The RAC NAMA Project, together with The Creagy Company Limited, has conducted a study on effective and innovative financial instruments for upscaling investments on energy efficiency (EE) in Thailand. The study is a background research aiming to review EE financial mechanisms in Thailand and to identify opportunities for additional innovative financial scheme for the market introduction of EE technologies and investment promotion.
On 25 January 2019, the RAC NAMA Project together with the Office of Natural Resources and Environmental Policy and Planning (ONEP) and the Department of Alternative Energy Development and Efficiency (DEDE) held a stakeholder engagement workshop “Innovative Financial Mechanisms to scale up EE investment in Thailand” to convey results from preliminary researches of the study and to serve as an exchange platform among representatives from public and private agencies and EE finance experts. They discussed about EE financial mechanisms and explored opportunities and challenges on how to improve current financial mechanisms and drive forward innovative financial mechanisms in Thailand.
One of the highlights of the workshop was the experience sharing session with Mr. Kamaradzaman Mohd Bakri from Malaysian Green Technology Corporation, an EE expert on energy policy who presented the credit guarantee mechanism to mitigate the risk of ESCO project and to improve access to finance for EE.
Documents from the workshop can be viewed here: https://goo.gl/tw6hcoRead More →
Bangkok, 15 November 2018 – The Department of Skill Development (DSD) of the Ministry of Labour and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH have signed a Memorandum of Understanding (MoU) to cooperate on skills development for technicians in the refrigeration and air conditioning (RAC) sector with a focus on natural refrigerants. The aim is to enhance their skills and capacities through training.
Mr. Suthi Sukosol, Director-General of the Department of Skill Development, Ministry of Labour, said: “Pol. Gen. Adul Saengsingkaew announced a new policy for DSD for 2019 to enhance the skills of the workforce and turn them into “Super Workers” by developing their expertise and abilities to prepare them for the 10 targeted industries in the Eastern Economic Corridor (EEC). He reiterated the intention to employ a strategy that integrates the work of government agencies, the private sector and national and international educational institutions in human resources planning that is responsive to the labour market’s needs. DSD has partnered with GIZ to develop the skills of technicians in the use of natural refrigerants for ‘Green Jobs’.”
“GIZ will support DSD in transferring knowledge on the proper handling of natural refrigerants. It will also help with training equipment and materials and provide technical experts from Germany as instructors for DSD trainers who will then be a connecting point to the Thai workforce. It is expected that the training will start in the first quarter of 2019. We have set a target of 48 trained trainers across the country and we expect to disseminate the knowledge to 2,000 technicians and other stakeholders within 2 years.” Mr. Sukosol added.
Mr. Philipp Pischke, Director of the Thailand Refrigeration and Air-Conditioning Nationally Appropriate Mitigation Action (RAC NAMA) Project, said: “The partnership with DSD is one of the activities under the RAC NAMA project to enhance the skills of RAC technicians in Thailand and equip them with the knowledge to keep up with new technologies in the RAC sector. We will develop skill standards and a curriculum for the safe use of natural refrigerants and support the organisation of training for trainers. The training comprises both theoretical and practical segments on the safe handling of natural refrigerants, proper installation and servicing tools for RAC appliances, symbols and warning signs, and the method for charging and reclaiming refrigerants. In addition, the RAC NAMA Fund, which has officially been established with the Electricity Generating Authority of Thailand (EGAT) as the national fund recipient and project fund manager, will be allocated for the procurement of facilities for selected training centers. We hope that this cooperation will bring excellence to the labour force while also serving to bring skill standards in Thailand into line with international ones.”
RAC NAMA Project
The Thailand Refrigeration and Air-Conditioning Nationally Appropriate Mitigation Action (RAC NAMA) project supports Thailand in reaching its energy savings and greenhouse gas mitigation targets by promoting natural refrigerants for energy efficient and climate-friendly cooling technologies. The project strengthens the competitiveness of producers and commercial end-users in the refrigeration and air-conditioning (RAC) sector. It is funded by the NAMA Facility on behalf of the German Ministry for the Environment, Nature Conservation and Nuclear Safety and the UK’s Department for Business, Energy and Industrial Strategy.
