Known officially as the Kingdom of Thailand, Thailand has implemented both an ambitious target to increase renewable resources to 20 percent from the current eight percent and incentivised mechanisms to drive the 15 year (2008-2022) Renewable Energy Development Plan (REDP).
Thailand’s five key energy strategies include:
1. Energy security
2. Renewable energy as a national agenda
3. Affordable energy price
4. Energy efficiency
5. Climate change and protecting the environment
Market Drivers
Thailand has an over-reliance on natural gas supply making up 73.1 percent of the country’s power generation as a fuel stock. Natural gas reserves stood at 12.7 trillion cubic feet in 2010.
At the current output of 3 billion cubic feet per day, Thailand has reserves to production ratio of 11.6 years. With diminishing domestic supply of indigenous sources of oil and gas, Thailand’s clean technology drivers include:
• Committed to the development of a low carbon society
• Encouraging private led investment
• Government funding on research and development
Market Potential
Opportunities and synergies in clean technology exist for New Zealand in the following areas:
• Waste/ biomass to energy
• Biogas
• Wood fuels
• Municipal Solid Waste
• Green construction
• Collaborative research and development
• Clean development Mechanism (CDM)
