Given the increasing climate challenges, this report updates Thailand’s BCG model for current circumstances. We call it BCG+. The report uses advanced modeling and other cutting-edge analytics to take a whole-of-the-economy perspective so that BCG+ is assessed within the context of broader economic development. Beyond environmental concerns, Thailand’s economic risks, tied to global trends and its reliance on tourism, necessitate a revised development model. The BCG+ economy could mitigate these exposures by reducing reliance on global commodity prices and enhancing economic resilience. By integrating measures on climate resilience, sustainable resource management, and inclusivity in its development strategy, Thailand can work towards achieving its vision of a BCG economy.
Authors
- Citation
- “ Mani, M. ; Pollitt, H. . 2024 . Towards a Green and Resilient Thailand . © Washington, DC: World Bank . http://hdl.handle.net/10986/42397 License: CC BY-NC 3.0 IGO . ”
- Collection(s)
- Other Environmental Study
- DOI
- https://doi.org/10.1596/42397
- Identifier externaldocumentum
- 34414581
- Identifier internaldocumentum
- 34414581
- Pages
- 18
- Published in
- United States of America
- Region country
- Thailand
- Report
- 194442
- Rights
- CC BY-NC 3.0 IGO
- Rights Holder
- World Bank
- Rights URI
- https://creativecommons.org/licenses/by-nc/3.0/igo
- UNIT
- EAP ENR PM 2 (SEAE2)
- URI
- https://hdl.handle.net/10986/42397
- date disclosure
- 2024-11-11
- region administrative
- East Asia and Pacific
- theme
- Forests Policies and institutions,Mitigation,Infrastructure Finance,Data Development and Capacity Building,Economic Policy,Green Growth,Economic Growth and Planning,Environment and Natural Resource Management,Finance for Development,Finance,Public Sector Management,Biodiversity,Oceans,Environmental policies and institutions,Climate change,Adaptation,Data production, accessibility and use,Spatial Growth,Renewable Natural Resources Asset Management
Files
Table of Contents
- TOWARDS A GREEN AND RESILIENT THAILAND 1
- Muthukumara Mani and Hector Pollitt 1
- TOWARDS A GREEN AND RESILIENT THAILAND 3
- Muthukumara Mani and Hector Pollitt 3
- INTRODUCTION 5
- Thailand has made significant progress in its economic development transitioning from a low- income to an upper-middle-income country. 5
- The government has outlined its vision for a Bio-Circular-Green BCG economy to create a sustainable and competitive economic landscape to tackle these challenges. 5
- The depletion of natural resources along with environmental degradation further exacerbate the challenges faced by Thailand. 5
- Given the increasing climate challenges this report updates Thailands BCG model for current circumstances. 5
- THE BCG TRANSITION 6
- Transitioning to a BCG economy requires contributions from all sectors of society with a focus on sector-specific characteristics. 6
- The transition offers macro-level opportunities showcasing potential benefits like increased economic welfare higher incomes and enhanced employment levels. 6
- METHODOLOGY 6
- Macro-level and sectoral modeling tools can identify the whole-economy effects of the BCG challenge. 6
- The report applied a suite of advanced modeling tools. 6
- KEY FINDINGS 7
- Figure ES1. 7
- Impact of different categories of climate damages on GDP 7
- The report also explores the severe economic implications of approaching ecological tipping points such as excessive deforestation and flooding. 7
- Figure ES2. 8
- Impact of policy interventions to safeguard wealth 8
- The report highlights that climate change could significantly affect Thailands economy especially through increased flood damage and sea-level rise. 8
- A successful transition to a circular economy by 2030 could lead to a 1.0 percent increase in GDP and the creation of 160000 jobs. 8
- Figure ES3. 9
- GDP and Employment impact of carbon taxes 9
- FOCUS AREAS AND RECOMMENDATIONS 9
- Adaptation is a major focus. 9
- The studys modeling informs key policy recommendations for climate adaptation in Thailand. 9
- Mitigating climate change is also crucial. 9
- The roles of the public and private sectors in achieving carbon neutrality are distinct yet interconnected. 10
- Embracing a circular economy is vital particularly for addressing plastic waste in the Chao Phraya River. 10
- Table ES1. 10
- Priority Adaptation Actions 10
- Table ES2. 12
- Priority Mitigation Actions 12
- Table ES3. 15
- Priority Circular Economy Actions 15
