- Property developer MQDC - Magnolia Quality Development Corporation Limited has joined the MIT Energy Initiative (MITEI) from the Massachusetts Institute of Technology (MIT)
- Working with MITEI will enable MQDC to cut carbon emissions from both its own property projects and, through consultancy, those of other developers
- MQDC aims to provide sophisticated environmental impact assessments through teaming up with MITEI and to boost Thailand's role in global efforts to combat climate change
Bangkok, 1 December 2017 - Property developer Magnolia Quality Development Corporation Limited (MQDC) is collaborating with the US-based MIT Energy Initiative (MITEI) to slash greenhouse gas emissions from Thai property developments.
MQDC has commenced its collaboration with MITEI's Low-Carbon Energy Center for Electric Power Systems Research, giving access to data and tools to help both the developer and the wider property sector build more sustainably.
Dr. Singh Intrachooto, Chief Advisor of MQDC's Research & Innovation for Sustainability Center (RISC), represented the developer at the signing ceremony.
"We are confident this collaboration through MITEI's Low-Carbon Energy Center for Electric Power Systems Research will bring benefits for the sustainability of property developments in Thailand and enable the country to play a greater role in global efforts to combat climate change."
"We look forward to working with MQDC and RISC on research that will help them reduce greenhouse gas emissions in current and future real estate projects," said Ms. Lihong Duan, Manager of the Asia Pacific Energy Partnership Program at MITEI.
RISC plans to work with MITEI to give Thailand's property sector sophisticated environmental impact evaluations that can help make projects greener.
"This is an important sector to decarbonize, and this collaboration will support MQDC's commitment to advancing low-carbon technologies and strategies."
Ms. Duan represented MITEI at a signing ceremony with MQDC's Dr. Intrachooto at Magnolias Ratchadamri Boulevard (MRB)