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

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.

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 –

  • CNRP activists arrested for ‘plotting insecurity’

    Three activists for the Supreme Court-dissolved Cambodia National Rescue Party (CNRP) have been sent to Phnom Penh Municipal Court after they were arrested for their alleged involvement in an overseas-organised plot to mobilise demonstrations and cause insecurity. National Police spokesman Chhay Kim Khoeun said the