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Two recent joint missions from three development finance institutions helped Thailand identify low carbon projects that could be eligible for Clean Technology Fund financing.
The CTF missions were the first of many steps needed for Thailand to tap into the CTF, a multilateral fund which helps developing countries transform their industries to produce less carbon emissions. The missions consisted of renewable energy, transport, and climate change experts from the World Bank, the International Finance Corp. (IFC), and the Asian Development Bank (ADB).
The first mission in July introduced the CTF and its benefits to senior Thai policy-makers as well as a select group of private sector representatives. Further meetings and correspondence since have enabled the CTF delegates to assist the Office of the National Economic and Social Development Board (NESDB) in drawing up the CTF Investment Plan for the Kingdom of Thailand.
The plan outlines the carbon emission reduction or mitigation program, for which CTF support is being sought.
During the second mission in August, the delegates helped the Thai government narrow down the number of projects in the Investment Plan to four from the 14 previously identified.
Once finalized, the CTF Investment Plan will be presented to the Thai cabinet for endorsement, and then to the CTF Trust Fund Committee for approval in October.
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