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
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 […]
Can new bonds mitigate disaster losses?
Last year turned out to be one of the most expensive on record in terms of insurance payments resulting from natural disasters. In 2024, financial claims made to insurance companies reached copy40 billion, the third most expensive year for insurers in the last four decades, according to Munich Re’s report, titled “Climate change is showing […]
Farms and solar energy can co-exist
At first glance, the idea of combining agriculture with solar energy seems far-fetched. How can crops and solar panels compete for the same sunlight? My view changed after I visited the Sosa Mega Solar Sharing site in Chiba Prefecture, Japan, last month. As part of a media tour organised by Mekong Watch, a Japanese non-profit […]
Bridging Thailand’s climate adaptation finance gap
By many accounts, Thailand consistently ranks among the most vulnerable countries in the world to climate change. The oft-cited Global Climate Risk Index by GermanWatch ranked Thailand’s long-term climate risk in 2021 as 9th in the world. Thailand is one of the 10 most flood-affected countries in the world, and the risks it faces are […]
Do carbon credits make a difference?
At COP29 in Baku, carbon credits ignited intense debate from the very start. While Azerbaijan, the host nation, celebrated progress on Article 6, climate justice groups criticised carbon markets for enabling major polluters to continue emitting greenhouse gases. A carbon credit represents the right to emit one metric tonne of CO2 equivalent or an equivalent […]
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 — […]
Media
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) […]
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 […]