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Clean Energy Finance and Investment Roadmap of Thailand

Thailand has adopted ambitious clean energy targets to meet its long-term climate goals, committing to reach carbon neutrality by 2050 and net zero greenhouse gas (GHG) emissions by 2065. Transforming Thailand’s energy system, alongside broader development objectives, is critical to meeting these goals as the energy sector accounts for 69% of Thailand’s total GHG emissions. The Clean Energy Finance and Investment Roadmap of Thailand (“the Roadmap”) outlines key actions to unlock finance and investment in two clean energy sectors: (i) renewable power, with special attention to small-scale renewable power systems; and (ii) energy efficiency in buildings, with a focus on cooling applications. The two sectors were selected in close consultation with the Department of Alternative Energy Development and Efficiency (DEDE) of the Ministry of Energy of Thailand. The Roadmap provides a comprehensive overview of the progress to date, policy context and challenges to mobilise near-term finance in those sectors, as well as estimates of the finance needs to reach Thailand’s clean energy plans. The report also includes a roadmap action plan, suggesting non-prescriptive recommendations and actions that the Government of Thailand, financial institutions, energy service companies, academia and the international development community active in the country could undertake to foster clean energy investments in Thailand.

Published on June 10, 2024

In series:Green Finance and Investmentview more titles

TABLE OF CONTENTS

Preface
Foreword
Abbreviations and acronyms
Executive Summary
Roadmap Action Plan
Introduction: key trends and policies for financing renewable energy and energy efficiency in Thailand
Estimated finance and investment needs to reach Thailand’s clean energy plans
Unlocking finance and investment for small-scale renewable power in Thailand
Unlocking finance and investment for energy efficient cooling and buildings
Annexes4 chapters available
Process of developing the Roadmap and key stakeholders
Case Studies
Methodology for modelling Thailand’s clean energy finance and investment needs
Building Energy Code standards
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