The initiative aims to support approximately 40,000 Thai rice farmers in transitioning to climate-smart rice farming practices, contributing to the reduction of greenhouse gas emissions and climate change mitigation. Paisan Hongtong, Senior Executive Vice President of BAAC, announced the official launch of subsidy schemes and low-interest loan programmes under the Thai Rice: Strengthening Climate-Smart Rice Farming (Thai Rice GCF) Project, at the event Driving Climate-Smart Rice by BAAC’s Financial Mechanism under the Thai Rice GCF Project, co-organised with GIZ. The initiative aims to shift farmers’ rice farming practices towards climate-smart and low-greenhouse-gas-emission approaches by promoting the adoption of climate-smart technologies (CST). Based on this background, BAAC places strong emphasis on promoting an integrated transition towards climate-smart rice farming. Climate-Smart Incentive (CSI)Under the Thai Rice GCF Project, a Climate-Smart Incentive (CSI) fund of approximately THB 300 million (EUR 7.6 million) has been allocated to support around 40,000 rice farmers in piloting climate-smart rice farming practices.

Source: Bangkok Post January 30, 2026 07:21 UTC