The joint venture between The National Economic and Social Development Council (NESDC) and the Asian Development Bank (ADB) in Thailand will be drawing up strategies focused on environmental progression and addressing climate change. This joint action plan, as outlined by NESDC’s Secretary-General, Danucha Pichayanan, will be in motion from 2023 to 2026. But this timeline might be adjusted based on the need of the hour, as the program exhibits potential for extension, he informed the Nation during a recent conversation.
One of the critical objectives of this project is to enable Thailand to meet its ambitious environmental goals which include achieving carbon neutrality by 2050 and targeting net zero emissions by the year 2065.
Parallel to this, another noteworthy initiative known as the ‘Thailand Green Incubator’ will be on the lookout for promising green development projects. The scope of these projects will include the areas of nature rehabilitation, the unfolding blue economy, and promoting biodiversity. Moreover, this initiative will not solely rely on governmental support for funds, it will also look for alternative sources to financially back these projects.
Danucha further revealed that this collaborative partnership with the ADB allows for a wholesome exchange of knowledge and best practices at a regional level. This will be an instrumental vertical in improving Thailand’s existing policies, protocols, and regulations. To ensure a holistic learning experience, study tours will be arranged to the ADB headquarters in Manila, the Philippines.
Reflecting on the numerous positive implications of this collaboration between the NESDC and the ADB, Danucha highlights the eight key areas that the Thailand Green Incubator project will cover. These include considering the impact of a low-carbon economy on Thailand’s macroeconomic situation, reorganizing SMEs to be more eco-friendly, identifying relevant indicators for assessing the national strategy and master plans, fostering the development of green jobs, optimizing access to green infrastructure and services, building a model city capable of withstanding climate change, encouraging local communities to support carbon-offset services, and assessing the government’s green initiatives.
This progressive venture thus holds the promise of not only enabling Thailand to meet its environment-centric goals but also sets the stage for evolving green solutions and strategies, thereby aiming to create a substantial impact on the regional as well as the global stage.
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