2025-01-17
Thailand is strengthening its commitment to sustainable development through a strategic partnership with the World Bank, aiming to create climate-resilient cities and promote low-carbon initiatives that can serve as a model for other countries in the region.
During a meeting between Thailand’s Deputy Prime Minister and Melinda Good, World Bank Country Director for Thailand and Myanmar, several important issues were discussed. Among the top priorities were sustainable urban development, water management, and measures to combat coastal erosion. The initiative aims to strengthen the nation’s preparedness to face climate challenges while creating new economic opportunities.
Focus on climate and sustainability
Thailand is committed to reducing carbon emissions and investing in green infrastructure. One of the key elements of the partnership is the development of low-carbon cities, which can help reduce energy consumption and improve the quality of life for residents. The World Bank plans to help Thailand take advantage of international opportunities for carbon credit trading, which can give the country a stronger position in the global green economy.
In addition, the cooperation has a clear focus on water management, with flooding and wastewater management being key issues. Thailand also wants to reduce coastal erosion by implementing innovative financing models based on successful examples from other countries.
Creating new opportunities
The initiatives also include engaging local communities in development plans, which helps reduce negative environmental impacts while promoting social inclusion. By combining local engagement with technical expertise, Thailand hopes to create a model for sustainable development that can be implemented throughout Southeast Asia.
Thailand and the World Bank cooperation
- Goals:
- Strengthen resilience to climate change.
- Develop sustainable and low-carbon cities.
- Improve water management and reduce coastal erosion.
- Key initiatives:
- Trading carbon credits on international markets.
- Involve local communities in decision-making processes.
- Create innovative solutions for water management and wastewater treatment.
- Expected results:
- Reduced carbon emissions.
- Improved quality of life in urban areas.
- Increased economic growth through green financing.
Text: The editorial staff
Image license: viarami, Pixabay, original image