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THAILAND'S COMMITMENT
To The Paris Agreement And Net Zero 2050
Thailand has committed to reducing its greenhouse gas (GHG) emissions by 20% by 2030 compared to business-as-usual levels, with the potential to increase this reduction to 25% with international support, in alignment with the Paris Agreement. A key focus of Thailand’s climate strategy involves enhancing energy efficiency across its government and commercial buildings, which are significant contributors to the nation’s energy consumption and carbon emissions.
However, Thailand faces challenges such as outdated infrastructure and financial constraints that limit the adoption of energy-efficient technologies. ESCO Financial helps Thailand overcome these challenges through its Energy Efficiency-as-a-Service (EEaaS) model, which provides the capital necessary to upgrade critical energy systems. This includes modernizing HVAC units, boilers, chillers, smart controls, motors, compressors, air handling units, and lighting systems, leading to substantial reductions in energy consumption and GHG emissions.
The International Performance Measurement and Verification Protocol (IPMVP) is essential in ensuring that Thailand’s energy efficiency measures result in measurable carbon reductions. By applying IPMVP, Thailand can demonstrate the effectiveness of its initiatives, supporting its Paris Agreement commitments and attracting further international investment.
Thailand also faces challenges in managing waste, particularly in reducing methane emissions from landfills. ESCO Financial’s Waste-to-Energy-as-a-Service (WtEaaS) model provides a sustainable solution by converting waste into energy, reducing landfill reliance, and aligning with Thailand’s Paris Agreement goals. This approach accelerates Thailand’s progress toward achieving Net Zero by 2050, contributing to both environmental sustainability and energy generation.
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