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Wednesday, May 8, 2024

Transition finance to drive a greener future

A blanket of PM2.5 haze obscures the skyline as seen from the Chao Phraya River in Bangkok. (Photo: Apichart Jinakul)

The choking smog that has smothered Thailand this year underscores the growing urgency for tackling climate change in Southeast Asia as the region sets out to achieve a low-carbon, climate-resilient economy.

The answer is for the region to accelerate the use of transition financing to spur hard-to-abate sectors to adopt cleaner technologies, increased energy efficiency and become greener in the long run.

Thailand has faced an annual outpouring of haze from February to May each year, as farmers burn their crop waste and the number of forest fires rises, but this year has been particularly acute. In March, health…

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