Photos at the event can be downloaded here.Read More →
On 19 October 2018, the Thailand Refrigeration and Air Conditioning Nationally Appropriate Mitigation Action (RAC NAMA) Project, which is implemented by the Office of Natural Resources and Environmental Policy and Planning (ONEP) and the Department of Alternative Energy Development and Efficiency (DEDE), held a training “MRV Tool Training for RAC NAMA Project” at VIE Hotel Bangkok.
Government officials from project implementing partners including the Office of Natural Resources and Environmental Policy and Planning (ONEP), the Department of Alternative Energy Development and Efficiency (DEDE), the Electricity Generating Authority of Thailand (EGAT) and the Department of Industrial Works (DIW), attended the training.
Dr. Phirun Saiyasitpanich, Director of Climate Change Management and Coordination Division, Office of Natural Resources and Environmental Policy and Planning (ONEP), gave the opening speech stating that the Measurement, Reporting and Verification (MRV) of greenhouse gas (GHG) mitigation is crucial for the sector-wide transition of Thailand.
Technical experts from HEAT GmbH led the training, starting off with an introduction to MRV of RAC NAMA Project which included an overview of the RAC sector, emission scenarios and the calculations used, MRV for project interventions and for RAC NAMA project interventions.
This session was followed by a demonstration of the usage of the MRV tool and an exercise for the participants for a better understanding of how the tool operates.
In the last session of questions and feedback, technical experts clarified input parameters and different baselines for different reporting needs. Participants discussed the baselines, compared results for the different cases, and gave feedback on advantages, disadvantages and limitations of the tool.
In order to address Thailand’s energy and climate change challenges, policy makers are the key stakeholders and part of their role is to establish a proper MRV system.
The RAC NAMA Project has developed a project-based MRV tool & system to monitor project implementation. The MRV Working Group acts as sharing platform and monitors emission scenarios and policy measures of the RAC sector within the national and international climate action framework.
For more information, please visit www.racnama.orgRead More →
On 4 September 2018, the Thailand Refrigeration and Air Conditioning Nationally Appropriate Mitigation Action (RAC NAMA) Project along with partners from the Electricity Generating Authority of Thailand (EGAT) and the Office of Natural Resources and Environmental Policy and Planning (ONEP) and representatives from Sanden Intercool (Thailand) PCL and Supreme CNB Corporation Co.,Ltd participated in the ATMOsphere Asia 2018 conference in Singapore.
The 5th Annual ATMOsphere Asia 2018 featured discussions and interactive panels with experts from different sectors in Southeast Asia, comprising policy-makers, end-users and main producers working in the RAC sector. The programme included policy updates for Southeast Asia, market and policy trends, experience sharing from regional and international end-users and the latest case studies in the industrial refrigeration, commercial refrigeration and HVAC (Heating, ventilation, and air conditioning) sectors on natural refrigerant-based technology.
Mr. Philipp Munzinger, Project Manager from GIZ Proklima, gave a presentation on the introduction of hydrocarbon split air-conditioners in Asia and the challenges and opportunities, reiterating that governments should enable appropriate certification and registration of technicians, facilitate easier access to green technologies and take a role as informing front runners. He also gave a presentation in the policy session on training, standards and capacity building in Southeast Asia.
In the policy panel, a representative from the Ministry of Environment and Forestry of Indonesia and a representative from the Malaysian Department of Environment discussed the HCFC (Hydrochlorofluorocarbons) phase-out management plan and the implementation of the Kigali Amendment in their countries. “We don’t deny that natural refrigerants will be the future of the industry so we want to properly prepare the industry in correctly servicing and maintaining these systems,” stated Amy Charlene Wong of the Department of Environment of Malaysia.
Capacity-building for technicians and awareness raising were also seen as crucial areas that need to be addressed properly in order to successfully implement the use of natural refrigerants.
Case studies were used to demonstrate that many countries in Southeast Asia are increasingly adopting natural refrigerants in various sectors, reflecting a high potential for growth of natural refrigerants in this region. Delegates shared inputs and discussed sustainable natural refrigerant-based HVAC&R (Heating, ventilation, and air conditioning & refrigeration) solutions for Southeast Asia. This provided an opportunity to learn about the newest trends in natural refrigerant technologies as well as the challenges in this sector.
