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Thailand-Australia Free Trade Agreement (TAFTA)
The Thailand-Australia Trade Agreement is a comprehensive free trade and economic agreement, which notably provides for the elimination of border tariffs for :Electric generation equipment Mechanical equipment including pumps, appliances, and other advanced machineryElectric motors, transformers, batteries, and capacitorsMotor vehiclesMineral ore and processed products including graphite, manganese, copper, aluminum, and nickelVarious products manufactured using above minerals and metals such as sheets, powders, bars, and platesPhotovoltaic cellsUnder the rules of origin delineated in the Agreement, goods may benefit from preferential tariff treatment if wholly obtained or produced in one of the signatory countries, having undergone a production process in one of…
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Thailand-Korea Economic Partnership Agreement (EPA)
Negotiations for a free trade agreement between Thailand and Korea officially started on March 28 2024, with the signature of a Thailand - Korea economic partnership agreement (EPA). Energy sector products likely to be covered are: Refined petroleumElectrical circuit boardAluminium productsIronSteel and its productsElectrical circuit board
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Thailand and the European Free Trade Association (EFTA)
Thailand and the European Free Trade Association (EFTA) which comprises of Switzerland, Norway, Iceland and Liechtenstein were negotiating the terms of a Free Trade Agreement since 2006. Related energy products include but not limited to iron, steel and car components.
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Thailand-Sri Lanka FTA
On 3 February 2024, Thailand and Sri Lanka signed a Free Trade Agreement (FTA) aimed at expanding market opportunities. The negotiations covered key areas such as Trade in Goods, Investment, Customs Procedures, and Intellectual Property Rights. Both nations identified renewable energy as a significant investment opportunity. The agreement also includes the most energy sectors including ores, iron, steel, lithium-ion, and photovoltaic cells. Rules of origin apply which qualify - Good that is wholly obtained or produced entirely in the Party, - Good produced from non-originating materials in the Party, provided that the qualifying value content of not less than 40…
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Thailand long-term low emission development strategy - coal phase-out
In its long-term strategy (LT-LEDS) submitted to the UNFCCC, Thailand set a timeline to reach carbon neutrality by 2050 and climate neutrality by 2065.This strategy includes a phase-out of coal in the electricity sector by 2050.
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First NDC of Thailand
Thailand aims to reduce its GHG emissions by 20% relative to a business-as-usual trajectory by 2030, or up to 25% by the same year, conditional on the provision of international support.
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Revised/Updated NDC of Thailand
Thailand aims to reduce its GHG emissions by 20% relative to a business-as-usual trajectory by 2030, or up to 25% by the same year, conditional on the provision of international support.
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Thailand Alternative Energy Development Plan (AEDP 2015-2036)
The Alternative Energy Development Plan (AEDP 2015-2036) increases targets for installed alternative energy to 19.635 MW in 2036.
Target’s capacity split is:
2035 alternative energy capacity split for 2035 in MW
Waste
Biomass
Biogas
Hydro
Wind
Solar
Energy crops
Total (MW)
2014 Capacity
48
2.199
226
3.016
220
1.570
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7.279
Targets for 2035
501
5.570
600
3.282
3.002
6.000
680
19.635
Renewable energy composition in energy consumption will increase to 20% in 2036. -
Cost of Capital Observatory Dashboard
…India, Indonesia, Mexico, and South Africa – but also conducted additional efforts to gather data on countries including Viet Nam, Senegal, Kenya, Malaysia, the Philippines and Thailand, although the data points for these countries were comparatively fewer. We also widened the scope to include utility-scale batteries, offshore wind and hydroelectricity power, in addition to solar PV and gas power projects. In the latest survey update in 2025 we asked for WACC data of projects taking final investment decision (FID) from 2021 onwards. An analysis of the latest data can be found in this commentary. The cost of capital is expressed…
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Southeast Asia Energy Outlook 2024 Executive summary
…Cambodia, Lao PDR, Malaysia, Singapore and Viet Nam have set a target date of 2050; Indonesia of 2060; and Thailand of 2065. While momentum is building for clean energy transitions across the region, far greater efforts are needed to get on track for these national goals, which would mean cutting today’s emissions by almost two-thirds by 2050. Aligning with the targets agreed at COP28 and achieving global net zero emissions by mid-century would demand an even faster transformation in Southeast Asia.At a time of heightened geopolitical tensions, energy security and affordability remain top priorities for Southeast…
