Thailand Times: Financing Gaps and Sustainable Finance Development Journey in Thailand
Channel: Asian Development Bank
Date: 2023-03-29

While moving forward to achieve its strategy 4.0, Thailand was ranked 9th by the Global Climate Risk Index for countries most affected by climate change. Climate change mitigation and climate financing are very crucial and among the country’s top priorities.

ADB’s country programing strategy for Thailand is aligned with the Government’s focus on promoting a green and climate resilient economy with its net zero commitments. Positioned as a climate bank, ADB introduced innovative financing including green bond, provided technical support in mobilizing capital and identifying priority sectors or priority projects particularly bio-circular-green or strategy 4.0 areas, and enhanced capacity development both at national and sub-national levels contributing to the sustainable finance development in Thailand.

Through the ASEAN Catalytic Green Finance Facility (ACGF), a sustainable development journey of one country could be shared and replicated among ASEAN member countries. The top three key learnings include capacity development of institutions, awareness and knowledge building, and simple demonstration. Capacity and knowledge could lead to projects while a demonstration project could lead to a lot of replications.

Chapters:
0:00 - ADB's support on sustainable finance development in Thailand 
0:10 - Financing Gaps and Sustainable Finance Development Journey in Thailand 
1:16 - ADB's work and role in helping Thailand transition to Thailand 4.0
5:17 - ADB’s support to Thailand on financial resources and technical knowledge for climate mitigation and adaptation
8:47 – Top three key learnings for sustainable finance development for all countries

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