Thailand HCFC Phaseout Stage III and HFC Phasedown Stage I Project (WB-P509972)

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Countries
  • Thailand
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Feb 24, 2027
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of the Kingdom of Thailand
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 55.43 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Grant Amount (USD)
$ 55.43 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 55.43 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 5, 2026

Disclosed by Bank Mar 9, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the World Bank, the project development objective is to reduce HCFC and HFC consumption while improving product energy efficiency to enable the Royal Thai Government to comply with Montreal Protocol and Multilateral Fund obligations.

The project will be implemented by the Department of Industrial Works under the Ministry of Industry, which is empowered by the Government to be the implementing agency of the Montreal Protocol. The proposed project comprises of the following components:

i. Strengthening the capacity of training institutes to produce qualified service technicians skilled in handling non-HCFC-based equipment, as well as providing financial incentives to encourage the adoption of low-GWP (Global Warming Potential) alternatives.
ii. Development of HFC phase-down roadmap including HFC phasedown implementation plan for the period from 2026 to 2032. This component will entail investment subprojects to convert cooling industry from HFC technology to low-GWP HFC or zero-GWP technology as well as energy efficiency improvement, where possible. In addition, this component will also provide technical assistance to help establish the regulatory, institutional, and technical frameworks required for a sustainable HFC phasedown.
iii. Development of an investment program to finance replacement and/or upgrade of existing equipment to high energy-efficiency and low-GWP technologies.

MLF fund will be used as seed money to support Energy Efficiency Revolving Fund (EERF) to stimulate the early adoption of the low GWP and high energy efficiency technologies. The EERF will support investment activities in residential air conditioning, chiller and commercial and industrial refrigeration sectors to improve energy efficiency. Details of eligibility criteria and exclusion list will be established during project preparation.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

According to the information provided, the funds will come from the Montreal Protocol Investment Fund.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

World Bank Team Leader:

Waraporn Hirunwatsiri - Senior Environmental Specialist
Email: whirunwatsiri@worldbank.org 

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

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