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Carbon Neutrality
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) […]
Missed energy transition opportunity
I recently reviewed the draft Power Development Plan (PDP2024), outlining Thailand’s power development roadmap from 2024 to 2037. This draft, which was put for a public hearing process during June 12–19, left me disappointed. The lower-than-expected economic growth, high energy surplus, fluctuating electricity costs due to gas price volatility and a more ambitious net-zero target […]
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) […]
Energy shift calls for open markets, more renewables
The awaited new Power Development Plan (PDP) will be finalised by the second quarter of this year. The PDP— which is scheduled to be implemented between 2024 and 2037, will focus more on renewable energy. Prasert Sinsukprasert, the permanent secretary of the Ministry of Energy, says the new PDP aligns with Thailand’s climate change goal […]
Thailand’s LNG addiction derails its climate actions
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 […]