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 […]
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 […]
By early next year, Thailand and other countries are expected to update national climate commitments under the Paris Agreement, known as nationally determined contributions (NDCs). The Paris Agreement mandates that nations submit new NDCs every five years, with each round more ambitious than the last. These NDCs are essential for countries to collectively tackle the […]
Join us for an insightful webinar hosted by Climate Finance Network Thailand (CFNT)! 🌟Webinar Title: Time to Act: Looming Climate Impacts on Thailand’s Financial Sector🗓️ Date: July 19, 2024🕙 Time: 10:00 – 11:30 AM📍 Platform: Microsoft Teams Webinar 🎤 Speaker: Kannika Thampanishvong, Section Head at Puey Ungphakorn Institute for Economic Research (PIER) Explore how climate […]
We are excited to invite you to the Climate Finance Network Thailand (CFNT) launch ceremony and the presentation of our inaugural research findings, “Fossil Reckoning: Valuation of Coal and Gas Stranded Assets in Thailand.” Event Highlights: Our first research paper focuses on the assessment of coal and gas power plants in Thailand, examining their potential […]
Thailand’s National Energy Plan (NEP) — a blueprint outlining the country’s energy strategy from 2023 to 2037, has earned praise for its goals to increase the use of clean renewable energy in Thailand. The plan states that by 2050, half of electricity consumed must be clean and renewable energy –solar cells, wind, biomass, small nuclear […]
As extreme heat becomes common, Thailand needs a more comprehensive labour protection law to safeguard at-risk migrant workers from hotter climate. Thailand is always hot and humid. Yet the scorching heat this year proved to be punitive. Chhaya Cheam, a 43-year-old domestic worker from Cambodia, was unable to partake in the Songkran festivities with her […]
In Thailand’s National Energy Plan (NEP) — a blueprint outlining the country’s energy strategy from 2023 to 2037 — a small portion of nuclear energy is included as one form of alternative energy. The NEP has set the goal that 50% of energy for consumption must come from clean and renewable sources like wind, solar, […]
Despite commitments to increase the share of renewable energy to combat climate change and promises to adhere to the 1.5°C target outlined by the Paris Agreement, Thailand’s appetite for liquefied natural gas (LNG) tells a different story, putting the country’s sustainable future in jeopardy. In 2023, Thailand experienced a notable surge in LNG imports, reaching […]