IEAT looks to BCG to meet net-zero goal

IEAT looks to BCG to meet net-zero goal

Mr Veeris Ammarapala giving a keynote speech at the 49th anniversary of the IEAT.
Mr Veeris Ammarapala giving a keynote speech at the 49th anniversary of the IEAT.

The Industrial Estate Authority of Thailand (IEAT) is determined to use the bio, circular and green (BCG) economic model to direct industrial investments and operations in a move to help Thailand achieve a net-zero goal.

BCG, which encourages manufacturers to use production techniques to add value to products with minimal or no impact on the environment, is viewed as a key measure to support carbon dioxide reduction campaigns.

The net-zero goal is aimed at making a balance between greenhouse gas emissions and absorption. Prime Minister Prayut Chan-o-cha earlier announced Thailand wants to achieve the net-zero target within 2065.

"Both BCG and net-zero campaigns can be adopted to drive the economy, with more focus on a balance between economic development and environmental protection," said Veeris Ammarapala as he marked the 49th anniversary of the IEAT with an aim to build a sustainable future.

The IEAT's move followed the 26th UN Climate Change Conference of the Parties, known as COP26, in Glasgow last month, when worries over global warming were highlighted and the international community vowed to take serious action to deal with climate change.

"Thailand is facing many challenges, including the Covid-19 pandemic and economic slowdown. The IEAT believes if BCG is used to direct investments and industries, Thailand can achieve economic sustainability," said Mr Veeris.

The IEAT is promoting environmentally friendly industrial operations in the Eastern Economic Corridor, which will turn parts of Chon Buri, Rayong and Chachoengsao into a high-tech industrial hub.

The Smart Park project in Rayong will not only be developed to serve S-curve industries but also promote use of zero-emission vehicles as well as modern technologies for better energy management.

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