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GGGI, MONRE to promote green growth projects in Thailand’s food industry, SMEs

Bangkok, November 27, 2018 – The Global Green Growth Institute (GGGI) joined force with the Office of Natural Resources and Environmental Policy and Planning (ONEP), the Ministry of Natural Resources and Environment, to develop a green investment plan for Thailand’s food industry aiming to enhance the industry’s competitiveness, reduce greenhouse gas emissions and ensure sustainable development.

Compared to other industries, the food industry is the largest manufacturing sector in Thailand, having the highest number of factories and workforces. The industry contributes up to 822.94 billion baht or 22.73% of the gross domestic product (GDP). Manufacturing processes of these products involve over thousands of factories and plants of all sizes, over 10 million population in the agricultural sector and many others in the supply chains. The industry also listed among three industrial sectors contributing the highest benefits to the country.

A one-day workshop ‘Advancing Thailand’s access to Green Climate Fund’ was held to provide food manufacturers and SMEs investment and financing opportunities as well as access to potential funding sources essential for overcoming gaps of green project development. The event was well attended by representatives from food manufacturers, banking sectors and government authorities

The Green Climate Fund, established by 194 state governments and pledged by advanced economies to jointly mobilize USD 100 billion per year by 2020, will help empower capacity and readiness among lower to middle income countries including Thailand to access available financial resources that will benefit food manufacturers to develop green growth, clean energy and energy efficiency-related projects in the long run.

“Private sector, particularly the industrial sector, plays a crucial role in driving Thailand to achieve the greenhouse gas reduction target. The collaboration between ONEP, GGGI, the food industry and financial sector is significant in terms of access to funding sources, especially the Green Climate Fund, in support of green industry which will be beneficial for business operators and the country.” said Dr. Phirun Saiyasitpanich, Director of Climate Change Management and Coordination Division, ONEP.

 “The Green Climate Fund will provide major opportunities for industries, particularly SMEs, in Thailand to access low-cost financial resource that will empower the industry’s competitiveness. Green growth development is a pathway for food industry to grow sustainably and increase its competitiveness in the long run,” said Khan Ram-Indra, GGGI country representative.

About the Global Green Growth Institute (GGGI)

Based in Seoul, GGGI is an intergovernmental organization that supports developing country governments transition to a model of economic growth that is environmentally sustainable and socially inclusive. GGGI delivers programs in 30 partner countries, both member and non-member, with technical support, capacity building, policy planning & implementation, and by helping to build a pipeline of bankable green investment projects.

GGGI has 30 Member countries from developed, developing countries, including Small Island Developing States, from South America, Europe, Africa, and Asia and the Pacific regions.

To learn more about GGGI, see http://www.gggi.org and visit us on Facebook and Twitter.

For more information, contact:

Mr. Khan Ram-Indra, Country Representative, GGGI, Mobile: +66 (0)81 832 4225,

Email: khan.ramindra@gggi.org

Mr. Boonrod Yaowapruek, The Creagy Company Limited, Mobile: + 66 (0) 89 107 8085,

Email: boonrod@thecreagy.com