Experts from Thailand and Singapore gathered to discuss opportunities for collaboration in the bio-circular-green (BCG) economy, with a focus on sustainable development and climate resilience.
Singapore, 30 September 2024 – A panel discussion titled “Opportunities for Cooperation in BCG Business with Singapore” was held at the Thai Embassy in Singapore, bringing together experts from both nations to address pressing climate challenges. The seminar, supported by Thailand’s Foreign Ministry, aimed to explore innovative collaboration within the bio-circular-green (BCG) economy.
The event featured four key speakers who emphasized the importance of deepening collaboration to enhance the green transition, creating mutual benefits for both Thailand and Singapore. Koh Min Ee, Director of the Environment Policy Division at Singapore’s Ministry of Sustainability and Environment, outlined Singapore’s unique challenges in sustainable development since independence and introduced the Singapore Green Plan, which targets significant carbon emissions reductions by 2030. This comprehensive plan focuses on a greener city, sustainable living, energy efficiency, and preparing for a resilient future.
Fam Wee Wei, Director of the Carbon Mitigation Division and International Trade Cluster Division at Singapore’s Green Economy & Sustainability Ministry, highlighted the market-driven approach to reducing emissions, while Ngan Ye Ring, Director of Products at Singapore Climate Impact X, emphasized the importance of transparency and standardisation in carbon pricing. Puttipar Rotkittikhun, Director of the Carbon Credit Certificate Office at Thailand Greenhouse Gas Management Organisation (TGO), detailed Thailand’s efforts in greenhouse gas reduction and its certification framework.
The seminar underscored the need for regional collaboration in carbon trading and the creation of a standardised carbon credit framework, noting that teamwork between Thailand and Singapore could generate credible carbon credits and enhance sustainable investment. Thailand’s Ambassador to Singapore, Ureerat Chareontoh, highlighted the critical importance of collaboration for achieving global climate goals in her opening speech.
Grassroots initiatives, such as plastic bag charges and upcoming beverage container deposit schemes, were also discussed, marking steps toward fostering a sustainability mindset in the community.
Source: Royal Thai Embassy, Singapore
