“Bangkok Goals” endorsed at APEC senior officials’ meeting

13 Sept 18:01 Key points summarised by AI

Senior APEC officials successfully drafted a joint statement endorsing Thailand's proposed "Bangkok Goals" on BCG (Bio-economy, Circular Economy, Green Economy) after three days of meetings.
The Bangkok Goals concept, a key deliverable for APEC 2022, aims to accelerate APEC’s sustainability efforts and will be proposed for final endorsement at the APEC Summit.
This initiative emphasizes a holistic approach to sustainability, focusing on four key areas: climate action (including net zero emissions), sustainable trade and investment, resource management and biodiversity conservation, and resource efficiency and waste management.
The endorsement of the Bangkok Goals by 22 Asia-Pacific economies marks a significant achievement for Thailand, which first introduced the concept in December.

Thailand secures US$200m World Bank loan for clean energy and low carbon cities

Today 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).