Thai Road To COP 26 : NDC, Climate Change Bill & Green Finance

Ahead of COP 26, Thailand is making good progress in the process of enacting its first law directly targeting climate change and its commitment to meet the Paris Agreement goals. On October 20, 2020, the country submitted its NDC to the UNFCCC secretariat and on March 1st, 2021, Thai Deputy Prime Minister Prawit Wongsuwan has approved the Climate Change Bill. The bill should be submitted to the Parliament shortly. The Green Fund has also allocated USD 300 million to green infrastructure projects in South East Asia which will benefit Thailand.

Nationally Determined Contribution (“NDC”)

Thailand intends to reduce its GHG emissions, unconditionally, by 20% from the projected business-as-usual level by 2030 and conditionally by 25% subject to enhanced access to green technology development, financial resources and capacity building.