CHONBURI, THAILAND, December 3, 2020 – Thailand Greenhouse Gas Management Organization (Public Organization) or TGO in collaboration with the World Bank, under its Partnership for Market Readiness (PMR) program,  held a seminar entitled, “Intensive Capacity Building in Internal Carbon Pricing and Green Finance for Key Stakeholders of GHG mitigation in Thailand” to showcase how six leading Thai organizations can pioneer the adoption ofInternal Carbon Pricing (ICP) and green finance mechanisms as well as demonstrate their leadership to other industries in the Eastern Economic Corridor (EEC) in Thailand to curb emissions.

          Under the PMR program, six leading companies in Thailand, including Gulf Energy Development PCL (Gulf) , Global Power Synergy PCL (GPSC), PTT Global Chemical PCL (GC), Siam Cement Group PCL (SCG), IRPC PCL (IRPC) and Frasers Property Industrial (Thailand), received technical and capacity building support from the World Bank, TGO, The Creagy Co., Ltd. and Carbon Trust to design various ICP approaches, conduct a stress-test on climate risks and develop climate action strategies to drive low carbon investment.

          Internal carbon pricing (ICP) is one of the carbon pricing instruments applied by public and private sector stakeholders, such as government agencies, enterprises, financial institutions, educational institutions, etc., to assess and evaluate the potential impacts, including risks and opportunities, of carbon emissions on their businesses and activities.