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.

Research Highlights

Can Chinese EV InvestmentContribute to Thailand’s Green Transformation?

06/08/25

This report examines the governance structures and local implications of Chinese electric vehicle investment in Thailand. It intends to provide an evidence-based reference point for policymakers and stakeholders in both countries, for future research, analysis, and action towards a more inclusive, trusted, and equitable form of sustainable development.

Here Comes Everybody: Boosting Residential Solar Financing with Crowdfunding Models in Thailand

13/11/24

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

12/07/24

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

12/06/24

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

21/05/24

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) […]

Article

Phasing out coal makes economic sense

12/01/26

Thailand’s Net Zero 2050 target under NDC 3.0 can be achieved depends largely on the energy sector. Rapeepat Ingasit explores 3 pathways for phasing out coal, drawing on international experience that is not only climate-friendly, but also economically viable.

Article

Transfer Climate Risk Through Catastrophe Bonds

26/12/25

Governments have relied on reactive financial mechanisms to cope with unexpected disasters. In this article, Rapeepat would like to introduce a proactive financial instrument for disaster risk management: catastrophe bonds.

Article

‘Room for the River’: The Dutch Flood-Management Policy Shaped by the State, Communities, and Nature

09/12/25

The 2025 southern flood crisis reflects Thailand’s continued failure in responding to water disasters. It may now be time to shift away from grey infrastructure to nature-based water management—just as the Netherlands has demonstrated through its “Room for the River” policy.

Article

How climate fund can give justice for all

29/11/25

Thailand’s NDC 3.0 mentions “just transition” for the first time. But the question remains: how can we ensure that this becomes a real just transition and advances climate justice in practice? Sarinee proposes three recommendations to align Thailand’s Climate Fund with the principles referenced in NDC 3.0.

Article

Tackling Asean grid’s $800bn challenge

28/11/25

As Southeast Asia becomes the world’s second-fastest-growing electricity market, the region faces two main paths. One is to commit to massive infrastructure to import Liquefied Natural Gas (LNG). The other path is accelerating renewable energy adoption, which requires a major update of the regional grid.

Article

Climate Finance Network Thailand    Statement on Fraudulent Email Impersonation  

20/11/25

Climate Finance Network Thailand (CFNT) has been made aware of an attempted impersonation falsely claiming to represent Ms. Sarinee Achavanuntakul,  Director of CFNT. We confirm that this communication is fraudulent and did not originate from Ms. Sarinee or CFNT. 

Media

CFNT Proposes 7 Climate Financial Policy for Just Energy Transition in Thailand to Political Parties

17/01/26

Sarinee Achavanuntakul, Director of CFNT proposes 7 climate financial policy for just energy transition in Thailand to political parties at JustPow event.

Media