Enigin Update - Thailand Need to Spend Billions on Energy Efficiency Promotion
THE Alternative Energy Development and Efficiency Department reckon Thailand could have to spend 400 billion baht ($13.6 billion) over the next twenty years in promoting energy efficiency.
Danai Egkamol, director of the department's Bureau of Energy Regulation and Conservation told the Bangkok Post, "World oil prices rise each year, prompting governments and businesses alike to think about investing more in saving energy.
"Commercial banks themselves have become more willing to extend loans for this purpose."
The department has calculated that from now until 2030, energy efficiency campaigns could save 14,500 tonnes of oil equivalent, this is currently worth 272 billion baht annually, along with cutting CO2 emissions by 49 million tonnes annually.
Since 1990 Thailand has run energy saving campaigns since, which primarily involved public announcements, and as time progressed also Board of Investment privileges, grants, project financing facilities, technical advice and even energy saving competitions. With combined spending by government agencies and businesses from 2003 to June this year, was an estimated 216 billion baht.
These campaigns cut annual carbon dioxide emissions by 8.4 million tonnes.
"Over the next decade, new technology will drive electrical equipment and machinery, and renewable energy will lead to efficient power consumption," he said.
Thai corporate taxpayers are entitled to deduct 25 percent of the cost of energy-saving technology and solutions.
Enigin have a range of energy efficiency solutions available through their Enigin Distributor network that will produce substantial energy and environmental savings.
Picture of Bangkok by Chrissy Oldson
