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.
Large Shopping Malls in Bangkok Will Be Closed until July 25th
Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.
Downside risks loom for Thai economy due to Prolonged COVID-19 Outbreak
The most important issue for the Thai economy at present would be the procurement and distribution of appropriate vaccines adequately and timely.
The Bank of Thailand (BoT) has revealed that Thailand’s economy faces significant downside risks, because a prolonged COVID-19 outbreak could cause the economy to underperform the baseline projection, squeezing business liquidity and slowing employment.(more…)
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