A growth-friendly and inclusive green transition strategy for Thailand
This paper discusses Thailand’s green growth policy framework with a focus on finding
the right policy mix and institutional setup. Given that the economy is in a process
of catching up with advanced economies, particular emphasis will need to be placed
on making the green transition conducive to economic growth and further improvements
in living standards. Implementing Thailand’s current pledge to achieve carbon neutrality
by 2050 and net zero emissions by 2065 will require substantial policy changes. While
the expansion of natural gas use over the past years has helped Thailand to contain
increases of carbon emissions, reversing the still rising emissions calls for a strong
shift towards renewable energy sources. Thailand has already started these efforts.
The use of biofuels has increased in road transport, and other renewable energy sources
have also expanded. Investments into greener production technologies and a more responsible
use of resources have received strong attention. However, most current initiatives
are voluntary, which will not be sufficient to achieve the country’s climate goals.
As Thailand is highly vulnerable to climate change risks, policies that promote adaptation
to climate change will also play an important role.
Published on May 07, 2024
In series:OECD Economics Department Working Papersview more titles