Investing in artificial intelligence and advanced satellites could significantly enhance climate monitoring, data collection and analysis. Thailand can leverage its regional partnership with Australia, which has made major advancements in these areas and possesses valuable expertise and technical knowledge in managing extreme weather events.
For example, the Flood and Storm Intelligence Sensing project in the Australian state of New South Wales is testing the use of AI and mobile networks to predict flooding impacts by integrating localised real-time weather data and historical Bureau of Meteorology data to predict flood risks. These advancements could help support Thailand’s climate resilience efforts.
Green infrastructure, such as constructed wetlands and urban forests, can also help manage stormwater and enhance urban resilience. By increasing water absorption and reducing runoff, the infrastructure can help mitigate flooding while also providing recreational spaces.
Despite having one of Southeast Asia’s lowest ratios of green spaces, Bangkok plans to build 500 parks by 2026, including the King Bhumibol Adulyadej the Great Memorial Park. This park, currently under construction and larger than New York’s Central Park, will feature 4,500 trees and a floodplain designed to purify rainwater and help mitigate flooding. This initiative builds on the recent opening of the US$20 million Benjakitti Forest Park in the city, which is also designed to absorb excess rain during monsoons. Such projects could be replicated in other flood-prone areas across Thailand.
However, challenges lie ahead. Aside from time constraints and strategic planning to reduce long-term climate change effects, the financing and management of adequate water infrastructure must be addressed by governments – central and local. But this requires substantial investment, typically $7 of capital for every $1 of income.
The question arises: who can finance this? Thailand's average household debt has surged by 8.4 per cent year-on-year, reaching a record high of more than 16.4 trillion baht (US$484 billion), or 90.8 per cent of GDP. This places Thailand, Southeast Asia’s second-largest economy, among the region’s highest for household debt.
To tackle financing challenges, the government could seek private sector investment or establish public-private partnerships with multilateral institutions. There is interest from the World Bank, for instance, in doing so. The Royal Irrigation Department has launched the US$9.4 billion Chao Phraya 9 Plans to improve flood control in greater Bangkok, and the World Bank is in discussions to provide support, including US$1.85 billion for the project's initial phase.
Thailand faces a critical juncture in addressing the escalating impacts of climate change, particularly severe flooding. While the government has taken steps to address these concerns, efforts must be scaled up to build a more climate resilient future.