Thailand partners with Krungthai Bank for Net Zero transition

Thailand's Department of Climate Change and Environment has signed two Memorandums of Understanding (MOUs) to drive the nation toward a low-carbon economy and its Net Zero 2050 goal. A key component of this initiative is a partnership with Krungthai Bank, which has provided an initial 20 million baht in funding to support the development of the ‘Thailand Just Transition Roadmap’.

The roadmap aims to create a ‘Just Transition’ that ensures the shift to green industries does not leave vulnerable groups behind. This includes providing financial and technological support for SMEs, farmers, laborers, and local communities to adapt to changing global trade regulations. The initiative focuses on sectors such as energy and transportation, aiming to balance greenhouse gas reduction with economic competitiveness and the creation of green jobs.