Connect with us
CGIF-10th-Year-Anniversary

Environment

Thai Court Keeps Projects Frozen on Environmental Concerns

A Thai court ruled that dozens of industrial projects in the country’s east must remain suspended because of environmental concerns, a decision that disappointed markets and may weigh on economic growth and the earnings of two of Thailand’s largest conglomerates next year. The Supreme Administrative Court on Wednesday approved 11 projects to proceed, but said that 65 others must remain halted.

Avatar

Published

on

A Thai court ruled that dozens of industrial projects in the country’s east must remain suspended because of environmental concerns, a decision that disappointed markets and may weigh on economic growth and the earnings of two of Thailand’s largest conglomerates next year.

The ruling comes after the government appealed a decision by the Administrative Court in late September to issue an injunction to suspend 76 projects valued at 400 billion baht ($12.06 billion) in the Map Ta Phut industrial estate in Rayong province after environmentalists argued that the permits approved by the government violated the constitution.

The Supreme Administrative Court on Wednesday approved 11 projects to proceed, but said that 65 others must remain halted.

An industrial plant in Map Ta Phut

An industrial plant in Map Ta Phut

The court said all projects being developed by Siam Cement PCL will remain on hold.

The company, Thailand’s largest industrial conglomerate in terms of sales, has previously said that along with its partners, it has 106 billion baht worth of projects under suspension at the estate.

A major gas separation plant being developed by Thailand’s largest energy conglomerate, PTT PCL, was among those approved by the court, company spokesman Attaphol Lertpiboon said. A Euro 4 emission standard project by PTT Aromatics & Refining PCL will also go ahead, he said.

via Thai Court Keeps Projects Frozen on Environmental Concerns – WSJ.com.

Comments

Environment

Real estate Sustainable development spurred by COVID-19 pandemic

There is an increasing awareness of the environmental impact of real estate: the World Green Building Council suggests that buildings are responsible for upwards of 40% of the world’s greenhouse gas emissions.

Daniel Lorenzzo

Published

on

Since the onset of the COVID-19 pandemic, the real estate sector worldwide is stepping up its response to climate change and sustainable development.

(more…)
Continue Reading

Environment

Thailand accepts World Bank’s climate change grant

Thailand has approved an acceptance draft for a 5 million dollar grant from the World Bank, to fund projects reducing the emission of environmentally harmful HFC gas.

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – In addition to several projects and agreements approved in the Cabinet meeting yesterday, the government has agreed to accept a 5 million dollar U.S. grant from the World Bank to reduce emissions of hydrofluorocarbon gas (HFC), which is one of the greenhouse gases affecting the globe’s ozone layer.

(more…)
Continue Reading

Environment

Covid-19: An Historic opportunity to create a more sustainable East Asia

The COVID-19 crisis is occurring at a time of fervent populist nationalism when the prospects of reliving a late-19th century-style era of ratcheting up geopolitical tension, trade protectionism and superpower rivalry are very real.

East Asia Forum

Published

on

History shows that the deepest economic and social changes occur in the aftermath of major crises, catastrophes or conflicts. They have catalytic, disruptive effects on existing orders, creating new realities and different ways of thinking about the future. East Asia is now in an important phase of its history.

(more…)
Continue Reading
Advertisement

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,431 other subscribers

Trending