Thailand accelerates its energy transition.

The Thai government has urgently directed the development and submission of projects using funds from the 400 billion baht Emergency Loan Ordinance to accelerate the nation's energy transition.

VietnamPlus•30/06/2026

According to the Vietnam News Agency correspondent in Bangkok, the Thai government has instructed ministries and agencies to urgently develop and submit projects using funds from the Emergency Loan Decree worth 400 billion baht (approximately 10.9 billion USD) to promote the national energy transition, aiming to reduce dependence on fossil fuels and develop a low-carbon economy.

Ratchada Thanadirek, spokesperson for the Prime Minister's Office of Thailand, said the directive was issued following a decision by the committee reviewing the use of loan funds under the emergency decree on addressing the impact of the energy crisis and promoting the national energy transition in 2026.

Previously, on June 26, this committee approved a framework of criteria for reviewing programs and projects in the second group.

Accordingly, the proposed projects must align with the goals of reducing fossil fuel use, improving energy efficiency, promoting the development of clean energy, and gradually transforming the country's energy structure.

Thai Prime Minister Anutin Charnvirakul emphasized that this loan is not only aimed at responding to short-term energy price fluctuations but is also an important tool for restructuring the national energy system, increasing the proportion of renewable energy, reducing dependence on fossil fuels, and mitigating risks from global energy price volatility in the long term.

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According to the Thai government, the second group of projects will focus on three main areas: improving energy efficiency and reducing greenhouse gas emissions; promoting the transition from internal combustion engine vehicles to electric or clean energy vehicles, while investing in supporting infrastructure such as charging stations and battery swapping stations; and developing skills for citizens, the workforce, and businesses to meet the requirements of a clean energy economy.

Projects must be feasible, immediately implementable, and deliver measurable results, such as reductions in fuel or electricity consumption, increased use of renewable energy, greenhouse gas reductions, and the potential to generate revenue from carbon credits.

In the renewable energy sector, the Thai government prioritizes electricity generation projects for self-consumption or community use through smart grid or microgrid systems, incorporating technology to improve energy management and utilization efficiency. For electric vehicles, projects must be linked to the development of infrastructure and integrated energy management systems.

The Thai government stated that the project's evaluation would be based on criteria such as necessity, readiness, investment efficiency, transparency, and the potential to deliver concrete results.

A specialized subcommittee will review the suitability of each project and the proposed capital scale to ensure that loan funds are used for their intended purpose, are verifiable and monitorable, and yield long-term benefits for the economy.

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