Thailand's Net Zero 2050 Strategy: Balancing Energy Trilemma in Power Generation
Thailand aims for net-zero emissions by 2050, with the power generation sector contributing 38% of total emissions by 2024. The energy trilemma—sustainability, security, and affordability—will be critical as the nation transitions to renewable energy technologies, impacting electricity costs and competitiveness.
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Thailand's transition to net-zero greenhouse gas emissions by 2050 hinges on the power generation sector, which will be the largest source of emissions by 2024. The Energy Trilemma Index (ETI) outlines the balance needed among sustainability, energy security, and affordability.
Renewable energy's share is projected to rise from 23% in 2025 to 58% by 2050, while coal use will cease. As costs for electricity generation are expected to rise due to new technologies, the government must mitigate impacts on living costs and business expenses.
Strategies include increasing domestic fuel supply and optimizing renewable energy procurement. Adopting Battery Energy Storage Systems (BESS), smart grid technologies, and demand response initiatives will enhance grid stability. The successful implementation of these strategies is essential for maintaining competitiveness in the ASEAN region.
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