Thailand’s Ministry of Finance outlined progress on financial and market mechanisms designed to expand clean energy investment and carbon credit trading, following discussions between Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas and World Bank Group President Ajay Banga at the 2026 annual meetings of the International Monetary Fund and World Bank Group. The approach combines public guarantees, international financing, private capital and carbon market infrastructure to support Thailand’s transition to a low carbon economy. Under the Low Carbon Cities and Carbon Market Development program, the World Bank is providing a USD 200 million loan to the Export-Import Bank of Thailand, guaranteed by the Ministry of Finance. The funding will support energy service companies investing in clean energy and energy efficiency improvements to public assets. Krung Thai Bank will help aggregate, verify and monetize emissions reductions, connect qualifying credits with domestic and international buyers, and support pricing aligned with international standards. The ministry also reported progress on three related collaborations. Krung Thai Bank and the Department of Climate Change and Environment are studying financing and carbon market mechanisms to help businesses, particularly small and medium-sized enterprises, adapt to new technologies and standards. Krung Thai Bank and the Stock Exchange of Thailand are developing credit aggregation, auction and price discovery arrangements, while several companies have expressed interest as future buyers. A separate partnership involving PTT, Krung Thai Bank and the department is developing blended finance for the I-SPARK low carbon industrial platform in Map Ta Phut and Rayong, including potential links to the program’s carbon credit mechanisms.

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