Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Carbon credit schemes, concessions slashed

Carbon credit schemes, concessions slashed

The Ministry of Environment has cancelled seven carbon credit schemes and reduced the leases of six economic land concessions (ELCs) as part of an ongoing reform effort, according to an announcement released on Friday.

Carbon credits are created when companies invest in projects, usually abroad, to offset their emissions, while Cambodia’s ELC system has come under scrutiny over its effect on the environment and forced evictions.

Srun Darith, the ministry’s chief of cabinet, said that seven unnamed companies had their carbon credit projects cancelled due to inactivity. “They were passive and did not fully conduct their studies,” he said.

As for the ELCs, the ministry announced in July that it was implementing a move to reduce their leases to 50 years across the board.

The latest six companies to have their terms reduced cover 45,468 hectares of land in Koh Kong, Kampot, and Pursat provinces.

0

Comments

Please, login or register to post a comment

Latest Video

Turkish Embassy calls for closure of Zaman schools

With an attempted coup against the government of President Recep Erdogan quashed only days ago and more than 7,000 alleged conspirators now under arrest, the Turkish ambassador to Cambodia yesterday pressed the govern

CNRP lawmakers beaten

Two opposition lawmakers, Nhay Chamroeun and Kong Sakphea were beaten unconscious during protests in Phnom Penh, as over a thousand protesters descended upon the National Assembly.

Student authors discuss "The Cambodian Economy"

Student authors discuss "The Cambodian Economy"

Students at Phnom Penh's Liger Learning Center have written and published a new book, "The Cambodian Economy".