Thailand, as one of the most climate-vulnerable countries in the world, faces significant climate and health risks despite contributing less than one percent of global emissions. Its capital city, Bangkok, is grappling with rising sea levels, record heat and deteriorating air quality due to its geography.

The country of over 70 million recently pledged to reduce its greenhouse gas emissions by 40 percent by 2030, but it faces an uphill task due to its heavy reliance on fossil fuels, particularly oil and natural gas. Renewable energy currently accounts for 17 percent of total energy generated, with the government targeting to raise this to 50 per cent by 2050.

Thailand has launched a range of sustainable finance initiatives, including introducing a taxonomy last year, to pivot the Thai financial system towards sustainability and to finance the country’s economic transition. What role will the private sector play in this new evolving landscape? How will the country manage its financial risks stemming from climate change, environmental degradation, governance and social issues?

Register now to join the conversation at Unlocking capital for sustainability Thailand on 25 November 2024! Seta is an outreach partner for this event.