Private sector engagement and investment are key to achieving Thailand’s climate goals. ONEP and GIZ join forces to mobilize key stakeholders.webadminSeptember 28, 2018
Private sector engagement and investment are key to achieving Thailand’s climate goals. ONEP and GIZ join forces to mobilize key stakeholders.
Paradigm shifting requires all hands on deck. GIZ and ONEP invited representatives from both private and public sectors to address investment opportunities and barriers and identify potential sectors for working with and through private sector. Photo: GIZ/Anusara Tanpitak
To build a low-carbon, climate resilient future is a task that cannot be carried by the public sector alone. Private sector actors have, in fact, a vital role to play: from providing access to new technologies, products and services, to channeling their energy and investments towards sustainable solutions. A recent workshop was held with the aim to map investment opportunities and barriers in key sectors for accessing the Green Climate Fund (GCF), and to put forward policy recommendations for overcoming the barriers.
As National Designated Authority (NDA) of the Green Climate Fund (GCF), The Office of the Natural Resources and Environmental Policy and Planning (ONEP), together with GIZ and the Creagy, organised a stakeholder engagement workshop on 28 September in Bangkok. The event, titled “Selecting Potential Sectors for Mobilising Private Sector Investment with Green Climate Fund Support”, aimed to enhance knowledge and understanding of the GCF of key private sector actors, together with the opportunities for the private sector to access the Fund. All participants were active in sector of high relevance for mitigation and adaptation efforts. Stakeholders were then asked to assess potential areas, investment opportunities, barriers, and financial instruments needed in each focused sector.
The workshop focused on 8 sectors cross-cutting both mitigation and adaptation, namely industry, agriculture, waste management, transport, tourism, land use, human settlement and public health. Four of these will be selected for in-depth analysis and for which policy recommendations will be put forward.
On 28 September, ONEP, GIZ and the Creagy organized a workshop in Bangkok to enhance knowledge about the Green Climate Fund (GCF) and to identify sectors with potential
for effective private sector engagement with the GCF in tackling climate change.
To build a low-carbon, climate resilient future is work of huge proportions that cannot be addressed by the public sector alone. Both the public and private sector organisations have a vital role to play.