The industry sector in Thailand relies heavily on fossil fuels for its energy needs. Their share of the final energy demand was 48% in 2019, comprising of coal (23%), oil (14%) and natural gas (10%). All scenarios show peaking of fossil energy demand between 2025–2030, and a declining trend after that.
Electrification rate in Thailand’s industrial sector is low. Analysed scenarios show that in a 1.5°C compatible pathway, the share of electricity in industry could increase in the range of 25–28% by 2030 and 49–61% by 2050 from the 2019 level of 22%. All scenarios see a rapid decline in direct CO₂ emissions to 29–33 MtCO₂/yr by 2030 and 0–4 MtCO₂/yr by 2050 from their 2019 level of 74 MtCO₂/yr.
The Energy Efficiency Plan (2015-2036) includes a target to reduce energy intensity (energy use per unit of GDP) by 30% by 2036., The Energy Conservation Promotion Act includes mandatory energy audits in “designated” factories and buildings.
Thailand has a Voluntary Emission Reduction Programme aiming to reduce 5.28 MtCO₂e per year. Industry accounts for 40% of the EEP 2018 energy intensity reduction target, according to which the sector will conserve a cumulative 21,137 ktoe between 2010 and 2037.