A growth-friendly and inclusive green transition strategy for Thailand

Kosuke Suzuki, Jens Matthias Arnold, Jean Chateau, Supatra Sripumphet and Wilailuk Poolee

No 1797, OECD Economics Department Working Papers from OECD Publishing

Abstract: This paper discusses Thailand’s green growth policy framework with a focus on finding the right policy mix and institutional setup. Given that the economy is in a process of catching up with advanced economies, particular emphasis will need to be placed on making the green transition conducive to economic growth and further improvements in living standards. Implementing Thailand’s current pledge to achieve carbon neutrality by 2050 and net zero emissions by 2065 will require substantial policy changes. While the expansion of natural gas use over the past years has helped Thailand to contain increases of carbon emissions, reversing the still rising emissions calls for a strong shift towards renewable energy sources. Thailand has already started these efforts. The use of biofuels has increased in road transport, and other renewable energy sources have also expanded. Investments into greener production technologies and a more responsible use of resources have received strong attention. However, most current initiatives are voluntary, which will not be sufficient to achieve the country’s climate goals. As Thailand is highly vulnerable to climate change risks, policies that promote adaptation to climate change will also play an important role.

Keywords: carbon pricing; energy efficiency; green growth; green innovation; renewable energy sources; Thailand (search for similar items in EconPapers)
JEL-codes: D58 H23 O38 O44 O53 Q48 Q58 (search for similar items in EconPapers)
Date: 2024-05-07
New Economics Papers: this item is included in nep-ene, nep-env and nep-sea
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1787/35b34175-en (text/html)

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:oec:ecoaaa:1797-en

Access Statistics for this paper

More papers in OECD Economics Department Working Papers from OECD Publishing Contact information at EDIRC.
Bibliographic data for series maintained by ().