Nation Thailand
World Bank expert sees THB700bn potential in Thai energy contracts
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“Whenever you hear the words ‘financial innovation’, run immediately. Someone is hiding risk, and you could end up paying the price, just as in the 2008 financial crisis.”
Key facts
- Forni said that although climate-finance figures as high as US$120 trillion had been announced at global forums such as the UN climate conferences, known as COP, major commercial banks often wanted to write cheques of at least US$100
- The Bangkok Metropolitan Administration (BMA) was preparing to tender a 65-megawatt solar programme and energy-efficiency projects worth more than US$30 million, using long-term energy-management service contracts that had received
- Combined, these projects represented more than US$20 billion, or over THB700 billion, in potential investment across Thailand, he said.
- If a large anchor company such as Nestlé invested US$7 million in upgrading its energy systems, while smaller businesses in its supply chain invested US$1 million to US$2 million each, the combined impact would be substantial.
- discussion at Bangkok Business Summit 2026.
Summary
SustaiNation
That was the warning from Marc Forni, the World Bank’s lead urban resilience specialist, during the “From Ambition to Execution: Policy Architecture and Low-Carbon Cities in Action” discussion at Bangkok Business Summit 2026.