Green incubator project aims to mitigate effects of climate change


The National Economic and Social Development Council (NESDC) in collaboration with the Asian Development Bank (ADB) recently launched the Thailand Green Incubator project in a bid to further promote the bio-circular-green (BCG) economy in Thailand.

The NESDC and ADB’s office in Thailand will together design environmental development and climate change operational plans to be implemented from 2023 to 2026, the council’s secretary-general Danucha Pichayanan told the Nation on Wednesday, adding that the programme could be extended if necessary.

The project will help fulfill the country’s goal of achieving carbon neutrality in 2050 and net zero emissions in 2065, he added.

The Thailand Green Incubator initiative will also select viable green development projects from partners that focus on nature rehabilitation, the blue economy, and biodiversity promotion, as well as identify sources of funding besides the government support for these projects.

Green incubator project aims to mitigate effects of climate change

Danucha said that under the project, the ADB has agreed to share its best practices at the regional level for the improvement of Thailand’s policies, measures, and regulations through study tours to ADB’s headquarters in Manila, the Philippines.

He added that collaboration between NESDC and ADB under Thailand Green Incubator project will cover eight main areas: Impact of low carbon economy on Thailand’s macro economy; restructuring SMEs to be more environmentally friendly; finding suitable indicators to evaluate national strategy and master plans; development of green jobs; maximising accessibility of green infrastructure and services; developing a model city that can withstand climate change; promoting local communities to be a champion of carbon offset services; and evaluating the government’s green projects.