The Asian Development Bank (ADB) has signed a 1.5 billion Thai baht (US$47.62 million) green loan to finance renewable energy projects and a nationwide electric vehicle charging network in Thailand. …
It is the first climate loan in Thailand to be certified by the Climate Bond Initiative, which administers the international Climate Bond Standards and Certification Scheme. The loan will finance the Nakornsawan Solar and Hanuman Wind power plants, and deploy fast and standard chargers at charging stations across the country. Thailand aims to be a regional leader in electric vehicles to reduce greenhouse gas emissions from conventional transportation, which currently accounts for around 26 per cent of the country’s total annual emissions.