is believed the world’s energy demand will grow by 1.2 percent each year in the next decade.

via Thai-ASEAN News Network.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like

Thailand to impose a carbon tax on 3 sectors

Carbon tax imposed by the Excise Department should help Thailand achieve its goals of carbon neutrality by 2050 and net zero greenhouse gas emissions by 2063.

Thailand improves to 30th place in the World Competitiveness Ranking

The report also pointed out some areas where Thailand needs to improve, such as infrastructure, education, health care, and environmental sustainability. These are crucial factors for enhancing the country’s long-term competitiveness and resilience.

Thailand Signs MoU on EV Battery Development with 5 partners

A memorandum of understanding on battery research was signed by Testa and five partners at the first Asean Battery and Electric Vehicle Technology Conference in Bali, Indonesia