The Global Green Growth Institute (GGGI) joined forces with the Office of Natural Resources and Environmental Policy and Planning (ONEP), the Ministry of Natural Resources and Environment, to develop a green investment plan for Thailand’s food industry aiming to enhance the industry’s competitiveness, reduce greenhouse gas emissions and ensure sustainable development.
Compared to other industries, the food industry is the largest manufacturing sector in Thailand, having the highest number of factories and workforces. The industry contributes up to 822.94 billion baht or 22.73% of the gross domestic product (GDP). Manufacturing processes of these products involve over thousands of factories and plants of all sizes, over 10 million population in the agricultural sector and many others in the supply chains. The industry also listed among three industrial sectors contributing the highest benefits to the country.
A one-day workshop ‘Advancing Thailand’s access to Green Climate Fund’ was held to provide food manufacturers and SMEs investment and financing opportunities as well as access to potential funding sources essential for overcoming gaps of green project development. The event was well attended by representatives from food manufacturers, banking sectors and government authorities.
The Green Climate Fund, established by 194 state governments and pledged by advanced economies to jointly mobilize USD 100 billion per year by 2020, will help empower capacity and readiness among lower to middle income countries including Thailand to access available financial resources that will benefit food manufacturers to develop green growth, clean energy and energy efficiency-related projects in the long run.
Original source: GGGI
Published on 27 November 2018