IEAT snags $100m loan to cut carbon emissions - News Summed Up

IEAT snags $100m loan to cut carbon emissions


The Industrial Estate Authority of Thailand (IEAT) has secured a US$100-million loan from the World Bank to support projects to cut carbon dioxide emissions at industrial parks as well as trade carbon credits. The IEAT wants to benefit from lower utilities costs at its industrial parks and earn revenue from carbon credits. Carbon credits represent the reduction of greenhouse gas emissions achieved by environmental projects. The carbon credits will be certified by Gold Standard, a widely accepted benchmark for project quality and integrity for efforts to reduce carbon dioxide, he said. "We aim to reduce cumulative greenhouse gas by 2.33 million tonnes of carbon dioxide equivalent within 10 years," he said.


Source: Bangkok Post February 12, 2026 00:20 UTC



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