ATMOsphere Asia 2018 was organised by shecco, which specialises in integrated services and products to advance the use of five natural refrigerants – carbon dioxide (CO2), ammonia (NH3), hydrocarbons (HC), water and air – among its partners. This year, more than 150 delegates attended. 68 organisations were represented by high-level executives and experts from different industries, policy makers, manufacturers, NGOs, academia and 35 end users from 20 companies. The next ATMOsphere Asia will be held in Bangkok on 25 September 2019.
For more information, please visit http://www.atmo.org/asia2018
Photo credit: https://medium.com/naturalrefrigerants/atmosphere-asia-2018-7758aa763647
Read the article in Thai: http://www.thai-german-cooperation.info/news/content/441?lang=thRead More →
Representative of the Project Fund Manager (PFM) team of the RAC NAMA Fund and Ms. Denise Andres, advisor with the GIZ programme Proklima, gave a brief explanation of how a NAMA could contribute to policy and technical innovations in Thailand and shared information about the RAC NAMA Fund implementations at Deep Dive Workshop, Asia Clean Energy Forum (ACEF) 2018.
On 5 June 2018 in the “Session 3: Policy Measures to Improve Cooling Energy Efficiency” of the Deep Dive Workshop “Promoting Efficient, Clean Cooling through Technology and Policy Innovation”, a representative from the Project Fund Manager (PFM) team of the RAC NAMA fund from the Electricity Generating Authority of Thailand (EGAT) was invited as a speaker. Together with Ms. Denise Andres, advisor with the GIZ programme Proklima, in the presentation titled “Combining energy efficiency and climate action – RAC NAMA Thailand”, they presented and updated about the implementations and functions of the RAC NAMA Fund. Ms. Andres introduced the NAMA project shortly and gave a brief explanation of how a NAMA could contribute to policy and technical innovations in Thailand, therefore, promoting a climate-friendly and energy-efficient RAC sector through the Thailand RAC NAMA. The EGAT representative then explained the financial component of the project under the RAC NAMA Fund. Other speakers in the session include representatives from Energy Efficiency Services Limited (EESL), Centre for Advanced Research in Building Science and Energy CEPT University, India, and the Ozone Secretariat of UN Environment. The presentations were later followed by a discussion on effective policy measure innovations to enable improved buildings and cooling equipment.
The workshop, jointly organized by International Energy Agency (IEA), GIZ and Kigali Cooling Efficiency Program (K-CEP), is one of the Deep Dive Workshops (DDWs) at ACEF 2018 that focused on energy-efficient and clean cooling as well as the relevant social and economic benefits. The workshop, with an objective to provide a platform for international discussions on market developments and updates on efficiency and clean cooling, also aims to engage participants in priorities and next steps. It presents a great opportunity for EGAT, as the national fund recipient and project fund manager, to enhance networking opportunities and engage in discussions with attendees from governments, the private sector, academia and ADB representatives. EGAT representatives also participated in interactive sessions of the conference over the following days.
The Asia Clean Energy Forum (ACEF) 2018: Harnessing Innovation to Power the Future, held from 4-8 June 2018 at the Headquarters of the Asian Development Bank (ADB) in Manila, Philippines, was attended by over 500 practitioners and implementers in the energy sector. This year, it is focused on how innovation can accelerate energy system development. As one of the leading clean energy events in the Asia and Pacific region, it acts as a platform for participants to identify, discuss and address key clean energy challenges in the region. The conference is jointly organized by the Asian Development Bank (ADB), the U.S. Agency for International Development (USAID), and the Korea Energy Agency (KEA).
The RAC NAMA Fund, aiming to provide financial support to promote greener and energy efficient cooling technologies, has been established from Thailand RAC NAMA Project following the signing of the Grant Agreement in December 2017 with EGAT as the project fund manager on behalf of the Royal Thai Government. The fund consists of sub-grants and revolving schemes to support the production, marketing, knowledge-sharing and skill development for green cooling technologies that use natural refrigerants in Thailand.Read More →
The Bonn Climate Change Conference is held from 30 April to 10 May 2018, during which governments negotiate the implementation of the 2015 Paris Climate Change Agreement ahead of the UN Climate Change Conference (COP24). The NAMA Facility hosted a side event “Inspiring Ambitions Action on Climate Change – The NAMA Facility Workshop 2018” at the conference. The side events and exhibits are organized under a common theme, “Accelerating implementation of the Paris Agreement”.
