Tag Archives: Government Savings Bank

Today’s environmental news-June 15

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‘Environmental Problems and Pollution’ are the Top Concern for Thais

In a study that has been running every year since 2019, Thais were asked to choose their “Top 5 Public Concerns”. In 2024, environment was the top concern chosen by 30% of those surveyed, followed by “rising prices” at 28%.

In fact, it is the same two top concerns as we saw last year in 2023. This is always asked in the context of a range of major public concerns about the country, including other concerns such as corruption, healthcare, traffic congestion, crime and the economy, according to Marketbuzzz’s recent poll. Continued … 

Green financing and energy transition: Path to a sustainable future

With a commitment to achieving carbon neutrality by 2050, each country is not only addressing its environmental responsibilities but also exploring opportunities in clean energy and green finance.

Financing the green energy transition outlines critical strategies that can be tailored to each country’s unique context, offering a road map to unlocking billions in green investments, fostering innovation, and driving the country toward a resilient, low-carbon economy. Continued … 

CRT and CCL Introduce Satellite Technology for Carbon Credits

Carbon Registry Thailand (CRT) and Carbon Credit Laos (CCL) visited the Ministry of Agriculture and Forestry in Vientiane this week to introduce an innovative satellite carbon-calculation method.

During the meeting, CRT and CCL presented the method, highlighting its potential to address the challenges of data transparency and accuracy faced by conventional sampling methods in carbon-credit calculation. Continued … 

IRPC Secures 5 Billion Baht Sustainability Loan

Somrudee Charoenkrongsakul, acting senior manager of treasury, representing IRPC Public Co., received a 5-billion-baht sustainability loan from Government Savings Bank (GSB). This marks the first instance of a bank incorporating ESG scores in its lending decisions, favoring businesses with positive environmental impacts and promoting green finance.

IRPC received an excellent ESG score due to its responsible business practices toward society, communities, and the environment. The loan will be used to invest in refinery efficiency improvements and upgrade diesel quality to Euro 5 standards, reducing pollution and PM 2.5 emissions, aligning with the company’s eco factory policy. Continued … 

Sustainability needs more than ESG compliance, says expert

Achieving sustainability requires more than just adherence to environmental, social, and governance (ESG) principles, according to Rajeev Peshawaria, CEO of Stewardship Asia Center. Speaking at a conference in Bangkok this week, Peshawaria emphasized that a genuine desire for a better future is crucial.

The ESG framework, which has been around since the 1990s, is proving effective in some areas but is not sufficient on its own. Peshawaria pointed out that many businesses engage in greenwashing to avoid regulatory trouble and that regulations typically only enforce the bare minimum of responsible behavior. Continued … 

EGAT to launch third floating solar project

The c (EGAT) has announced plans to outsource engineering, procurement and construction firms for the development of a third solar floating project on the Srinagarind Dam reservoir, according to the deputy governor for power plant development and renewable energy.

Thidade Eiamsai said the project is expected to generate 140 megawatts of power, and it will be EGATs third solar floating project. The state enterprise has a 44MW floating solar plant at Sirindhorn Dam in Ubon Ratchathani and another one at Ubol Ratana Dam in Khon Kaen. Continued … 

Report Analyzes Floating Solar Vs More Dams

Everyone is talking about a new study that makes the case for putting more floating solar arrays on existing hydropower dams instead of blocking up global water systems with a torrent of new hydropower dams.

And to think, nobody had even heard about floating solar just a few years ago. Nevertheless, the floating solar field is growing quickly, and it could provide for additional grid benefits as well as ecosystem conservation. Continued … 

PTT focused on transition to clean energy, says new CEO

The next phase in the evolution of Thailand’s largest energy conglomerate, PTT Plc, would involve taking the lead in assisting the country’s transition to clean energy, with hydrogen technology as a key focus, its recently appointed CEO, Kongkrapan Intarajang, said on Friday.

Noting that Thailand was following the global trend of transition to clean and green energy, and as part of an effort to achieve the government’s target of carbon neutrality by 2050 and net-zero greenhouse gas emissions by 2065, he emphasized that it was part of PTT’s mission to accelerate and facilitate this transition. Continued … 

Thai company to help develop first smart power plant in Philippines

A subsidiary of Thailand’s petrochemical giant SCG Chemicals (SCGC) is partnering with one of the Philippines’ major power producers to develop the Southeast Asian country’s first smart power plants, according to a joint statement issued on Thursday.

The collaboration between SCGC subsidiary Repco Nex and the Philippines’ Aboitiz Power Corp. (AboitizPower) is part of the Arkanghel Project agreement, which allows the two companies to work jointly on developing a digital twin model for power plants. This model will enable energy producers to simulate internal plant processes. Continued … 

Transparency and trust for sustainable Mekong development

The Mekong River Commission (MRC) took a step toward enhancing cooperation by holding its 14th Regional Stakeholder Forum this past week. The forum emphasized information sharing to foster transparency and trust and provided critical updates on the Mekong River’s developments.

In his opening remarks, Chanthanet Boualapha, vice minister of Natural Resources and Environment and alternate member of the MRC Council for Lao PDR underscored the importance of open communication in addressing concerns and nurturing trust among all stakeholders. Continued … 

How Southeast Asia’s solar industry can shine in face of US tariff threat

As Southeast Asia strives to become an “epicentrum of growth”, the green technology manufacturing sector – particularly solar photovoltaics (PVs), lithium batteries and electric vehicles (EVs) – will be key components in this endeavor.

The progress so far is impressive. Southeast Asia has emerged as the world’s second-largest solar module producer, trailing only China. By the end of 2022, the region boasted a total module production capacity of 70 gigawatts, a significant leap from an almost negligible level just a few years ago. This capacity represents roughly 6.4% of the world total of about 1,100GW expected by the end of this year. Continued … 

Ford Thailand turns car parks into solar farms

Ford is committed to building a more sustainable, inclusive, and equitable transportation future, announcing that it is working toward sourcing 100% carbon-free electricity for global manufacturing by 2035. The brand is well on its way, achieving 70.5% of carbon-free electricity used in global manufacturing operations in 2023.

At key Ranger and Everest production facilities in South Africa and Thailand, solar power is vital in helping Ford achieve its goal. Indeed, Ford boasts the largest solar canopy carparks in Africa (Silverton Assembly Plant) and Thailand (Ford Thailand Manufacturing). Continued … 

Constant Energy Expands Solar Plant Management with Thai O&M Firm

Constant Energy, a leader in solar energy solutions across Southeast Asia, has announced an agreement with Solarcon, a leading Thai operations and maintenance (O&M) provider specializing in renewable energy.

Under this new agreement, Constant Energy will increase Solarcon’s management capacity by an additional 4.8 MW, bringing the total under their oversight to 7.8 MW when including projects added a year ago. Continued … 

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