Thailand’s Power Sector to Gain Momentum from Government-Backed Carbon Capture Initiatives

UOBKayHian Securities (Thailand) (UOBKH) has highlighted the Ministry of Energy’s strong support for Carbon Capture and Storage (CCS) technologies, signaling a potential shift in Thailand’s power and energy sector.

The government’s backing of CCS is expected to help reduce carbon emissions from fossil fuel-based power plants and enable utilities to achieve future sustainability and regulatory targets. Analysts note that this could accelerate the adoption of low-carbon technologies across Thailand’s electricity and industrial sectors, positioning the country as a regional leader in clean energy solutions.

Energy companies investing in CCS and related infrastructure may benefit from government incentives, operational efficiencies, and long-term cost savings, while contributing to Thailand’s broader climate and decarbonization goals.

This initiative aligns with Thailand’s strategy to modernize its power generation mix, strengthen energy security, and reduce the carbon footprint of electricity supply, supporting a sustainable and low-emission energy future.