On 4 May 2018, representatives from the Electricity Generating Authority of Thailand (EGAT) attended the workshop. Ms. Anchalee Natikool from EGAT was invited to share experiences of a National NAMA Fund in the session “Enhancing Financial Ambition in NAMAs and Climate Mitigation”, in which representatives from other financial institutions, namely the Global Green Growth Institute, the Climate Policy Initiative and the Private Sector Facility of the Green Climate Fund, also gave their commentaries.
Ms. Natikool introduced the RAC NAMA Fund as one important component of Thailand RAC NAMA project, emphasizing that Thailand’s RAC NAMA Fund is one of the pioneer “climate finance” projects funded by NAMA Facility Fund in South East Asia. She explained the financial support provided through the project and outlined the functions of the fund in Thailand and how it will be implemented. The total budget of 8.3 million Euros of the RAC NAMA Fund is designed for financial mechanisms stimulating the market of green energy efficiency cooling from both supply and demand sides. It is divided into loans and grants to not only support the development and production of climate-friendly products, but also for testing and training facilities to establish a safe environment for these new technologies. EGAT is determined to coordinate with all sectors to promote energy efficiency in an eco-friendly approach. The Thailand RAC NAMA Project will help the country reduce its greenhouse gas emissions and reach its energy consumption reduction target.
The RAC NAMA Fund, aiming to provide financial support to promote natural refrigerants, has been established from Thailand RAC NAMA Project following the signing of the Grant Agreement in December 2017 with EGAT as the project fund manager on behalf of the Royal Thai Government.
The NAMA Facility was established in 2012 by the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB) and the UK’s Department for Business, Energy and Industrial Strategy (BEIS) and later joined by the Danish Ministry of Energy, Utilities and Climate (EFKM) and the European Commission as new Donors in 2015.Read More →
On 3 May 2018, the EGAT delegation (Electricity Generating Authority of Thailand) comprising of representatives from the departments of Demand Side Management, Greenhouse Gas Management, and Finance, visited the GIZ Head Office in Eschborn, Germany for Thai-German Dialogue on Green Cooling Cooperation.
EGAT as Project Fund Manager of the RAC NAMA Fund, visited the GIZ Office to share progresses and to discuss on the implementation of the Fund under a framework of Grant Agreement signed in December 2017. The delegates were invited for a site visit of heat-pump technology in GIZ’s office building for which the natural refrigerant was used. This visit provides EGAT with an understanding that natural refrigerants could be effectively and safely installed inside large buildings, providing a safe, climate-friendly and energy efficient alternative to conventional cooling technologies.
Moreover, Both EGAT and GIZ had the opportunity to discuss on the implementation of RAC NAMA Fund including several related topics, e.g. Public Benefit Business and International Services, Proklima, Portfolios on Energy Efficiency, and Climate Finance. It was a great opportunity for the delegation, as a partner and project fund manager, and for GIZ to extend their partnership and tighten the relationship for a better implementation of the project.
The RAC NAMA Fund is one of the very first “Climate Finance” project for GIZ as well as for Thailand. EGAT is responsible for implementing financial mechanisms to stimulate market opportunities for highly energy-efficient and climate-friendly cooling technologies and to enhance Thailand’s competitiveness in the RAC sector. The fund consists of sub-grants and revolving schemes to support the production, marketing, knowledge-sharing and skill development for green cooling technologies in Thailand.
