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How far can Thailand’s ambitious BCG push go in the APEC community?

How far can Thailand’s ambitious BCG push go in the APEC community?

13 Sept 12:20 Key points summarised by AI
  • Critics argue Thailand's Bio-Circular-Green (BCG) economic model, promoted within APEC, primarily serves domestic conglomerates and is perceived as 'greenwashing' rather than fostering inclusive regional development.
  • The Thai government champions BCG as a crucial paradigm shift for a balanced, sustainable post-COVID recovery, aiming to commercialize the nation's biodiversity and cultural richness through technology.
  • Concerns are raised by environmental and biodiversity advocates about their exclusion from the BCG's implementation, which is dominated by government and big business, potentially leading to deregulation for resource extraction and land conflicts for carbon credit schemes.
  • Despite Thailand's efforts to embed BCG into APEC chair statements as the host, the model's specific adoption and future progress within the broader APEC agenda, particularly under subsequent hosts, remain uncertain.
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Economy 1/1
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