Climate change poses a big risk for Thailand, but the country’s current commitment to combat climate change at a global level remains modest.
However, the sense of urgency to address climate risks has started to shape recent policy. The government announced more ambitious climate targets in November 2022. The Bio-Circular-Green (BCG) model has gained greater prominence. In the financial sector, policy is being redesigned to facilitate green finance.
EIU expects these moves to create an ecosystem that steers the economy towards more sustainable practice in the medium term. We expect opportunities to concentrate in sectors such as electric vehicles and renewable energy in the near term.
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