Summary Green Growth is the way forward for Thailand - TDRI: Thailand Development Research Institute tdri.or.th
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One Line
TDRI urges Thailand to prioritize green growth due to climate change and trade challenges, emphasizing the crucial need for government support and public commitment.
Slides
Slide Presentation (13 slides)
Key Points
- Thailand needs to pursue green growth as a new economic pathway for sustainable development.
- Climate change poses threats to Thailand, including disastrous storms, droughts, and floods.
- The Thai economy could shrink by nearly 44% in 2050 due to global warming.
- New international trade rules, such as the European Green Deal, could affect Thai exports.
- Technology plays a key role in achieving green growth and increasing efficiency.
- Bureaucratic red tape and outdated regulations hinder green growth in various sectors.
- Businesses in Thailand are already engaging in green business opportunities.
- The government should overhaul rules, invest in research and development, and provide support for green growth.
Summaries
21 word summary
TDRI urges Thailand to prioritize green growth due to climate change and trade challenges. Government support and public commitment are crucial.
65 word summary
The Thailand Development Research Institute (TDRI) urges Thailand to prioritize green growth as a new economic path. Climate change and trade challenges necessitate urgent action. Technology is key, but bureaucratic red tape hampers progress. Small businesses need government support for eco-friendly practices. Specific actions are outlined for the government, businesses, and the financial sector. Public commitment is crucial for reducing emissions and supporting sustainable growth.
137 word summary
The Thailand Development Research Institute (TDRI) emphasizes the importance of pursuing green growth as a new economic pathway for Thailand. They argue that the old development model, which prioritizes growth at the expense of the environment, is no longer viable. Climate change and global economic stagnation require urgent action. Thailand is already among the top 10 countries most affected by climate change. Trade challenges, such as the European Union's Carbon Border Adjustment Mechanism, could impact Thai exports. Technology is crucial in achieving green growth, but bureaucratic red tape hinders progress. Small businesses need government support to adopt environmentally friendly practices. The researchers outline specific actions for different stakeholders, including the government, businesses, and the financial sector. The public's commitment to green growth is also essential for reducing greenhouse gas emissions and supporting sustainable economic growth in Thailand.
491 word summary
Researchers from the Thailand Development Research Institute (TDRI) stress the importance of pursuing green growth as a new economic pathway for Thailand. They argue that the old development model, which prioritizes growth at the expense of natural resources and the environment, is no longer viable. Sustainable development and green growth are crucial for Thailand's future economic growth.
The researchers highlight the urgent need for action in response to the climate crisis and global economic stagnation. Climate change is causing natural disasters and conflicts worldwide, creating new risks that businesses must address. Environmental protection is also becoming an integral part of international trade rules, which Thailand cannot afford to overlook.
Projections from the Intergovernmental Panel on Climate Change (IPCC) suggest a rise in global temperatures by almost 5 degrees Celsius by the end of the century. Thailand and Southeast Asia will continue to face severe storms, droughts, and floods as temperatures increase. Thailand is already among the top 10 countries most affected by climate change in terms of casualties and economic loss.
The researchers also highlight potential trade challenges for Thai exports, such as the European Union's Carbon Border Adjustment Mechanism (CBAM). This mechanism aims to encourage cleaner industrial production and could directly impact Thai exports. Other industries will eventually have to adopt cleaner production methods to access the European market.
Technology plays a crucial role in achieving green growth. Many Thai businesses are already investing in green technologies and practices, but bureaucratic red tape and outdated regulations hinder progress. The researchers call for modernizing and decentralizing the grid system, promoting power trading, and increasing investment in research and development for renewable energy.
The researchers also emphasize the potential of technology in other sectors, such as improving efficiency in water and energy use, waste management, and energy-saving measures. They highlight the business prospects of green building and the growing demand for sustainable buildings among consumers.
Small businesses face challenges in adopting environmentally friendly practices. The researchers urge the government to invest in research and development to support small-scale farmers in reducing greenhouse gas emissions and increasing energy efficiency. Government support for the green building movement, including tax measures and green procurement policies, is also necessary.
The researchers outline specific actions for different stakeholders. They recommend that the government use green procurement to support environmentally friendly goods and services, update rules and regulations, collaborate with businesses and local communities, and provide economic incentives for accessing green technology. Businesses are urged to reduce greenhouse gas emissions, set concrete goals, adjust business policies, and demonstrate transparency and responsibility. The financial sector can contribute by providing green credits and bonds to facilitate access to green technology for businesses at all levels.
The researchers emphasize the role of the public in changing consumption behaviors to reduce greenhouse gas emissions and support environmentally friendly goods and services. Through a concerted commitment to green growth, Thailand's economy can sustainably grow for the well-being of its people and the environment.
555 word summary
Thailand Development Research Institute (TDRI) researchers Kannika Thampanishvong and Charika Channuntapipat emphasize the importance of pursuing green growth as a new economic pathway for Thailand. They argue that the old development model, which prioritizes growth at the expense of natural resources and the environment, is no longer viable. They stress that sustainable development and green growth are crucial for Thailand's future economic growth.
The researchers highlight the urgent need for action in response to the climate crisis and global economic stagnation. They note that climate change is causing natural disasters and conflicts worldwide, leading to new risks that businesses must address. They also point out that environmental protection is becoming an integral part of international trade rules. Thailand, they argue, cannot afford to overlook these challenges.
To illustrate the potential consequences of inaction, the researchers cite projections from the Intergovernmental Panel on Climate Change (IPCC) that suggest a rise in global temperatures by almost 5 degrees Celsius by the end of the century. They warn that Thailand and Southeast Asia will continue to face severe storms, droughts, and floods as temperatures increase. Thailand is already among the top 10 countries most affected by climate change in terms of casualties and economic loss.
In addition to climate-related threats, the researchers highlight potential trade challenges for Thai exports. The European Union's Carbon Border Adjustment Mechanism (CBAM), aimed at encouraging cleaner industrial production, could directly impact Thai exports. The measure may initially apply to carbon-intensive products, but other industries will eventually have to adopt cleaner production methods to access the European market.
Technology plays a crucial role in achieving green growth, according to the researchers. They point out that many Thai businesses are already investing in green technologies and practices. However, bureaucratic red tape and outdated regulations hinder progress. The researchers call for modernizing and decentralizing the grid system, promoting power trading, and increasing investment in research and development for renewable energy.
The researchers also highlight the potential of technology in other sectors. They provide examples of businesses using technology to improve efficiency in water and energy use, waste management, and energy-saving measures. They emphasize the business prospects of green building and the growing demand for sustainable buildings among consumers.
Despite available technology, the researchers acknowledge that small businesses face challenges in adopting environmentally friendly practices. They urge the government to invest in research and development to support small-scale farmers in reducing greenhouse gas emissions and increasing energy efficiency. They also call for government support for the green building movement, including tax measures and green procurement policies.
The researchers outline specific actions for different stakeholders. They recommend that the government use green procurement to support environmentally friendly goods and services, update rules and regulations, collaborate with businesses and local communities, and provide economic incentives for accessing green technology. Businesses are urged to reduce greenhouse gas emissions, set concrete goals, adjust business policies, and demonstrate transparency and responsibility. The financial sector can contribute by providing green credits and bonds to facilitate access to green technology for businesses at all levels.
Finally, the researchers emphasize the role of the public in changing consumption behaviors to reduce greenhouse gas emissions and support environmentally friendly goods and services. They argue that through a concerted commitment to green growth, Thailand's economy can sustainably grow for the well-being of its people and the environment.