To keep pace with growing energy demand while ensuring sustainability and reduced greenhouse emissions, Thailand is accelerating investments in low carbon technologies in its power and transport sectors.
Thailand’s CTF investment plan is targeting $300 million in concessional financing to catalyze private sector investments in renewable energy and energy efficiency and to support direct investments in renewable energy and energy efficiency by state-owned electric utilities and Bangkok’s bus rapid transit.
The plan seeks to overcome the institutional, technical, market, risk perception, and financial barriers that hinder clean technology investments. The CTF is helping to establish replicable business models and providing technical assistance to financial institutions to expand lending to both public and private developers.
Over 60% of energy supply is imported, and fossil fuels account for over 90%
|NAME||FUND||FUNDING (USD MILLION)||COFINANCING (USD MILLION)||MDB|
|Private Sector Renewable Energy Program||FUNDClean Technology Fund||COFINANCING (USD MILLION) 80.60||FUNDING (USD MILLION) 1097.00||MDBADB|
|Renewable Energy Accelerator Program||FUNDClean Technology Fund||COFINANCING (USD MILLION) 5.10||FUNDING (USD MILLION) 37.60||MDBIFC|
|Sustainable Energy Finance Program (TSEF)||FUNDClean Technology Fund||COFINANCING (USD MILLION)||FUNDING (USD MILLION) 65.25||MDBIFC|
The CIF programmatic approach to investment planning and implementation brings strategic value to CIF recipient countries. Working through a transparent, country-led process, the CIF fosters trust and collaboration among government ministries, civil society, indigenous peoples, private sector, and the MDBs that implement CIF funding. Together they translate Nationally Determined Contributions and other national development and climate strategies into an actionable CIF investment plan. Rather than one-off projects, the plan comprises long-term, sequenced investments that mutually reinforce each other and link to other critical activities, such as policy and regulatory reform and capacity building. Under national government leadership, CIF stakeholders continue to work together to implement the plan, continually assessing progress and sharing lessons learned along the way.