In 2011, Thailand, highly committed to climate-friendly development, was studying policy options to reduce GHG emissions through energy efficiency measures. They were at a crucial stage and needed practical information on how to reduce energy consumption. Since India had been very successful in improving energy efficiency at considerable scale, the World Bank connected Thai officials with Indian peers. In face-to-face meetings and video conferences, experts from India’s Central Electricity Regulatory Commission and Bureau of Energy Efficiency shared their hands-on experience with Energy Saving Certificates (ESCs), a market-based approach recognized as a cost-effective way to reduce GHGs. During the knowledge exchange, Thai officials gained practical insights on how to establish a scheme to advance low-carbon goals and drive private-public collaboration.
