Nation Thailand
Thailand urged to put nature on national balance sheet for green growth
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The World Bank Group is supporting Thailand’s use of natural capital accounting (NCA) as a tool to help policymakers balance economic growth with environmental protection.
Key facts
- World Bank analysis suggests that even a partial collapse of ecosystem services could cut global GDP by US$2.7 trillion by 2030.
- The first priority is stronger national climate targets, including a commitment to reduce net greenhouse gas emissions by 47% from 2019 levels by 2035.
- Thailand’s long-term strategy projects renewable energy supplying around 74% of total energy by 2050.
- NCA measures the stocks and flows of natural assets and translates them into data that can be used alongside existing national accounting systems.
- Good highlighted the scale of the issue, noting that more than half of global GDP, or about US$60 trillion, is generated in sectors that depend on nature
- Speaking at Earth Jump 2026: A Bridge to Empowered Actions, Melinda Good, World Bank Country Director for Thailand and Myanmar in the East Asia and Pacific Region, described Thailand’s forests, watersheds and resilient landscapes as key
Summary
NCA measures the stocks and flows of natural assets and translates them into data that can be used alongside existing national accounting systems.
By accounting for resources such as water, land, forests and energy, as well as environmental impacts including air pollution, the framework can help governments make better decisions on development, investment and conservation.