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Thailand Accepts World Bank’s Climate Change Grant

Thailand accepts World Bank’s climate change grant

BANGKOK (NNT) – In addition to several projects and agreements approved in the Cabinet meeting yesterday, the government has agreed to accept a 5 million dollar U.S. grant from the World Bank to reduce emissions of hydrofluorocarbon gas (HFC), which is one of the greenhouse gases affecting the globe’s ozone layer.

A Deputy Government Spokesperson, Rachada Dhanadirek, disclosed that the Cabinet, at its meeting yesterday, approved an acceptance draft for a 5.084 million dollar grant from the World Bank, to fund projects reducing the emission of environmentally harmful HFC gas.

At the same meeting, the Cabinet approved a financial aid campaign for Myanmar, providing a 1.46 billion baht loan to fund Yangon’s electricity system renovation project, on the understanding that the project utilises goods and services from Thailand for at least 50 percent of the contract’s value, and must hire Thai companies for construction and engineering consultations.

Meanwhile, the government spokesperson, Narumon Pinyosinwat, announced today that members of the Cabinet had approved a draft ASEAN-China Joint Ministerial Statement on transportation and logistics promotion, to combat COVID-19 and promote the economy, to be endorsed at a special ASEAN-China Transport Ministers Meeting tomorrow, which will be held via video conference.

Reporter : Tanakorn Sangiam
Rewriter : Tarin Angskul
National News Bureau & Public Relations : http://thainews.prd.go.th

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