Article

The Industrial Estate Authority of Thailand (IEAT) has obtained a $100 million loan from the World Bank to promote low-carbon industrial hubs in Thailand. This funding is part of a $200 million initiative aimed at decarbonizing heavy industry and enhancing Thailand's position in the global carbon credit market. Pilot projects at Map Ta Phut and Laem Chabang are expected to reduce CO2 emissions by 2.33 million tonnes while preparing local exporters for the EU's Carbon Border Adjustment Mechanism.