Implementing the OECD Framework for Industry’s Net‑zero Transition in Thailand

Abbreviations and acronyms

ABS	Acrylonitrile Butadiene Styrene
ADB	Asian Development Bank
AEDP	Alternative Energy Development Plan
APT	ASEAN Plus Three
ASEAN	Association of Southeast Asian Nations
BCG	Bio-Circular-Green Economy
BDO	1,4 butanediol
Bio-PE	Bio Polyethylene
BOI	Board of Investment
BOT	Bank of Thailand
BTX	Mixed xylene
CAGR	Compounded Annual Growth Rate
CAPEX	Capital Expenditures
CBAM	Carbon Border Adjustment Mechanism
CCfD	Carbon Contracts for Difference
CC(U)S	Carbon Capture (Utilisation) and Storage
CEFIM	Clean Energy Finance and Investment Mobilisation
CEM	Clean Energy Ministerial
CFP	Carbon Footprint of Product
CFR	Carbon Footprint Reduction Label
CIF	Climate Investment Funds
CIT	Corporate Income Tax
CO2	Carbon dioxide
DCCE	Department of Climate Change and Environment
DEDE	Department of Alternative Energy Development and Efficiency
DESNZ	Department for Energy Security and Net Zero
DIW	Department of Industrial Works
DMF	Department of Mineral Fuels
DRS	Deposit Refund Systems
EBITDA	Earnings Before Interest, Taxes, Depreciation and Amortisation
EEC	Eastern Economic Corridor
EGAT	Electricity Generating Authority of Thailand
EHIA	Environmental Health Impact Assessment
EIA	Environmental Impact Assessment
EPPO	Energy Policy and Planning Office
EPR	Extended Producer Responsibility
EPS	Expandable Polystyrene
EoL	End-of-Life
EOR	Enhanced Oil Recovery
ETS	Emissions Trading Scheme
EU	European Union
EVA	Ethylene-vinyl acetate
FCF	Free Cash Flows
FDI	Foreign Direct Investments
FEED	Front-End Engineering Design
FID	Final Investment Decision
FPO	Fiscal Policy Office
FTI	Federation of Thai Industries
GAP	Global Action Partnership
GDP	Gross Domestic Product
GEF	Global Environment Facility
GGGI	Global Green Growth Institute
GHG	Greenhouse Gas
GIZ	Deutsche Gesellschaft für Internationale Zusammenarbeit (German Agency for International Cooperation).
GPP	Green Public Procurement
GPPF	Global Plastic Pollution Fee
HDPE	High-Density Polyethylene
HVC	High Value Chemicals
ICC	Industrial Carbon Capture
ICMA	The International Capital Market Association
IFC	International Finance Corporation
IFI	International Financial Institution
IKI	International Climate Initiative
IPPU	Industrial Processes and Product Use
IRR	Internal Rate of Return
ISO	International Organisation for Standardisation
JCM	Joint Crediting Mechanism
KMUTT	King Mongkut's University of Technology Thonburi
KPI	Key Performance Indicators
LCA	Life Cycle Assessment
LCOP	Levelised Cost of Production
LDPE	Low-Density Polyethylene
LLDPE	Linear Low-Density Polyethylene
LT-LEDS	Long-Term Low Greenhouse Gas Emission Development Strategy
LULUCF	Land Use, Land-Use Change and Forestry
MEA	Monoethanolamine
MEG	Mono Ethylene Glycol
MEMR	Ministry of Energy and Mineral Resources
MHESI	Ministry of Higher Education, Science, Research and Innovation
MHI	Mitsubishi Heavy Industries
MLR	Minimum Lending Rate
MMV	Measurement, Monitoring and Verification
MNRE	Ministry of Natural Resources and Environment
MOF	Ministry of Finance
MRR	Minimum Retail Rate
MRV	Monitoring, Reporting and Verification
Mt	Million tonnes
MTEC	National Metal and Materials Technology Center
MTO	Methanol To Olefins
Mtoe	Million tonnes of oil equivalent
Mtpa	Million tonnes per annum
NANOTEC	National Nanotechnology Center
NCCC	National Committee on Climate Change
NCID	National Committee on Industry Development
NDC	Nationally Determined Contribution
NEP	National Energy Plan
NESDC	Office of the National Economic and Social Development Council
NESDP	National Economic and Social Development Plan
NSTDA	National Science and Technology Development Agency
NPV	Net Present Value
OECD	Organisation for Economic Co-operation and Development
OFGEM	Office of Gas and Electricity Markets
OIE	Office of Industrial Economics
ONEP	Office of Natural Resources and Environmental Policy and Planning
OPEX	Operating Expenses
OSMEP	Office of Small and Medium Enterprises Promotion
PBS	Polybutylene succinate
PCC	Post-Combustion Capture
PCD	Pollution Control Department
PDMO	Public Debt Management Office
PDP	Power Development Plan
PE	Polyethylene
PEIT	Petroleum and Energy Institute of Thailand
PET	Polyethylene Terephthalate
PLA	Polylactic acid
PP	Polypropylene
PPP	Public-Private Partnership
PS	Polystyrene
PTA	Purified Terephthalic Acid
PTTEP	PTT Exploration and Production Public Company Limited
PTTGC	PTT Global Chemical Public Company Limited
PVC	Polyvinyl Chloride
RAB	Regulated Asset Base
SA	Succinic Acid
SAF	Sustainable Aviation Fuels
SAN	Styrene Acrylonitrile
SBR	Styrene Butadiene Rubber
SCG	Siam Cement Public Company Limited
SDG	Sustainable Development Goals
SEC	Securities and Exchange Commission
SEC	Specific Energy Consumption
SIPA	Sustainable Infrastructure Programme in Asia
SLB	Sustainability-Linked Bond
SLL	Sustainability-Linked Loan
SMEs	Small and Medium-sized Enterprises
SPT	Sustainability Performance Targets
SUP	Single-Use Plastic
TBA	Thai Bankers Association
TBIA	Thai Bioplastics Industry Association
TEI	Thailand Environment Institute
TGO	Thailand Greenhouse Gas Management Organisation
THB	Thai Baht
TISI	Thai Industrial Standards Institute
TPS	Thermoplastic starch
TRL	Technology Readiness Level
T&S	Transport and Storage
TTB	Thailand Taxonomy Board
T-VER	Thailand Voluntary Emission Reduction Program
UHMW - PE	Ultra-High-Molecular-Weight Polyethylene
UK	United Kingdom
UNEA	United Nations Environment Assembly
UNEP	United Nations Environment Programme
UNFCCC	United Nations Framework Convention on Climate Change
UNIDO	United Nations Industrial Development Organisation
USDA	US Department of Agriculture
VCM	Voluntary Carbon Markets
VCS	Verified Carbon Standard
WACC	Weighted Average Cost of Capital
WWF	World Wide Fund for Nature