The Bank of Thailand (BOT) is set to issue guidelines for banks to take account of environmental factors in the financial products and services they offer. Thailand’s central bank said the guidelines will help the financial sector, businesses, and the public sector transition to a green economy. BOT governor Sethaput Suthiwartnarueput said Thailand’s economy is particularly vulnerable to climate change, given more than a third of its workforce is in the agricultural sector. Also, industries that account for more than 13% of Thailand’s production do not currently take into account issues like carbon emissions. He said that those businesses could be affected by a carbon tariff system proposed by the European Union, which discourages its members from moving production to countries without robust climate change policies.
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