PROJECT DESCRIPTION
The demand for energy in Thailand’s cooling sector is on the rise. Today, refrigeration and air-conditioning (RAC) technologies already use an estimated 50% of the electricity consumed in Thailand. Without intervention, it is projected that this demand will triple by 2030. With its high-energy consumption and the use of climate-damaging chemicals – refrigerants with high global warming potential (GWP) – the cooling sector has a major impact on Thailand’s greenhouse gas (GHG) emissions. Reducing emissions from the cooling sector will be key to reaching Thailand’s ambitious climate targets. RAC NAMA supports Thailand in initiating a transformation of the cooling sector towards climate-friendly and energy efficient cooling technologies, contributing to the country’s energy and climate targets, strengthening the industry’s competitiveness and bringing additional climate finance to the sector
ADDITIONAL INFORMATION
Thailand is an important industrial hub in the global refrigeration and air-conditioning (RAC) sector. Nowadays the use of RAC technologies also accounts for more than half of the electricity consumption and it is responsible for a significant GHG emission of the country. To encourage the use of greener and energy efficient cooling technologies with natural refrigerant, “RAC NAMA Fund” is established in 2018 as a financial instrument for the whole chain of supply and demand as well as service sector. With a budget of €8.3 million and a thoughtfully design of financial mechanisms with technical support, the fund will serve the needs of all stakeholders simultaneously and sustainably.