GIZ and EGAT signed the Grant Agreement of the RAC NAMA Fund on 20 December 2017. The RAC NAMA Fund of 8.3 million EUR was established as part of the Thailand RAC NAMA Project, funded by the NAMA Facility on behalf of the Republic of Germany and the United Kingdom. The project aims to promote sustainable production and use of green cooling technologies in the refrigeration and air-conditioning (RAC) sector in Thailand.Read More →
On 20 April 2018, the Thailand Refrigeration and Air Conditioning Nationally Appropriate Mitigation Action (RAC NAMA) Project, which is implemented by the Office of Natural Resources and Environmental Policy and Planning (ONEP) and the Department of Alternative Energy Development and Efficiency (DEDE), has organised the “Workshop on Roadmap to Promote Highly Energy Efficient Products” (Case Studies for Promotion RAC Equipment in Thailand) at the Sukosol Hotel, Bangkok. The workshop was focused on promoting high energy efficiency appliances in the RAC sector in Thailand. The promotion of energy efficiency will support Thailand to meet its ambition of reducing energy consumption according to its Energy Efficiency Plan, and to meet its pledged target of reducing greenhouse gas emissions. The workshop aims to bring relevant stakeholders and experts from Thailand and abroad to exchange knowledge and experiences. It was attended by key stakeholders from the government and private sector from the Office of Natural Resources and Environmental Policy and Planning (ONEP), the Department of Alternative Energy Development and Efficiency (DEDE), the Office of the Consumer Protection Board (OCPB), the Electricity Generating Authority of Thailand (EGAT), the Thai Industrial Standards Institute (TISI), the Electrical and Electronics Institute (EEI), the Federation of Thai Industries (Air-Conditioning and Refrigeration Industry Club), the Consumer Protection Association of Thailand (CPAT) and the Thai Refrigeration Association (TRA).
It was an honor to have Mr. Sarat Prakobchat, Director of Energy Efficiency Promotion Bureau from the Department of Alternative Energy Development and Efficiency (DEDE), giving the opening remarks. Mr. Philipp Pischke, Acting Project Director and Technical Advisor, along with representatives from DEDE, TISI, EGAT and OCPB gave presentations on case studies and future outlook in the RAC sector. There were sessions for group discussions on practices from case studies and recommendations. Overall, the workshop was a platform for capacity-building and knowledge sharing on policies, measures and regulations regarding the promotion of high energy efficiency appliances in the RAC sector.
The workshop concluded with a discussion about recommendations on an integration plan between agencies which will allow for a more effective promotion of high energy efficiency appliances in the RAC sector that is appropriate to Thailand.
Documents to download:
All documents are available at: goo.gl/uKPWB4Read More →
Bangkok, 29 March 2018 – The Electricity Generating Authority of Thailand (EGAT) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH jointly organised the “Grand Opening Ceremony of the RAC NAMA Fund” to promote “Green Cooling Technologies” with high-energy efficiency and the use of natural refrigerants. Financial support mechanisms under the Fund have been thoughtfully developed not only to help reduce greenhouse gas emissions, but also to stimulate market opportunities for green cooling technologies and enhance the country’s competitiveness in the growing refrigeration and air-conditioning industry.
Mr. Kodshayut Boriboonchatuporn, Deputy Governor of Power Plant Development of EGAT, presented the key elements of the Fund, stating that “Thailand has received support in setting up the RAC NAMA Fund to a total value of approximately THB 320 million (EUR 8.3 million). On behalf of the Thai government, EGAT has taken responsibility for managing the Fund to promote the production and use of energy-efficient and climate-friendly cooling technologies. The four main products include domestic refrigerators, commercial refrigerators, chillers and air-conditioners.”
“The Fund has two components. The first, a ‘Sub-Grant scheme’ of approximately THB120 million is designed to support production line conversion, testing equipment and training facilities. The second, the ‘Revolving Scheme’ of approximately THB 200 million will be utilised for market penetration, aiming to encourage both private households and commercial end-users, such as SMEs, to use green cooling products.” Mr. Kodshayut added.
Dr. Raweewan Bhuridej, Secretary-General, Office of Natural Resources and Environmental Policy and Planning (ONEP), emphasised the significance of the Fund from the policy perspective. “The RAC NAMA Fund is a new dimension in the development of Climate Finance in Thailand. It will help support Thailand in reaching its pledged Nationally Determined Contribution (NDC) targets under the UNFCCC framework and the Paris Agreement to mitigate 20-25% of GHG emissions by 2030. In addition, the RAC NAMA Fund is regarded as a pioneer climate-finance project in Thailand, funded by the NAMA Facility Fund, a joint initiative of the British and German governments.”
Ms. Camilla Fenning, Head of Southeast Asia Climate Change and Energy Network, the British Embassy Bangkok, said: “The UK government is strongly committed to tackling global warming. I am therefore very proud to represent the UK’s partnership with Germany as we support Thailand to take action to mitigate the harmful effects of climate change by turning a whole sector towards a low-carbon development trajectory. I believe that this RAC NAMA Fund is central to climate change mitigation actions because Thailand is an important regional industry hub for the cooling sector.”
