Thailand Climate Agency Secures World Bank Grant for Carbon Pricing
Thailand’s Climate Department has secured a grant of over 80 million baht from the World Bank to develop carbon pricing mechanisms and support its long‑term Net Zero 2050 strategy. The funding, finalized at the IMF‑World Bank Annual Meetings, will back two projects focused on market implementation and climate‑strategy modeling. Officials say the grant is vital for a just transition to a low‑carbon economy while maintaining competitiveness.
During the IMF–World Bank Group Annual Meetings 2026 held on October 14, 2026, Thai officials held bilateral talks with Mr. Jamie Fergusson, Director for Climate at the World Bank, and Ms. Julia M. Fraser, Regional Practice Director for Planet, East Asia and Pacific. The discussions resulted in a grant agreement worth approximately 81.6 million baht (about 2.4 million US dollars) for two initiatives. The first, the Partnership for Market Implementation (PMI), receives around 68 million baht (2 million USD) to study and design carbon pricing instruments, develop suitable policy tools and economic mechanisms for Thailand’s context, support greenhouse‑gas reductions, and facilitate the business sector’s shift toward a low‑carbon economy in preparation for future legislation. The second, Thailand’s Long‑Term Climate Strategies (LTS), receives roughly 13.6 million baht (0.4 million USD) to develop and apply economic models that analyze pathways to achieve the country’s Net Zero ambition, alongside investment planning for sustainable development.
