Thai entities promote carbon neutrality via “Care the Bear” initiative at APEC 2022

The Stock Exchange of Thailand (SET) teams up with the country;s Ministry of Foreign Affairs and capital market partners – Bangchak Group, SCG, and PTT Oil and Retail Business pcl (OR) - to promote “Care the Bear” project at APEC Economic Leaders’ Week Media Center, in their collaborative efforts to achieve low carbon society and make the media center carbon neutral.
Bangkok (NTT/VNA) - The Stock Exchange of Thailand (SET) teams up with the country;s Ministry of Foreign Affairs and capital market partners – Bangchak Group, SCG, and PTT Oil and Retail Business pcl (OR) - to promote “Care the Bear” project at APEC Economic Leaders’ Week Media Center, in their collaborative efforts to achieve low carbon society and make the media center carbon neutral.
The initiative reinforces SET’s position at the forefront of stock exchange focusing on balanced and sustainable growth. Under the project designed to combat global warming, SET’s six Cares practices will be implemented with the “Green Media Center”, touted as a model for environmental management, optimised resource and energy utilisation as well as integrated and concrete waste management.

For partners, they will bring their expertise and experiences in working together to offer end-to-end management to turn the media center to a truly carbon-neutral area. Bangchak Group will estimate carbon emissions at the media center and balance by seeking carbon offsets equal to amount of emissions from domestic projects through Carbon Markets Club. SCG provides innovative recycled paper solution for decoration such as backdrop and recycling bins, and, after the event, recycles paper waste to bookshelves for the efficient use of resources in line with circular economy practices; while OR will recycle and upcycle plastic waste to new materials to highlight APEC’s concept of BCG economy.

The Green Media Center at LG Floor, Queen Sirikit National Convention Center (QSNCC) will welcome more than 3,000 media members from across the world to APEC Economic Leaders’ Week meeting during November 14-19, 2022.

Director-General of the Department of Information and Spokesperson of the Ministry of Foreign Affairs Tanee Sangrat said that in hosting APEC 2022, Thailand aims to promote sustainable and balanced growth through socially and environmentally-responsible business operations that underline the Bio-Circular-Green Economy Model (BCG). In this regard, the “Green Media Center” will reflect Thailand’s capability in concretely driving sustainability, particularly in the environmental dimension. Booths and exhibitions are completed with recyclable materials for maximised resource utilisation; and integrated waste management is planned along with measures to track and reduce greenhouse gas emissions.

SET President Pakorn Peetathawatchai said that the exchange as APEC 2022’s Official Communication Partner sets up a booth to present the Thai capital market’s potential and its role in fostering balanced and sustainable growth. SET also joins hands with the Department of Information and partners in implementing the “Care the Bear” Project, a part of the Climate Care Collaboration Platform, with the “Green Media Center” that encompasses the 22,000-sqm exhibition area on LG Floor.

SET encourages exhibitors and the event attendees to understand and apply the six Cares practices involving use of public transport or carpooling, cutting back on paper or plastic, zero use of foam, energy efficiency, application of recyclable decorative materials and food waste reduction. Such practices are aimed to save energy and resources associated with activities in the media center, reduce impacts on the environment and greenhouse gas emissions. Results of the six Cares practices will be calculated to show how much the event’s emissions are reduced.

“SET has developed the Climate Care Collaboration Platform. By implementing the “Care the Bear” Project at APEC 2022 in collaboration with the Ministry of Foreign Affairs’ Department of Information and our partners, we aim to show the world Thailand’s concrete and measurable actions in sustainable environmental management. This will be a model that leads to new environmental management standards for organisations and drives us towards low carbon society in the future,” Pakorn said.

Organisations interested in reducing the greenhouse gas emissions of their events can visit www.carethebear.com for more information./.
VNA

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.