About the OECD Framework Implementation in Thailand
The OECD, the Government of Thailand and the National Economic and Social Development Council (NESDC) are collaborating on an industry decarbonisation project focusing on the petrochemicals and the plastics value chain. The project builds on the implementation of the OECD’s Framework for industry’s net-zero transition, which is a step-by-step approach to assist EMDEs in designing solutions for financing and for improving the enabling conditions for industry’s net-zero transition.
Over the past three years, the project has convened a wide range of stakeholders, including various Ministries and national agencies, industry, financial stakeholders, academia and research, as well as international organisations.
This event marked the final stage of the implementation of the OECD Framework in Thailand and the official launch of the OECD report on "Implementing the OECD Framework for Industry’s Net-Zero Transition in Thailand: Decarbonising the Petrochemical Sector and Plastics Value Chain". The event gathered around 100 representatives from Thailand’s government, industry, finance stakeholders, development partners, international organisations, think tanks and academia.
The report provides a series of recommendations to foster finance and investment in three low-carbon options: bioethanol to bio-ethylene, bio-based and biodegradable plastics and carbon capture and storage (CCS). The key conclusions and policy recommendations were presented, setting the stage for discussions on how to foster implementation. Furthermore, two stakeholder sessions discussed domestic and international experiences, sharing best practices and key success factors for driving investments in bioplastics and CCS projects.