Climate Finance in Thailand
Recognizing the pivotal role of the financial sector in combating climate change, CFNT’s primary objective is to help catalyze impactful climate finance through solution-based research, stakeholder engagement, and network building. Our ultimate goal is to assist Thailand’s financial sector to be more responsive to the challenges of climate change. By uniting forces with like-minded partners, CFNT endeavors to help shape a financial landscape that aligns with global sustainability goals and fosters a resilient, green, and inclusive economy.
Event
CFNT Webinar Series: Phasing Out Coal – Case Studies from Germany & the Philippines
April 3, 2025 l 03:00 – 04:30 PM (Bangkok Time)
Microsoft Teams Webinar
As countries transition toward clean energy, what can Thailand learn from Germany and the Philippines about phasing out coal? Join CFNT’s exclusive webinar featuring Suchart Klaikaew, Program Lead for Innovation […]
Research Highlights
Here Comes Everybody: Boosting Residential Solar Financing with Crowdfunding Models in Thailand
Thailand has abundant solar resources, but its utilization of solar energy falls short of its potential. This report explores crowdfunding as an alternative financing mechanism to bridge gaps in residential solar photovoltaic (PV) funding. We propose several financing models tailored to the Thai context, including Pay-As-You-Save (PAYS), which enables consumers to install solar PV systems […]
A Better Path is Possible Critique and Suggestions to Draft PDP2024
In this report, we critically analyze draft Power Development Plan 2024 (PDP2024), emphasizing its over-reliance on fossil fuels, particularly natural gas, and the high associated costs and risks. Despite Thailand’s commitment to achieving carbon neutrality by 2050, the plan prioritizes the development of new gas plants and unproven technologies such as Small Modular Reactors (SMRs) […]
Thailand’s Fossil Lock-In: Stranded Risk of Midstream Oil & Gas Infrastructure
This report examines the financial risks of Thailand’s continued investments in midstream oil and gas infrastructure, including refineries and LNG terminals. As the world shifts towards net-zero emissions, these infrastructures face significant economic risks. The report details investment costs, with 189 billion THB for new oil refineries and 66 billion THB for new LNG terminal […]
Fossil Reckoning: Valuation of Coal and Gas Stranded Assets in Thailand
This research aims to evaluate the financial impact of Thailand’s transition to clean energy focusing on the potential stranded asset values within the gas and coal powerplant industry. Employing the Discounted Cash Flow (DCF) methodology, our analysis encompasses three scenarios: (1) Base Case or Power Development Plan 2018 Revision 1, (2) Rapid Transformation, and (3) […]
Articles
Global Climate Finance Under Threat: What U.S. Aid Cuts Could Mean for Thailand
The Trump administration’s recent decision to rescind $4 billion in U.S. pledges to the United Nations’ Green Climate Fund (GCF) has sent shockwaves through the global climate finance community. This move, coupled with significant cuts to the U.S. Agency for International Development (USAID), threatens to reduce global climate finance by nearly 10%, a substantial setback […]
Unlocking Asean’s grid for green growth
Thailand is taking a significant step towards renewable energy, targeting half of its electricity generation from renewable sources by 2037 under the recently drafted Power Development Plan 2024 (PDP2024). However, achieving this goal is dependent on the Asean Power Grid, a region-wide initiative first proposed in 1997 to interconnect the electricity infrastructures of Asean member […]
Transition-finance for a green economy
For those who advocate for more timely and meaningful climate finance commensurate with the increasingly cataclysmic impact of climate change, the year 2025 seems to begin on a rocky start. Early last month, 11 large US and Canadian banks exited the Net Zero Banking Alliance (NZBA), the UN-backed coalition of banks that claim their dedication […]
Sun-powered schools are a smart move
Thailand’s rising electricity costs are not just a concern for businesses; they are placing a financial burden on schools. In 2023, a local business daily, Bangkok Biz, reported that many schools were struggling with high electricity liabilities. For example, Mahidol Wittayanusorn School, located on the Salaya Campus of Mahidol University in Nakhon Pathom province, faces […]
Role of banks in climate change future
On Jan 10, the World Meteorological Organization (WMO) announced that 2024 was the warmest year on record, likely the first year with a global mean temperature of more than 1C above the 1850-1900 average. Despite the alarming fact, the year 2025 is not off to a good start. The same week that WMO made that […]
Learning from the Green Bond Experience: Successes and Pitfalls
Article by: Thanakon Sukuman Green bonds have become a powerful financial instrument in the global fight against climate change, yet not all deliver on their promises. Despite global green bond issuance reaching a record $269.5 billion in 2020, concerns over greenwashing—where financial instruments claim environmental benefits without real impact—continue to grow. Understanding the difference between […]
Media
CFNT Webinar Series – Phasing out coal: Case studies from Germany
On April 3, 2025, Climate Finance Network Thailand (CFNT) hosted a webinar titled “Phasing out coal: Case studies from Germany” The webinar featured Suchart Klaikaew, Program Lead for Innovation Regions for a Just Energy Transition (IKI JET) Thailand and an experienced Just Energy Transition Expert at GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit), Germany’s main development […]
CFNT Webinar Series – Can green bonds accelerate climate action?
On February 28, 2025, Climate Finance Network Thailand (CFNT) hosted a webinar titled “Can Green Bonds Accelerate Climate Action?” The webinar featured Rahul Sheth, Managing Director of Debt Capital Markets & Global Head of Sustainable Bonds at Standard Chartered Bank, who shared insights into the evolving landscape of green bond financing. Discussions covered the global […]
CFNT Report Launch – Here Comes Everybody: Boosting Residential Solar Financing with Crowdfunding Models in Thailand
On 26 November 2024, Climate Finance Network Thailand (CFNT) launched its second research report, “Here Comes Everybody: Boosting Residential Solar Financing with Crowdfunding Models in Thailand” highlighting innovative crowdfunding models as a pathway to accelerate residential solar financing in Thailand. The event also featured a dynamic panel discussion, Unshackling Solar in Thailand: Brainstorming direct experience […]
CFNT Webinar Series – Integration of Higher Solar and Wind Energy into the Power Grid
On November 21, 2024, Climate Finance Network Thailand (CFNT) hosted a webinar titled “Integration of Higher Solar and Wind Energy into the Power Grid.” The webinar was presented by Dr. Tharinya Supasa, Project Lead Southeast Asia Energy Policy at Agora Energiewende, who shared insights on the opportunities and challenges of integrating variable renewable energy (VRE) […]