A closer look at how these ‘energy transition’ deals are backed reveals gaps in the lending policies of banks in the Mekong subregion. A 1,460-MW dam, now under construction near the Luang Prabang UNESCO World Heritage Site, will see all its electricity sold to Thailand, but critics have pointed out that the nation is facing an oversupply of energy.
Some startups have had to trade clean energy on a smaller scale “behind-the-meter” without the support of government policies. A key barrier is Thailand's centralised energy system which is in need of a reform, say experts.
The Thailand Taxonomy, now under development, should be integrated into disclosure regulations and these reporting rules need to be made mandatory, say financiers and experts at the inaugural Unlocking capital for sustainability Thailand forum.