Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia to get $40M from ADB’s green fund

Cambodia to get $40M from ADB’s green fund

Severe floods are expected to become more common in Cambodia due to climate change.
Severe floods are expected to become more common in Cambodia due to climate change. Heng Chivoan

Cambodia to get $40M from ADB’s green fund

The Asian Development Bank has announced an additional $30 million in grants and $10 million in loans to Cambodia as part of the organization’s Green Climate Fund.

The funds will be in addition to the $90 million the bank has already loaned the country to develop climate-friendly agribusiness value chains, according to a press release from the funding body.

An ADB spokesman did not respond to requests for comment yesterday. According to the release, the funds will go toward reducing farms’ carbon footprint, improving infrastructure and increasing the resiliency of crops to climate change.

The UN consistently ranks Cambodia as among the top 10 countries likely to be affected by climate change. In 2014, US credit rating agency Standard & Poor’s ranked Cambodia’s economy and creditworthiness as the most vulnerable to climate change, out of a total of 116 nations evaluated.

MOST VIEWED

  • PM: All 10 Asean countries to receive Rainsy arrest warrants

    Prime Minister Hun Sen said on Thursday that all 10 Association of Southeast Asian Nations (Asean) member states will receive warrants for the arrest of Sam Rainsy. The warrants have already been sent to Laos and Thailand. He was speaking at a joint press conference at

  • Human rights report biased, says Cambodia

    Cambodia has accused the 42nd session of the Human Rights Council in Geneva, Switzerland on Wednesday of having “undermined the principle of objectivity”. In a statement issued on Tuesday, the Permanent Mission of the Kingdom of Cambodia to the UN said the Office of the

  • Kingdom okays 2,400MW power purchase from Laos

    A cabinet meeting on Wednesday decided that the government will purchase 2,400MW of electricity from Laos. A briefing document uploaded by government spokesman Phay Siphan to his Facebook page confirmed this. It said Cambodia will buy exclusive power from two coal-fired power plants in Laos –

  • The need to establish research universities in Cambodia

    In an era of the globalisation and internationalisation of higher education, it is difficult, if not impossible, to disregard the regional and global trend toward building world-class universities. Many governments in Asia and Africa are making significant efforts to establish research-intensive universities to catch up