31 March 2023 – Bangkok, Thailand – The Office of Natural Resources and Environmental Policy and Planning (ONEP) in a collaboration with the Global Green Growth Institute (GGGI) and the Creagy Company Limited, organized a stakeholder consultation meeting to promote access to international climate finance support for climate change initiatives. The event was supported by the Readiness and Preparatory Support Programme of the Green Climate Fund (GCF) and was attended by approximately 90 participants from government and private sector organizations.
The objective of the meeting was to receive feedback and suggestion for reviewing the framework for seeking international finance support for achieving Thailand climate change targets. This includes developing a climate finance strategy, updating the existing GCF Thailand country program, and improving the GCF no-objection procedure for the climate project proposals.
Mr. Tero Tapio Raassina gave opening speech to emphasize the importance of the meeting that “it is clear evidence on a mismatch of the supply and demand in the climate finance. In the upper middle-income countries, the international climate finance should be primary used to unlock domestic private sector capital and to further derisk new kind of green projects. Well-structured Green Bonds are also an important instrument for closing the green investment gap. In addition, there is a need to the green technology transfers to the MSMEs and to enhance a just and well-balanced green transition along the value change.”
In this regard, Ms. Nareerat Panmanee, Director of the Climate Change Management and Coordination Division, ONEP, gave a presentation on “Finance for Climate Change and the Green Climate Fund” to provide the context for Thailand’s past and future work to promote international climate finance access to support Thailand’s target to reduce greenhouse gas emissions by 30-40 percent by 2030, achieve a carbon-neutral goal by 2050, and net zero GHG emissions by 2065.