The executives of Abeam Consulting revealed that Thailand itself has a renewable energy policy and plan to achieve the goal of carbon neutrality. The Ministry of Energy has presented the framework of the national energy plan for carbon neutrality between 2065-2070. The goal is to increase the proportion of new electricity production with a proportion of renewable energy of no less than 50 percent, considering the cost of long-term energy storage systems. In addition, it aims to push the "Thailand 4.0" policy to actually happen through the BCG economic model from 2018 onwards. This economic model will apply biotechnology to agricultural crops, which are raw materials for producing biofuels, bioplastics, biochemical products, and electricity production from biomass, which is a highlight of Thailand.

In addition, there are many things that Japan can learn from China's efforts to achieve its carbon emission reduction goal, while also leveraging its own strengths to achieve economic growth and potentially providing business opportunities to various business sectors. AZEC (Asia Zero Emission Community) project from Japan AZEC is an initiative by Japan. To unite partner countries in the Asian region and promote the development of innovations to reduce carbon emissions, as well as support the energy transition towards carbon neutrality in Asia. Currently, 11 partner countries are participating. The Japanese government has provided comprehensive support in all aspects, whether in terms of finance, technology, and capacity building. Currently, 3 initiatives have been launched:

1) The Zero-Emission Electricity Promotion Project. At the COP28 meeting earlier this year, it was agreed to double energy efficiency and triple renewable energy capacity by 2030. However, there are still some conflicts regarding the stance on fossil fuels or coal-fired power plants in the AZEC partner countries, which currently rely heavily on electricity generation from such fuels. Therefore, in addition to promoting Carbon Dioxide Capture and Storage (CSS), increasing the capacity of the electricity grid is also essential for the transition to sustainable energy. Cooperation in this area is also important.

2) The Sustainable Fuel Market Promotion Project. The AZEC partner countries, including Thailand, are expected to see an increase in the number of vehicles, aircraft, and ships, making the transition away from fossil fuels in the transportation sector very important. This project aims to create a sustainable fuel energy supply network, which is expected to be centered in the Asian region. and study the feasibility of sustainable fuel energy using various resources, including biomass fuel. This project may be a project that Thailand can utilize its biomass potential.

3) Initiatives to create new industries. In Asia, the manufacturing sector plays a significant role in supporting GDP growth. Therefore, making the entire supply chain environmentally friendly is important for the future. However, since the investment scale that each company can make is limited, there is a discussion on how to effectively reduce carbon emissions in the entire supply chain, such as creating carbon-neutral industrial estates.

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