Thailand Has Declared BCG Economic Model as Part of the National Agenda

June 1, 2021

Prime Minister General Prayut Chan-o-cha stated that the Thai government had declared the Bio-Circular-Green (BCG) economy model as part of the national agenda in a bid to promote green recovery after COVID-19.

The Prime Minister on 31 May 2021 delivered a keynote address at the 2nd Partnering for Green Growth and Global Goals 2030 Summit, hosted by the Republic of Korea via a teleconference.

In his address, he said, Thailand has adopted the Sufficiency Economy Philosophy as a guideline for inclusive development without leaving anyone behind. A focus has been made on empowering the people, creating immunity, and promoting balances between human and nature.

In addition, science, technology, and innovation will be adopted to uplift industries, increase productivity, minimize resource losses throughout the production chain, and reduce environmental impact. The participation of all concerned sectors is also promoted through the four-party mechanism, comprising public, private, academic, and people sectors.

According to the Prime Minister, the BCG economic model is relevant with the goal of this meeting and is an answer to sustainable development. It would also help promote partnership between Thailand and the global community at all levels, especially under the APEC framework, which is to be hosted by Thailand next year.

Due to the COVID-19 pandemic, various environmental cooperation at the international level has been halted. Thailand would like to take the opportunity to call on every country to accelerate their undertakings under related obligations to cope with the challenges, and to demonstrate the joint intent to drive forward COP26, to be held in the United Kingdom this November, toward tangible achievements.

The Prime Minister added that Thailands Climate Change Act is now in the drafting process. The bill will inclusively cover undertakings related to climate change in every dimension and will promote more engagement of the private sector and communities.

Thailand also sets the target to increase the use of electric vehicles to 15 million units (1/3 of the total number of vehicles in the country) within 2035. Moreover, the Government will plant hundreds of millions of perennial trees, increase the use of renewable energy, and reduce land waste and marine waste.

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