Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia's carbon neutrality strategy a boon to economy

Cambodia's carbon neutrality strategy a boon to economy

Content image - Phnom Penh Post
Environment minister Say Samal speaks during the presentation of the strategy on Friday. ENVIRONMENT MINISTRY

Cambodia's carbon neutrality strategy a boon to economy

The “Long-term Strategy for Carbon Neutrality in Cambodia'' was presented to relevant officials on February 11. It is expected that the strategy will contribute to the increase of gross domestic product by nearly three per cent and can create 449,000 jobs in 2050.

“The reforms in the forestry sector, the reduction of carbon dioxide in the transportation sector, the drive for agricultural production and low carbon products will lead to progress in a green economy with sustainability for all,” said Ministry of Environment spokesman Neth Pheaktra during a press conference at the ministry on February 11.

Pheaktra said Cambodia kicked off the year 2022 by being the first country in ASEAN to launch the Strategy for Carbon Neutrality 2050.

He said Cambodia had also submitted a roadmap called ‘Long-term Strategy for Carbon Neutrality (LTS4CN) to the UN Framework Convention on Climate Change (UNFCCC) on December 31 last year.

The submission of the roadmap was to honour the commitment made by the Cambodian government during the 2021 UN Climate Change Conference in November in Glasgow to reduce greenhouse gas by 40 per cent in 2030.

MOST VIEWED

  • 12th Cambodia int’l film festival to see return of Hollywood star

    Phnom Penh is set to come alive with the magic of cinema as the highly anticipated 12th Cambodia International Film Festival (CIFF) takes centre stage. Boasting an impressive line-up of 188 films from 23 countries, including captivating shorts, feature films, documentaries and animation, the festival promises an

  • Bareknuckle champion wants Kun Khmer fighter

    Dave Leduc, who is the current openweight Lethwei boxing champion in Myanmar, has announced that he will travel to Cambodia this year to challenge SEA Games gold medallist Prum Samnang any time that is convenient, after their planned match later this month in Slovakia was

  • Struggling Battambang artist dreams of staging full-scale gallery exhibition

    Leav Kimchhoth, a 55-year-old artist from Battambang province, is a familiar face to locals and tourists alike on the streets of the riverside in Phnom Penh. The one-armed painter and illustrator often hawks his work near the night market on weekends and public holidays. He

  • Fresh Covid warnings as Thai hospital fills

    A senior health official reminds the public to remain vigilant, as neighbouring countries experience an increase in Covid-19 cases, with the latest surge appearing to be a result of the Omicron XBB.1.5 sub-variant. Or Vandine, secretary of state and spokeswoman for the Ministry of Health,

  • Five-year-old Hanuman dances his way into hearts of Cambodia

    A young talent from a new-established settlement has emerged, captivating the online world with his mesmerising performances of the traditional Cambodian monkey dance. Roeun Kakada is a five-year-old prodigy who has taken the social media sphere by storm with his exceptional dance skills and dedication

  • New Law on Taxation comes into effect

    Cambodia has enacted the eagerly-awaited new Law on Taxation, which aims to improve the national tax regime’s compliance with present and future international standards and economic conditions; encourage accountability, effectiveness and transparency in the collection process; and promote investment in the Kingdom. King Norodom