Thailand has the potential to draw investments from Australia in the clean energy and environment sector through a carbon cluster initiative targeting Southeast Asian nations and India. A trade mission of 25 Australian companies interested in a supply chain of carbon projects will visit South East Asian nations in early March in the first of its clean development mechanism (CDM) missions, said Garth Taylor, Australia's trade commissioner to ASEAN.
"Australian companies already see Thailand as a good investment location, hoping to access other markets from a Thailand base," Mr Taylor, who is based in Kuala Lumpur, told Nareerat Wiriyapong of the Bangkok Post. Australia-based Future Fuels has invested in a manufacturing facility to further develop its hydrogen generation technology in Thailand. Aqua Guardian recently signed an agreement with a Thai partner to manufacture and stock its water efficiency products.
The two-day mission in Kuala Lumpur aims to draw 100 participating ASEAN organisations, including the Thailand Greenhouse Gas Management Association and PTT Plc. The Australians will later head to India.
CDM is a mechanism that allows industrialised nations to invest in and buy credits from carbon reduction projects in developing countries to meet their emission reduction commitments under the Kyoto Protocol by 2012. Mr Taylor said the Australian government wants 10 deals with ASEAN partners concluded in 18 months.
As the first Australian trade commissioner with a clean energy and environment portfolio in Asean, Mr Taylor's responsibility is part of the Australian government's A$4.5-billion initiative to increase Australia's profile in renewable and lower-emission energies partly through engagements with international communities.
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