IEAT Secures $100M World Bank Loan for Thailand's Green Industrial Initiative
The Industrial Estate Authority of Thailand (IEAT) has obtained a $100 million loan from the World Bank to promote low-carbon industrial hubs in Thailand. This funding is part of a $200 million initiative aimed at decarbonizing heavy industry and enhancing Thailand's position in the global carbon credit market. Pilot projects at Map Ta Phut and Laem Chabang are expected to reduce CO2 emissions by 2.33 million tonnes while preparing local exporters for the EU's Carbon Border Adjustment Mechanism.
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The Industrial Estate Authority of Thailand (IEAT) has secured a $100 million loan from the World Bank to support the development of low-carbon industrial hubs. This funding is part of a broader $200 million initiative focused on decarbonizing heavy industry and positioning Thailand in the global carbon credit market.
Pilot schemes at the Map Ta Phut and Laem Chabang industrial estates aim to cut 2.33 million tonnes of CO2 emissions, while also preparing Thai exporters for the EU's Carbon Border Adjustment Mechanism. The initiative involves collaboration with multiple national agencies and the World Bank to enhance green infrastructure.
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