Carbon trading and other Payments for Ecological Services (PES)

More than $11 million in carbon credits from Cambodian forests have been sold since 2016, the Ministry of Environment announced at its annual year-end conference. The carbon credits were exchanged under the Reducing Emissions from Deforestation and Degradation (Redd+) framework, which allows forested developing countries to ...

Cambodia has asked Germany to buy some of the Kingdom’s carbon credits earned from preserving its natural resources. Interior Minister Sar Kheng made the request during a visit to Germany which concluded yesterday, a ministry statement noted. It said Cambodia requested Germany to study the possibility, ...

The killing of three conservationists patrolling Cambodia’s biggest carbon credit project exposes the nearly insurmountable conflicts of interest plaguing schemes in which huge corporations such as Disney and Virgin Atlantic have invested millions of dollars, observers say. Military Police Officer Sek Wathana, Environment Ministry Ranger Teurn ...

Human rights representatives from NGO Adhoc and the United Nations have been asked to intervene in a land dispute between villagers and an army lieutenant they say was granted a land title illegally inside a protected community forest in Oddar Meanchey province. ...

A Virgin Atlantic representative yesterday said that the British airline is no longer purchasing carbon credits from an area of Oddar Meanchey province set aside for a UN REDD+ program after a report describing widespread problems. ...

A REDD Programme representative yesterday said it would be concerning if recent claims of the military systematically clearing protected forest in Oddar Meanchey province covered under the scheme proved true – though a third-party company has dismissed the claims as outdated. ...

Claims the military is involved in systematically clearing forest in Oddar Meanchey province in an area meant to be protected by a carbon credit scheme involving Virgin Atlantic have prompted the UK-based airline to launch an investigation into the program. ...

A $2.6 million deal by Walt Disney Company to preserve nearly 300,000 hectares of eastern Cambodian forest through the purchase of carbon credits will need to overcome past failures to succeed, critics said on Monday. ...

The Walt Disney Company has purchased $2.6 million in carbon credits in the forests of Mondulkuri province – marking the largest carbon credit sale to date in Cambodia and breathing life into a carbon-trading program many had written off as all but dead. ...

Despite one success story emerging in the trade of Cambodia-generated carbon credits, immediate prospects for the environmental trading scheme in Kingdom remain few. Securing buyers of carbon credits for Cambodian projects is a well-known difficulty. Pact, however, left the project in July 2013 when the ...

Community forest chiefs and rights groups in Oddar Meanchey province say logging is now so rampant they have finally given up hope that a U.N.-backed scheme to generate millions of dollars worth of carbon credits for the area and the country will ever get off ...

Cambodia’s first verified carbon credit program is up and running in the remote province of Oddar Meanchey. But experts say there are limited carbon credit buyers, and illegal deforestation remains a major threat to the stability to the project. ...

Cambodian soldiers are continuing to cut into community forests in Oddar Meanchey province that are meant to anchor what is intended to be the country’s first forest-based carbon credit trading scheme, local villagers and NGOs said Wednesday. ...

Cambodia’s only U.N.-backed carbon trading scheme is still nowhere near making any money for communities and logging in the area continues to threaten the very forests supposed to generate tens of millions of dollars over the next 30 years, community representatives and officials in charge ...

Since 2007, the NGO Pact has been working with the government to turn 68,000 hectares of forest in Oddar Meanchey province into a moneymaking venture for the state just by keeping trees in the area standing. ...

Prices in the global carbon market are too low to provide an incentive for Cambodian businesses to engage in carbon offset schemes, but there are other options for businesses to gain funds for emission reduction, industry experts say. Speaking on the sidelines of a two-day educational ...

The military’s ongoing clearing of community forests in Oddar Meanchey province risks derailing Cambodia’s first forest-based carbon trading scheme backed by the U.N., according to the latest assessment of the project. Community forest groups, who stand to earn millions from the project, said on Wednesday that ...

Banteay Ampil district, Oddar Meanchey province – The families of Beng commune have new neighbors: a battalion of Royal Cambodian Armed Forces (RCAF) soldiers building a military base inside one of 13 pockets across the province aiming to be the first forest-based carbon trading scheme ...

New satellite images of Oddar Meanchey province promise to help settle wildly conflicting deforestation estimates inside a 64,000-hectare area, which is set to anchor the country’s first forest-based carbon trading scheme. With the project potentially ready to sell carbon credits to foreign firms in a matter ...

The U.S. firm selling credits for a carbon trading scheme that could earn Cambodia tens of millions of dollars said yesterday that sales could start in a matter of months, despite mounting claims of deforestation within the community forests set to anchor the project. ...