Thailand accepts World Bank’s climate change grant
In addition to several projects and agreements approved in the Cabinet meeting yesterday, the government has agreed to accept a 5 million dollar U.S. grant from the World Bank to reduce emissions of hydrofluorocarbon gas (HFC), which is one of the greenhouse gases affecting the globe’s ozone layer.
A Deputy Government Spokesperson, Rachada Dhanadirek, disclosed that the Cabinet, at its meeting yesterday, approved an acceptance draft for a 5.084 million dollar grant from the World Bank, to fund projects reducing the emission of environmentally harmful HFC gas.
At the same meeting, the Cabinet approved a financial aid campaign for Myanmar, providing a 1.46 billion baht loan to fund Yangon’s electricity system renovation project, on the understanding that the project utilises goods and services from Thailand for at least 50 percent of the contract’s value, and must hire Thai companies for construction and engineering consultations.
National News Bureau of Thailand