Mr. Jan Scheer, Minister and Deputy Head of Mission, the Embassy of the Federal Republic of Germany mentioned about the international cooperation between Germany and Thailand which has developed strongly for more than 60 years, and as part of that, the Government of Germany is committed to further supporting Thailand in its climate actions. He also saw the UK-German NAMA Facility Programme as a great benefit for Thailand. The RAC NAMA Fund is another fine example of knowledge transfer and joint project implementation and will help transform Thailand’s cooling industry and market into energy-efficient, green cooling technologies.
Mr. Tim Mahler, Country Director, GIZ Thailand and Malaysia said: “Thailand is among the top manufacturing locations in the global refrigeration and air-conditioning (RAC) sector. The RAC NAMA Fund will particularly support Thailand by promoting greener cooling products which contribute to the country’s energy efficiency targets, and help to reduce greenhouse gas emissions. Natural refrigerants are about 100-1,000 times more climate-friendly than widely used synthetic refrigerants. Moreover, using natural refrigerants with innovative RAC appliances could help to cut 5 to 25 % of energy costs.”
“We would like to express our sincere gratitude to EGAT for their courageous initiative in taking the leading role in the RAC NAMA Fund. EGAT is considered the most capable and suitable organisation for this role in terms of capacity and human resources, as well as experience in managing greenhouse gas mitigation and energy efficiency programmes, which include the successful Label No.5 programme. GIZ will take on a supporting role in the technical cooperation, technology and knowledge transfer, as well as in connecting Thailand with wider international cooperation. The RAC NAMA Fund will be a great example of innovative financing mechanisms that successfully address climate change.” Mr. Mahler added.
The ‘RAC NAMA Fund’ comes under the Thailand Refrigeration and Air Conditioning Nationally Appropriate Mitigation Actions (RAC NAMA) project—the first climate finance project in Thailand funded by the NAMA Facility, a joint initiative of the Federal Republic of Germany and the United Kingdom, with a total value of 14.7 Million Euro (approximately THB 565 million). GIZ has been commissioned to implement the project in partnership with the Thai government. The main implementing partners are the Office of Natural Resources and Environmental Policy and Planning (ONEP) and the Department of Alternative Energy Department and Efficiency (DEDE).
Photos at the event can be downloaded here.Read More →
The Electricity Generating Authority of Thailand (EGAT) has signed a Memorandum of Understanding (MoU) with 4 financial institutions to cooperate on a promotional campaign for domestic refrigerators that use climate-friendly natural refrigerants within the scope of the Thailand Refrigeration and Air Conditioning Nationally Appropriate Mitigation Actions (RAC NAMA) project. This campaign is expected to help reduce energy consumption by 47 million units per year or 188 million baht and also lower greenhouse gas (GHG) emissions by approximately 25,000 tons per year.
On February 20, 2018, Mr. Seubphong Buranasirin, EGAT’s Deputy Governor—Corporate Social Affairs chaired the MoU signing ceremony between EGAT and the 4 financial institutions who have joined forces on a new promotional campaign for fridges that use climate-friendly natural refrigerants. Implementing partners in the RAC NAMA project joined the ceremony at Kasem Chatikavanij Convention Hall, T.040 Building, EGAT Headquarters, among them the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the Office of Natural Resources and Environmental Policy and Planning (ONEP) and the Department of Alternative Energy Development and Efficiency (DEDE), as well as producers and retailers of label no.5 fridges.
Mr. Seubphong Buranasirin, EGAT’s Deputy Governor—Corporate Social Affairs noted that Thailand has set a GHG mitigation target of 20% by 2030, which was pledged at the 21st Conference of the Parties to the UN Convention on Climate Change or COP 21 in Paris. To achieve this ambitious target for GHG reduction and to reach the target for energy consumption reduction according to the country’s Energy Efficiency Plan, GIZ in partnership with the Thai government namely ONEP, DEDE, and EGAT, are jointly implementing the RAC NAMA project to support climate-friendly and highly energy-efficient cooling technologies in Thailand. It particularly promotes the use of natural refrigerants with ultra-low Global Warming Potential (GWP) such as R600a. Under the project, the “RAC NAMA Fund” was established with EGAT as National Fund Recipient (NFR) and the Project Fund Manager (PFM) to implement the financial support mechanism within the scope of the project for the four main products: domestic refrigerators, commercial refrigerators, air-conditioners, and chillers.
