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Role of banks in climate change future
Oped, Sarinee Achavanuntakul, Published on 22/01/2025
» On Jan 10, the World Meteorological Organization (WMO) announced that 2024 was the warmest year on record, likely the first year with a global mean temperature of more than 1C above the 1850-1900 average. Despite the alarming fact, the year 2025 is not off to a good start. The same week that WMO made that ominous announcement, JP Morgan became the sixth and latest bank in the United States to withdraw from the UN-backed Net Zero Banking Alliance (NZBA), following the earlier exits of Citigroup, Bank of America, Morgan Stanley, Wells Fargo, and Goldman Sachs -- all of which left since the start of last month.
Next steps for Thailand Taxonomy
News, Sarinee Achavanuntakul, Published on 09/09/2024
» As demands for climate finance increase with the tangible impacts of climate change, people increasingly look to the government and various regulators to establish and upgrade a more effective combination of rules, regulations and market-based mechanisms to spur investments at a scale that is commensurate to our needs.
No sign of a 'just' energy transition
News, Sarinee Achavanuntakul, Published on 10/07/2024
» As multiple impacts of climate change become more severe worldwide, including in Thailand, the need for an energy transition becomes ever more paramount. To that end, the latest draft of the Power Development Plan (draft PDP2024), which was unveiled in June, is touted by the Ministry of Energy as being consistent with Thailand's goals of reaching carbon neutrality by 2050 and net zero by 2065 -- goals that already lag behind those of most countries.