Si Sa Ket

Ubon Ratchathani

Yasothon

Chaiyaphum

Amnat Charoen

Bueng Kan

Nong Bua Lam Phu

Khon Kaen

Udon Thani

Loei

Nong Khai

Maha Sarakham

Roi Et

Kalasin

Sakon Nakhon

Nakhon Phanom

Mukdahan

Chiang Mai

Lamphun

Lampang

Uttaradit

Phrae

Phayao

Chiang Rai

Mae Hong Son

Nakhon Sawan

Uthai Thani

Kamphaeng Phet

Sukhothai

Phitsanulok

Phichit

Phetchabun

Ratchaburi

Kanchanaburi

Suphan Buri

Nakhon Pathom

Samut Sakhon

Samut Songkhram

Phetchaburi

Prachuap Khiri Khan

Nakhon Si Thammarat

Krabi

Phangnga

Phuket

Surat Thani

Ranong

Chumphon

Songkhla

Satun

Trang

Phatthalung

Pattani

Yala

Narathiwat

Phatthaya

Krung Thep Maha Nakhon

Samut Prakan

Nonthaburi

Pathum Thani

Phra Nakhon Si Ayutthaya

Ang Thong

Lop Buri

Sing Buri

Chai Nat

Saraburi

Chon Buri

Rayong

Chanthaburi

Trat

Chachoengsao

Prachin Buri

Nakhon Nayok

Sa Kaeo

Nakhon Ratchasima

Buri Ram

Surin

Thailand

By 2037, increase the share of renewable energy to 30% of final energy consumption

Energy intensity reduction of 30% by 2037 (baseline 2010)

In 2022, the annual carbon dioxide emissions will be 88,947 thousand tons for the electricity generation sector;&nbsp;In 2027, the annual carbon dioxide emissions will be 94,007 thousand tons for the electricity generation sector;&nbsp;In 2030, the annual carbon dioxide emissions will be 98,743 thousand tons for the electricity generation sector;&nbsp;In 2032, the annual carbon dioxide emissions will be 93,357 thousand tons for the electricity generation sector;&nbsp;In 2037, the annual carbon dioxide emissions will be 103,845 thousand tons for the electricity generation sector.

In 2022, the carbon dioxide emission intensity per unit of electrical power is approx. 0.368 kgCO2/kWh;&nbsp;In 2027, the carbon dioxide emission intensity per unit of electrical power is approx. 0.393 kgCO2/kWh;&nbsp;In 2030, the carbon dioxide emission intensity per unit of electrical power is approx. 0.326 kgCO2/kWh;&nbsp;In 2032, the carbon dioxide emission intensity per unit of electrical power is approx. 0.291 kgCO2/kWh;&nbsp;In 2037, the carbon dioxide emission intensity per unit of electrical power is approx. 0.283 kgCO2/kWh.

Reduction of energy intensity by 25%, equivalent to 20% reduction in energy consumption by 2030 against a 2005 baseline

Reduction of energy intensity by 30% by 2036 against a 2010 baseline (PDP 2015)

20% of power generation from renewable sources by 2036 (PDP 2015)

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Southeast Asia faces a dual crisis of escalating greenhouse gas emissions and severe vulnerability to climate change. Rapid decarbonisation is needed, but there is a climate finance gap. While countries have ambitious emission-reduction targets, they cannot achieve them without additional financial support. Small and medium-sized enterprises (SMEs), in particular, are essential for deploying local climate solutions, but they are critically underserved by traditional capital markets due to various barriers.

The Navis Decarbonization Fund I is a private equity fund managed by Navis Capital Partners, which will target growth-stage SMEs across decarbonisation and climate-resilience sectors (e.g., energy access and power generation, low-emission transportation, infrastructure and the built environment, and sustainable agriculture and water) in four countries (Indonesia, Thailand, Malaysia, and the Philippines).

By deploying capital across SME investments, the fund aims to demonstrate the commercial viability of climate-focused SMEs. With GCF equity serving as an anchor investor, the fund will catalyse finance in decarbonisation sectors and enable sufficient scale and diversification.

South-East Asia remains one of the most vulnerable regions to climate change, partly because of its long coastal areas impacted by rising sea levels, densely populated urban areas and reliance on natural resources. Agriculture remains a key sector in Indonesia, the Philippines, and Thailand. It employs 30 to 40 per cent of the labour force and produces vital crops such as rice. The climate crisis is expected to reduce agricultural production and aggravate food security, which is detrimental to smallholder farmers.

However, limited private sector investments have been made in adaptation, mainly due to investors' perceived risks, concerns about investments' commercial viability, and a lack of local networks and knowledge to identify a robust pipeline.

Mandala Capital is launching a 100 per cent adaptation-focused investment fund for investing in the region. GCF’s equity investment will be used to crowd in capital that will strengthen about 10 SMEs, in the host countries, with interlinked business models with farmers at the upstream and midstream stages of the agriculture value chain, thus improving the resilience of the farmers and SMEs. In addition, there will be a technical assistance facility to support stakeholders and create an enabling environment for adaptation investments.

MCSSEAFP will also invest in India and Vietnam through a separate compartment. The fund will apply consistent climate eligibility criteria for selecting sub-projects across Indonesia, the Philippines, Thailand, India, and Vietnam. Anchored by this unified investment theme, the fund is expected to deliver comparable adaptation impacts in all countries.

It was developed under GCF’s Project-specific Assessment Approach (PSAA).

Local CSOs and CBOs in landscapes-seascapes around the world access grant financing and technical assistance, including capacity development and knowledge sharing to maintain and enhance their socio-ecological resilience, well-being and socio-economic conditions for global environmental benefits.

To empower and support civil society organisations (CSOs) and community-based organisations (CBOs) in developing countries to implement high-impact and innovative initiatives that deliver climate change adaptation and environmental benefits in an inclusive manner.

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Thailand

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Adaptation Fund

Climate Investment Funds

Green Climate Fund

Global Environment Facility