“Accordingly, EGAT has entered into partnerships with financial institutions to promote the sales of domestic fridges that use natural refrigerants such as R600a, which are significantly more climate friendly and energy efficient compared to other synthetic refrigerants. EGAT is working with four financial institutions, namely Bangkok Bank (BBL), Kasikorn Bank (KBank), Siam Commercial Bank of Thailand (SCB), and Krungthai Card Public Company Limited (KTC) to provide installment payment plans with 0% interest for 10 months for selected fridges that have the energy efficiency label No. 5 and use refrigerant R600a. With a total of 11 selected trademarks and 339 models of fridges, the promotional campaign through the 4 aforementioned credit card companies is expected to result in a total sales figure of 300,000 fridges and help to reduce energy consumption by 47 million units per year or 188 million baht and also reduce GHG emissions at approximately 25,000 tons per year. Consumers will be able to receive more information from big and small dealers, retailers, and shops throughout the country. Participating shops will have “Green Refrigerant” stickers, which indicate their participation in this campaign. The campaign will roll out from March to May 2018 and potentially extend to other types of cooling products in the future,” Mr. Seubphong added.
Mr. Tim Mahler, GIZ Director Thailand, said that the RAC NAMA project is the first climate finance project in Thailand funded by the NAMA Facility, a joint initiative by the Federal Republic of Germany and the United Kingdom, to a total value of EUR 14.7 Million (approximately THB 565 million). The objective is to support developing countries in implementing ambitious country-led Nationally Appropriate Mitigation Actions (NAMAs) and to deliver concrete GHG reduction. Funding in the amount of EUR 8.3 million (approximately THB 320 million) out of the total budget has been specifically reserved to set up the “RAC NAMA Fund” with EGAT as the recipient on behalf of Thailand to implement financial support mechanisms in both sub-grants and revolving schemes to support the production and use of climate-friendly and energy-efficient cooling technologies in Thailand.
Mr. Shoke Na Ranong, Bangkok Bank’s Executive Vice President, Credit Card Department, said that the Bangkok Bank was very honoured to be cooperating in the campaign under this project. “We are offering a special promotion to our credit card holders with the Bangkok Bank’s “Be Smart” installment plan with 0% interest for 10 months. In addition, our customers can receive cash back up to 18% or 18,000 baht throughout the campaign. Customers are offered the opportunity to receive a 400-baht cash back for every installment payment of 20,000 Baht or to collect reward points to the same amount as the product’s price.”
Mr. Amorn Suvachittanont, First Senior Vice President, Kasikorn Bank said that Kasikorn Bank too was very honoured to be part of this cooperation, which contributes to GHG mitigation and environmental responsibility. “We are committed to finding solutions in transitioning to a low-carbon economy and to achieve the country’s GHG reduction target. In addition, KBank has been committed to planting the ideals of environmental sustainability in our staff, and Green DNA has become a fundamental element of our corporate culture, guiding every business process and serving to create our identity as the Bank of Sustainability’. This also serves as a great opportunity for our credit card customers who number more than 2.5 million to contribute to the prevention of global warming by using eco-friendly products.”
Ms. Pakachat Taychaburapanone, SCB Executive Vice President and Head of First Division and Prime Division said: “SCB has long been committed to align our business with corporate social responsibility and one of our most important projects is ‘Better Quality of Life and Environment’. SCB is therefore very proud to be a part of this cooperation with EGAT and 3 other financial institutions. We fully support the campaign for fridges that use climate-friendly natural refrigerant by offering an installment plan through SCB credit cards at 0% interest for 10 months along with other marketing activities that the bank continues to offer to our customers.
Mrs. Charoonsri Srisukson, Executive Vice President Merchant Acquiring ‘KTC’ or Krungthai Card Public Company Limited said that KTC is glad to play a part in contributing to energy saving and GHG reduction targets under the Thailand RAC NAMA project. “In response to this policy, we are implementing the promotional campaign for eco-friendly fridges in partnership with producers and more than 2,000 retailers all over the country. KTC offers privileges to our credit card holders with the 0% interest installment payment scheme along with other special benefits.”Read More →