Global warming is the main catalyst in driving climate change, causing natural disasters such as storms, ﬂoods and droughts with devastating unforeseen consequences. As the world becomes more and more aware of the danger climate change represents, global standards and practices are formed limiting the irresponsible use of natural resources.
This situation is the product of many countries joining together to mitigate global warming issues starting from the 2nd United Nations Conference in Rio de Janeiro, Brazil in 1992. Member states meet together to discuss the topic of environment and development as a global master plan for actions that will lead to sustainable development in the society, economy and environment. Subsequently, the Millennium Development Goals (MGD) was established and despite the aims having been fulﬁlled, the United Nations believed that there are still important goals that must be pursued, namely the Sustainable Development Goals (SDG) for the next 15 years as a direction pertaining to continuous development for the world community.
The recognition of these goals had led to the idea of sustainable business operations in Environmental, Social and Governance (ESG) terms which had drawn the interest of listed companies on stock exchanges, fund managers and investors around the world with emphasis on institutional and foreign investors. Importance is given to investing in companies that have good business practices and which takes into account the sustainability and beneﬁts to the society they provide, reﬂecting the decision-making process that depicts the main vision of the responsible investor, seeking returns not only in proﬁts alone. As a result, the world’s leading stock exchange has implemented a measurement mechanism known as the Dow Jones Sustainability Index (DJSI), which is a stock index consisting global leading companies that has passed the Sustainability Assessment test according to economic, social and environmental indicators which institutional investors around the world accept and use as information in their investments. The index is divided into 24main industries, comprising 60 sub-industries with institutional investors and funds membership companies being reviewed and chosen each year every September. For this reason, numerous changes and adjustments of companies listed on the stock exchanges around the world have occurred, affecting business systems throughout their entire supply chain.
At the same time, the European Union (EU) has issued an important measure called the European Green Deal, the EU’s new industrial development strategy with an operating mechanism called the Carbon Border Adjustment Mechanism(CBAM) with the principle of reducing the cost competitiveness of carbon products from developing countries sending goods into the EU. Accordingly, this is in the form of taxation where if their carbon emissions were to exceed those of other products in the same category, the importer or exporter must purchase the relevant amount of carbon credit licenses to make up for the greenhouse gases released, with the mechanism expected to be utilized in the year 2023.
In addition to this , the United States has announced a new stance on climate change under the governance of President Joe Biden, who has returned to giving serious emphasis to global warming and bringing new changes never seen before in the past 100 years. Recent Worldwide policies also demonstrate movement towards a world without international carbon usage, such as :
- The EU’s agreement on European Climate Law, setting a 2050 net zero emissions target along with.
- Taiwanese, South Korean, Japanese plans for zero emissions by 2050.
- China’s plans for zero emissions by 2060.
- Japan & EU standing together to become coal free by 2030 in addition to their 2050 GHG goals.
- Japan’s target of zero emission power by 2035.
- Automakers In Japan announcing Carbon Neutral goals according to the Toyota group as plant zero CO2 in 2050 and so on.
Green energy or renewable energy is therefore the first choice of energy to inevitably come into the role of replacing fossil fuels and there is no better time for Thailand to form an organisation that will act as the central point, integrating both supply and demand to drive the industrial sector , transportation sector ,financial sector, retailers, wholesalers and other related sectors of the country affected to archive stability in the forthcoming transitory environment. Thus, we would like to ask stakeholders from all sectors to join and establish the RE100 Thailand Club at this time.
- To propose policies to the government and drive the Thai industry towards 100% usage of renewable energy (RE100).
- To make RE100 an important tool for achieving Thailand’s greenhouse gas reduction target (Thailand’s Carbon Net Zero) and achieve Paris Agreement goals to keep the global average surface temperature from rising above 1.5 degrees celsius by the end of the 21st Century.
- To enable transition into new industries, new S-curve by using clean energy to create new investment sources in ASEAN and graduate from the middle-income country group.
- To enhance the capability of the industry and to increase the competitiveness of Thailand towards sustainability by focusing on creating balance between the economy, society, environment, and human intelligence.
- Being a member of the Federation of Thai Industries (or either not a member) a juristic person, an independent organization, or a government agency.
- An organization that is aware of the problems and effects of global warming.
- The organization must have a desire to participate in solving problems and reducing the impact of global warming.
- An organization or agency that wishes to use electricity from renewable energy or wish to sell electricity from renewable energy with intent to trade green carbon.
- An organization that operates with respect to the law and exhibits good morals.
- All members must respect the rules and regulations of the RE100 Thailand Club.
Member of RE100 Thailand Club
More than 500 companies/organizations have joined as of November 23, 2021. For instance,
(Including afﬁliated companies)