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: Integration of Higher Solar and Wind Energy into the Power Grid
November 21, 2024 l 10:00 – 11:30 AM
Microsoft Teams Webinar
🌍 Join us for an insightful webinar hosted by Climate Finance Network Thailand (CFNT)! Webinar Title: Integration of Higher Solar and Wind Energy into the Power GridDate: November 21, 2024Time: […]
Research Highlights
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
The promise and peril of green bonds
Once occupying a tiny fraction of global financial markets, “green bonds” have grown exponentially in the past decade to become one of the world’s fastest-growing asset classes. In February 2024, Bloomberg reported that total impact bond issuance — a catch-all word to include green, social, sustainability, and sustainability-linked bonds, but more on these later — […]
Pushing banks towards green finance
In an earlier article in this space, I mentioned that “the Bank of Thailand should integrate [Thailand] taxonomy into its reporting and disclosure regulations for the financial sector, as the EU has done, because the public scrutiny of activities in the banking sector can and should be part of the learning process on the journey towards greener finance”.
Next steps for Thailand Taxonomy
As demands for climate finance increase with the tangible impacts of climate change, people increasingly look to the government and various regulators to establish and upgrade a more effective combination of rules, regulations and market-based mechanisms to spur investments at a scale that is commensurate to our needs.
Thailand’s cloud dream cut short by its energy policy
Despite successfully wooing big tech companies such as Microsoft to invest in a new data centre, Thailand’s aspiration to become Southeast Asia’s hub for cloud computing might just be a pipe dream. A major hurdle is its outdated energy policy.
Unplugging the electricity monopoly
hailand’s electricity prices remain stubbornly high, burdening consumers and businesses alike. The current and former governments have tried to tackle this problem without much luck. Subsidies are a short-term tonic, but they have created new financial burdens. It is about time to ask what makes electricity costs so high and what needs to be changed at a fundamental level.
Climate risks threaten Thai economy
Last month, our Climate Finance Network Thailand (CFNT) network hosted a webinar titled “Time to Act: Looming Climate Impacts on Thailand’s Financial Sector”. Our highlight was our guest, Dr Kannika Thampanishvong, section head at the Puey Ungphakorn Institute for Economic Research, who told us about how finance professionals view climate change and how economists prepare to deal […]
Media
CFNT Webinar Series – Time to Act: Looming Climate Impacts on Thailand’s Financial Sector
On July 19, 2024, Climate Finance Network Thailand (CFNT) held an insightful webinar titled “Time to Act: Looming Climate Impacts on Thailand’s Financial Sector.” The event featured discussions on the challenges posed by climate change to Thailand’s financial systems, regulatory roles in managing climate impacts, and global best practices in climate risk assessment. The webinar […]
CFNT: Catalyzing finance for a sustainable and climate-resilient future
Established in 2024, the Climate Finance Network Thailand (CFNT) is a Bangkok-based think tank and network focused on promoting sustainable financial practices and supporting Thailand’s transition to a low-carbon economy in line with the 1.5°C climate target. Our ultimate objective is to enhance the responsiveness of Thailand’s financial sector to climate challenges and collaborate with […]
Risks and Opportunities for the Thai Economy and Stocks from the Global Warming Crisis
Rapeepat Ingkasit, Head of Research from the Climate Finance Network Thailand, discussed the topic “Risks and Opportunities for the Thai Economy and Stocks from the Global Warming Crisis” with the Sopon Supamungmee aomMoney editor. The discussion covered issues such as the risks Thailand faces from climate change, transitional risks that could impact the domestic economy, […]
Community Adaptation Strategies in Forest Carbon Credit Trading
On March 11, 2024, the Sustainable Development Foundation (Northern Thailand), in partnership with the Department of Climate Change and Environment (DCCE), hosted a webinar focused on community adaptation and negotiation strategies within the forest carbon credit trading mechanism. The webinar showcased a presentation by Sarinee Achavanuntakul, Director of the Climate Finance Network Thailand (CFNT). Sarinee […]