Reviews of Low Carbon Scenarios, Carbon Neutrality, and Net Zero Emissions in Thailand: Impacts on Greenhouse Gas Emissions and the Macroeconomy

Kannika Thampanishvong () and Bundit Limmeechokchai
Additional contact information
Kannika Thampanishvong: Thailand Development Research Institute (TDRI) Bangkok, Thailand
Bundit Limmeechokchai: Sirindhorn International Institute of Technology Thammasat University Pathum Thani, Thailand

Asian Economic Papers, 2023, vol. 22, issue 3, 24-45

Abstract: Long-term shifts in temperatures and weather patterns result in global climate change. Human activities that burn fossil fuels such as coal, oil, and natural gas have been identified as the main driver of climate change. The extreme weather events, especially floods and droughts, have already caused severe economic impacts. These impacts will continue to intensify unless transformative and holistic adaptations are put in place. The Paris Agreement under the United Nations Framework Convention on Climate Change (UNFCCC) aims at keeping a global temperature rise this century well below 2° Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5° Celsius. To achieve the targets, balancing between anthropogenic greenhouse gas (GHG) sources and sinks needs strong efforts and long-term low emissions development strategies of the participating countries. Thailand's long-term low GHG emissions development strategy (LT-LEDS) submitted to UNFCCC in 2022 included national adaptation and economy-wide GHG mitigation in the energy, industrial processes and product use, waste, agriculture and land use, land-use change and forestry sectors, and international supports needed to meet the net zero emissions targets. Thus, this paper reviews several low-carbon development strategies in Thailand to meet the targets of carbon neutrality and net zero emissions. The impacts of LT-LEDS include GHG emissions reduction and the macroeconomic impacts. Results of several low-carbon development strategies in Thailand show that achieving the nationwide carbon neutrality and net zero GHG emissions is possible; but all feasible options and measures need to be implemented immediately.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1162/asep_a_00869
Access to PDF is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tpr:asiaec:v:22:y:2023:i:3:p:24-45

Ordering information: This journal article can be ordered from
https://mitpressjour ... rnal/?issn=1535-3516

Access Statistics for this article

Asian Economic Papers is currently edited by Wing Thye Woo, Sungbae An, Fukunari Kimura and Ming Lu

More articles in Asian Economic Papers from MIT Press
Bibliographic data for series maintained by The MIT Press ().