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UNDP urges global action on green transition at ESG Symposium 2024

13 Sept 09:27 Key points summarised by AI

UNDP at the ESG Symposium 2024 called for urgent global action on an inclusive green transition, emphasizing ambitious climate pledges, sustainable investments, and a fundamental shift in measuring progress.
Niamh Collier-Smith of UNDP highlighted the upcoming 10th anniversary of the Paris Climate Accord as a critical moment, urging countries to enhance climate action, redirect investments from fossil fuels, and adopt the Planetary Adjusted Human Development Index.
The symposium showcased Thailand's efforts in sustainable finance and presented key recommendations to the government for a low-carbon transition, focusing on unlocking regulatory barriers, promoting green finance, and upgrading technology and infrastructure.
Thailand's Minister of Digital Economy and Society affirmed the government's commitment to consider and implement these proposals to support the nation's economic and social transition towards balanced and sustainable growth.

Today 14:58 Key points summarised by AI

Thailand's government will launch the "Chainat-Pasak-Gulf" water diversion canal project in fiscal year 2027, a seven-year mega-infrastructure initiative.
This permanent structural solution aims to mitigate recurrent central plains flooding by diverting water from the Chao Phraya River directly into the Gulf of Thailand, significantly reducing flow to major cities like Ayutthaya and Bangkok.
Prime Minister Anutin Charnvirakul justifies the long-term investment as a means to reduce future damages and fiscal burdens, contrasting it with the 40-50 billion baht spent annually on short-term flood relief.
Concurrently, the Prime Minister instructed officials to expand drainage capacity into the Tha Chin River and swiftly remove water hyacinths to improve immediate flood management.