Our green future
Re: "Regulator launches green tariff", (Business, Jan 24) and "Excise tax on cars set to be rejigged: Update to aid transition to future mobility technologies", (Business, Jan 4).
Two related world-changing events are unfolding before our eyes that the Thai government must take into account in its long-term development plan: the reduction of fossil fuel usage and the end of internal combustion as the power source of transportation.
Trend number 1: The adoption of electric vehicles (EVs) in Thailand presents significant potential for reducing the country's carbon footprint and reliance on fossil fuel imports.
As an early adopter of EV, my experience resonates with other consumers collectively influencing this market shift. These advantages include lower purchase prices than equivalent fossil fuel vehicles, zero maintenance costs over the three years of ownership, and significantly reduced operating expenses.
My vehicle's operating costs break down as follows. My EV consumes 0.14 kWh per kilometre, while my gasoline SUV consumes 1/14 of a litre per kilometre. With electricity costing 4 baht per kWh and gasoline costing 34 baht per litre, my cost to drive 1km in my EV is approximately 0.56 baht, whereas the cost to drive 1km in the gasoline SUV is around 2.36 baht. My EV operation cost is less than 25% of the cost to operate my gasoline car.
These small personal savings can translate into larger savings that can benefit consumers and the nation as a whole.
Thailand consumes approximately 155 million litres of gasoline per day as car fuel. At 34 baht per litre, this daily consumption accrues to a staggering 1.9 trillion baht in fuel costs annually. By converting to EVs, each 1% increase in EVs among the cars on the road in Thailand will lead to a corresponding reduction in consumer spending on fuel, resulting in a saving of 75% over using gasoline.
Trend number 2: The rapid rise of renewables as a sustainable long-term energy solution -- and perhaps the key to humanity's survival.
In recent years, global coal usage has plateaued and is projected to decline sharply. This trend is not surprising, given the well-established negative health impacts associated with coal use. Currently, Thailand's fuel policy focuses on the use of liquefied natural gas (LNG). While burning natural gas is generally less harmful than coal or oil, it is important to note that accidental releases of natural gas into the atmosphere have a global warming potential (GWP) that is 84 times greater than that of CO₂. The recent destruction of the Nord Stream 2 pipeline, termed one of the most destructive manmade global warming disasters to date, illustrates the extreme risks associated with fossil fuel usage, as humans often act in self-interest without considering the long-term climate consequences of their actions.
For Thailand, our green solution may well lie in hydroelectricity, which beautifully combines both storage and generation capabilities. We don't need to look far for practical examples; this proven source of energy is already under EGAT's long-term contract from our easterly neighbour. Laos is already a major hydroelectric producer, while the Salaween River basin to our west remains undeveloped. Both areas hold significant potential for hydroelectric power generation, with estimates suggesting that Laos could double its current hydroelectric capacity. These two situations offer Thailand a unique chance to swiftly implement more green energy projects, strengthening its relationships with Laos and Myanmar while supporting and participating in our neighbours' economic development.
M.L. Saksiri Kridakorn