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Environment

Thailand to invest $100M to promote alternative energy

The country’s Energy Conservation Promotion Fund, known as the ESCO Fund, has planned to spend big to encourage Thais to switch to alternative energy. Permanent Secretary of the Energy Ministry Norkun Sitthiphong said on Thursday that the latest meeting of the Board of the ESCO Fund has approved 75 projects, which will be implemented in 2012, to promote the use of alternative energy

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The country’s Energy Conservation Promotion Fund, known as the ESCO Fund, has planned to spend big to encourage Thais to switch to alternative energy. Permanent Secretary of the Energy Ministry Norkun Sitthiphong said on Thursday that the latest meeting of the Board of the ESCO Fund has approved 75 projects, which will be implemented in 2012, to promote the use of alternative energy. All projects were estimated to need more than THE3.2 billion for the implementation altogether.

Mr. Norkun said that this year’s projects will emphasize the enhancement of the energy utilization efficiency, the development of alternative energy and the development of new strategic plans. He added that these plans is expected to, altogether, help increase Thailand’s alternative energy use from the current level of 12% to 25% of overall energy utilization within 10 years

 

Moreover, the ESCO Fund board meeting also allocated THB200 million to the R&D of alternative energy and another THB200 million to the energy conservation work. Lastly, the meeting has approved THB350 million to be spent on the public relations of energy conservation in Thailand. Read More

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Environment

Climate Change Could Force 49 Million People to Migrate in East Asia and the Pacific

Out-migration hotspots in agricultural areas of central Thailand and Myanmar coincide with areas expected to see declines in both water availability and crop productivity

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The World Bank’s updated Groundswell report released today finds that climate change, an increasingly potent driver of migration, could force 216 million people across six world regions to move within their countries by 2050.

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Companies

Thailand BOI Approves Measures to Support Carbon Reduction

greenhouse gas emission as well as an enhanced scheme for electric vehicles and measures to mitigate Covid-19 impacts and support local vaccine development

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The Thailand Board of Investment (BOI) approved incentives to encourage companies to reduce greenhouse gas emission as well as an enhanced scheme for electric vehicles and measures to mitigate Covid-19 impacts and support local vaccine development, Ms Duangjai Asawachintachit, Secretary General of the BOI, announced today.

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