Cambodia explores carbon

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 workshop on carbon markets at the Sunway Hotel in Phnom Penh yesterday, Dr Paul Dargucsh of the International Energy Centre said carbon trading was not economically viable in the current market climate. Dargusch says said carbon offsets – where companies sell their carbon savings to buyers whose emissions are capped – would be challenging in the current business climate, given prices  are a mere $5 per tonne. … Sarah Sitts of international NGO PACT, which works closely with community forest groups ìn Cambodia’s Oddar Meanchey province as part of a UN-backed carbon trading scheme, insists that there is a market for the purchase of carbon credits, albeit a voluntary market. …

http://www.phnompenhpost.com/2013061166181/Business/cambodia-explores-carbon.html