Evolutionary game theory is useful to devise strategies for real-life situations such as international negotiations and ecological crises, where players are unequal, and choices are complex.
As Asean's first government to issue a sustainability-linked bond, Thailand could innovate further by linking fixed income instruments to decarbonisation using "transition linkers". Yet this must be matched by policy credibility.
To accelerate the retirement of coal, we need a scalable incentive framework that offers equitable participation and fair distribution of costs and benefits.